Uttarakhand: The Most Happening Industrial Destination
Gone are the days when Uttarakhand was just known as a tourist destination or a religious centre. Over the last one decade of its inception, the state has been gradually taking long strides towards becoming an ideal industrial destination as well. Ideal because of the conducive industrial, labour, social and administrative environment that has been created over all these years. Known for its peace loving people and warmth in hospitality, the region opened its arms to embrace the entrepreneurs from the rest of the country and even collaborators from abroad to be participants in the long march ahead on the path of development. The march has been inclusive in nature with everyone from the villager in the remote snow clad parts of the state to the top level official and the entrepreneur being an equal partner in the endeavor. The efforts undertaken together in the last decade have proved various myths about the possibility of industrial development in the region as futile. Not only has the industry sprouted here in the forms of different hubs, it has also excelled in terms of growth. The economic, social and emotional investments of the entrepreneurs has given them good dividends and the state can now proudly claim its place on the industrial map of India.
The growth of the state as a major educational and industrial hub has worked wonders as the two sectors have been acting as ideal characters complementary to each other. The industry on one side has been happy to recruit an ideally educated and professionally trained manpower in the different units thus providing ample scope of growth and employment to the local populace. On the other hand the educational institutions have mushroomed with the confidence that there is ample scope for their students in the widening employment opportunities being offered by the industry here. Gone are the days when the youth of the state had to meander along with the rivers to the plains to find their destination.
Uttarakhand as a state has lots to offer to the industry while playing a perfect host. The policy instruments in the offing are ideal for an entrepreneur to set shop here. The government has been moving towards providing single window clearances,information and facilitation. The district and state centres of StateIndustrial Development Corporation of Uttarakhand (SIDCUL) are there to provide all that an entrepreneur can ask for.
It is amidst such an...
Uttarakhanddevloping as Industrial Destination
Uttarakhand has been gradually taking long strides towards becoming an ideal industrial destination due to conducive industrial, labor, social and administrative environment that has been created over all these years.The economic, social and emotional investments of the entrepreneurs has given them good dividends and the state can now proudly claim its place on the industrial map of India.
The growth of the state as a major educational and industrial hub has worked wonders as the two sectors have been acting as ideal characters complementary to each other. Uttarakhand as a state has lots to offer to the industry while playing a perfect host. The policy instruments in the offing are ideal for an entrepreneur to set shop here. The government has been moving towards providing single window clearances, information and facilitation. The district and state centres of State Industrial Development Corporation of Uttarakhand (SIDCUL) are there to provide all that an entrepreneur can ask for.
By-
Sahaj Multiple Services
Real Estate Agent
Rudrapur
Tuesday, October 12, 2010
Uttarakhand clears new industrial proposals
Uttarakhand clears new industrial proposals
After a long wait, the Uttarakhand government has quietly cleared 25-26 proposals from the industries for the purpose of expansions and new manufacturing facilities in the state.
State Industries Minister BansidharBhagat confirmed the development and said the state would receive an investment of over Rs 400-500 crore through these proposals.
Initially, the government had received over 60 proposals from industries to set up new units or go for substantial expansion in the state. But after the expiry of cent percent excise duty exemption, a key component of the concessional industrial package (CIP) 2003 in March, the response to buy land reduced considerably. “Less than 50 per cent of the applicants finally showed interest in buying industrial plots,” a source close to the development said.
ITC was the main beneficiary under the new allotment as it got nearly 8-9 acres of land at the industrial estate of Haridwar. The sources said barring ITC, most of the other industries are not so prominent.
These industries had submitted proposals to the State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (SIDCUL), a nodal agency for industrial development, to buy land at industrial estates of Pantnagar and Haridwar as well as at Pharma City and Sigaddi Growth Centre at Kotdwar. All these industrial estates have been developed by SIDCUL where over 1,500 industries including top companies like Tata Motors, Nestle and HUL had set up units during the past few years with an investment entailing more than '16,000 crores.
Most of these industries had got land between 300 sqmeter to 1,000 sq meter in the four industrial areas. The main rush was for Haridwar and Pantnagar where 32 acres and 75 acres of land was vacant. But most of the new proposals are only for Haridwar. For the rest of the industrial estates, there was hardly any interest shown by the industries.
Technically, the proposals should have been put before the empowered committee headed by the Industries Minister, who is its chairman. But since all the files related to these proposals were lying in the office of Chief Minister Ramesh PokhriyalNishank for clearance, Bhagat was finding it difficult to make any intervention.
But following a lot of pressure from certain quarters, the government finally cleared the new proposals without making any announcement.
By-
Sahaj Multiple Services
Real Estate Agent
Rudrapur
After a long wait, the Uttarakhand government has quietly cleared 25-26 proposals from the industries for the purpose of expansions and new manufacturing facilities in the state.
State Industries Minister BansidharBhagat confirmed the development and said the state would receive an investment of over Rs 400-500 crore through these proposals.
Initially, the government had received over 60 proposals from industries to set up new units or go for substantial expansion in the state. But after the expiry of cent percent excise duty exemption, a key component of the concessional industrial package (CIP) 2003 in March, the response to buy land reduced considerably. “Less than 50 per cent of the applicants finally showed interest in buying industrial plots,” a source close to the development said.
ITC was the main beneficiary under the new allotment as it got nearly 8-9 acres of land at the industrial estate of Haridwar. The sources said barring ITC, most of the other industries are not so prominent.
These industries had submitted proposals to the State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (SIDCUL), a nodal agency for industrial development, to buy land at industrial estates of Pantnagar and Haridwar as well as at Pharma City and Sigaddi Growth Centre at Kotdwar. All these industrial estates have been developed by SIDCUL where over 1,500 industries including top companies like Tata Motors, Nestle and HUL had set up units during the past few years with an investment entailing more than '16,000 crores.
Most of these industries had got land between 300 sqmeter to 1,000 sq meter in the four industrial areas. The main rush was for Haridwar and Pantnagar where 32 acres and 75 acres of land was vacant. But most of the new proposals are only for Haridwar. For the rest of the industrial estates, there was hardly any interest shown by the industries.
Technically, the proposals should have been put before the empowered committee headed by the Industries Minister, who is its chairman. But since all the files related to these proposals were lying in the office of Chief Minister Ramesh PokhriyalNishank for clearance, Bhagat was finding it difficult to make any intervention.
But following a lot of pressure from certain quarters, the government finally cleared the new proposals without making any announcement.
By-
Sahaj Multiple Services
Real Estate Agent
Rudrapur
Uttarakhand: The Most Happening Industrial Destination
Uttarakhand: The Most Happening Industrial Destination
Gone are the days when Uttarakhand was just known as a tourist destination or a religious centre. Over the last one decade of its inception, the state has been gradually taking long strides towards becoming an ideal industrial destination as well. Ideal because of the conducive industrial, labour, social and administrative environment that has been created over all these years. Known for its peace loving people and warmth in hospitality, the region opened its arms to embrace the entrepreneurs from the rest of the country and even collaborators from abroad to be participants in the long march ahead on the path of development. The march has been inclusive in nature with everyone from the villager in the remote snow clad parts of the state to the top level official and the entrepreneur being an equal partner in the endeavor. The efforts undertaken together in the last decade have proved various myths about the possibility of industrial development in the region as futile. Not only has the industry sprouted here in the forms of different hubs, it has also excelled in terms of growth. The economic, social and emotional investments of the entrepreneurs has given them good dividends and the state can now proudly claim its place on the industrial map of India.
The growth of the state as a major educational and industrial hub has worked wonders as the two sectors have been acting as ideal characters complementary to each other. The industry on one side has been happy to recruit an ideally educated and professionally trained manpower in the different units thus providing ample scope of growth and employment to the local populace. On the other hand the educational institutions have mushroomed with the confidence that there is ample scope for their students in the widening employment opportunities being offered by the industry here. Gone are the days when the youth of the state had to meander along with the rivers to the plains to find their destination.
Uttarakhand as a state has lots to offer to the industry while playing a perfect host. The policy instruments in the offing are ideal for an entrepreneur to set shop here. The government has been moving towards providing single window clearances, information and facilitation. The district and state centres of State Industrial Development Corporation of Uttarakhand (SIDCUL) are there to provide all that an entrepreneur can ask for.
It is amidst such an ideal environment that the KGCCI has been playing a pivotal role in promoting the industry and the interests of the state as well as its people. Under the leadership of its ideal President Darbara Singh, the Chamber has been taking one stride after the other to make Uttarakhand the most happening industrial destination in the country. The KGCCI is a prestigious forum representing the interests of the industrialists in the youthful state of Uttarakhand. Since the inception of the state a mere decade back, the KGCCI has been amongst the pioneers of industrial growth drawing the industrial map in a state which was otherwise known for its tourism and agriculture potential.
Origin of KGCCI has been an outcome of a thought of a few dynamic entrepreneurs who wanted an organization to look after the interests of mercantile community. The new born state of Uttarakhand was then a tiny part of Uttar Pradesh where geographical, climatic and cultural environment was different from rest of the State.
KGCCI was established in the year 1988 and its office was located on the premises of Jindal Solvent Extraction, Kashipur. In 1997, it was shifted to rented office space at Old AnajMandi. The office is now situated in the Industrial Estate, Bazpur Road, Kashipur, Distt. Udham Singh Nagar (Uttarakhand) in self owned premises named CHAMBER HOUSE, since the year 1999. The erstwhile Hon'ble Chief Minister of the State Shri Narayan DuttTiwari inaugurated the CHAMBER HOUSE. The construction of a new building with appealing grandeur was inaungurated on March 30, 2006 by Hon'ble Minister, Health & Family Welfare, Uttarakhand State, Mr. Tilak Raj Behar.
Darbara Singh says, "The KGCCI with a crystal clear vision for betterment of industries of various shades is now taking a grant shape with gradually increasing its membership till date to 350." It has a considerable No. of industrial units in the Large Scale segment. KashiVishwanath Steels, SAM Cables & Conductors Pvt. Ltd., India Glycols Ltd. Century Pulp & Paper, Surya Roshni Ltd., Ester Industries Ltd., KhatemaFibres Ltd., Bajaj Auto Ltd., Perfetti Van Melle India Pvt. Ltd., Acme Telepower Ltd., Aurangabad Electricals Ltd., Endurance Technologies (P) Ltd., Sidharth Papers Ltd., Naini Papers Ltd., Prolific Papers Ltd., SRF Ltd., Polyplex Corporation Ltd., PasupatiAcrylon Ltd., Rudrapur Solvents, Steel Engineers, Britannia Industries Ltd., Parle Biscuits Pvt. Ltd., Bhaskar Energy Ltd., Escorts Ltd., Nestle India Ltd., Dabur India Ltd., HCL Infosystems Ltd., G. S. Pharmbutors, BHEL, H P India Sales Pvt. Ltd., Techno Electronics Ltd., Shri Ram Foundry Ltd., Mahindra & Mahindra Ltd., The Malt Co. India Ltd., Shirdi Industries Ltd., BOC India Ltd., Gujarat Ambuja Exports Ltd., Innovative Textiles Pvt. Ltd., The Paper Products Ltd., Flexituff International Ltd., Sansera Engineering (P) Ltd., Varroc Engineering Pvt. Ltd., Sundram Fasteners Ltd., Greenply Ltd., Packaging India (P) Ltd. are some prestigious industries to name.
"Over the years, the KGCCI has gradually come out of the shadows to emerge as a forum of interaction between the industry and officialdom. It provides a platform to industry and commerce of Uttarakhandforinteraction with the government officials of the State and Centre. For varied issues and interests industries, expert committees have been formed for specialized advice on different subjects, to name a few, company laws, taxations, finance and banking, custom & excise, conventional and non-conventional electricity, labour laws & human relations development etc.," asserts Darbara Singh. KGCCI has gained doubtless impeccable credentials over all these years. As a member of the several commissions, committees and councils it has active participation keeping in view the interests of industry and trade of the State.
By-
Sahaj Multiple Services
Real Estate Agent
Rudrapur
Gone are the days when Uttarakhand was just known as a tourist destination or a religious centre. Over the last one decade of its inception, the state has been gradually taking long strides towards becoming an ideal industrial destination as well. Ideal because of the conducive industrial, labour, social and administrative environment that has been created over all these years. Known for its peace loving people and warmth in hospitality, the region opened its arms to embrace the entrepreneurs from the rest of the country and even collaborators from abroad to be participants in the long march ahead on the path of development. The march has been inclusive in nature with everyone from the villager in the remote snow clad parts of the state to the top level official and the entrepreneur being an equal partner in the endeavor. The efforts undertaken together in the last decade have proved various myths about the possibility of industrial development in the region as futile. Not only has the industry sprouted here in the forms of different hubs, it has also excelled in terms of growth. The economic, social and emotional investments of the entrepreneurs has given them good dividends and the state can now proudly claim its place on the industrial map of India.
The growth of the state as a major educational and industrial hub has worked wonders as the two sectors have been acting as ideal characters complementary to each other. The industry on one side has been happy to recruit an ideally educated and professionally trained manpower in the different units thus providing ample scope of growth and employment to the local populace. On the other hand the educational institutions have mushroomed with the confidence that there is ample scope for their students in the widening employment opportunities being offered by the industry here. Gone are the days when the youth of the state had to meander along with the rivers to the plains to find their destination.
Uttarakhand as a state has lots to offer to the industry while playing a perfect host. The policy instruments in the offing are ideal for an entrepreneur to set shop here. The government has been moving towards providing single window clearances, information and facilitation. The district and state centres of State Industrial Development Corporation of Uttarakhand (SIDCUL) are there to provide all that an entrepreneur can ask for.
It is amidst such an ideal environment that the KGCCI has been playing a pivotal role in promoting the industry and the interests of the state as well as its people. Under the leadership of its ideal President Darbara Singh, the Chamber has been taking one stride after the other to make Uttarakhand the most happening industrial destination in the country. The KGCCI is a prestigious forum representing the interests of the industrialists in the youthful state of Uttarakhand. Since the inception of the state a mere decade back, the KGCCI has been amongst the pioneers of industrial growth drawing the industrial map in a state which was otherwise known for its tourism and agriculture potential.
Origin of KGCCI has been an outcome of a thought of a few dynamic entrepreneurs who wanted an organization to look after the interests of mercantile community. The new born state of Uttarakhand was then a tiny part of Uttar Pradesh where geographical, climatic and cultural environment was different from rest of the State.
KGCCI was established in the year 1988 and its office was located on the premises of Jindal Solvent Extraction, Kashipur. In 1997, it was shifted to rented office space at Old AnajMandi. The office is now situated in the Industrial Estate, Bazpur Road, Kashipur, Distt. Udham Singh Nagar (Uttarakhand) in self owned premises named CHAMBER HOUSE, since the year 1999. The erstwhile Hon'ble Chief Minister of the State Shri Narayan DuttTiwari inaugurated the CHAMBER HOUSE. The construction of a new building with appealing grandeur was inaungurated on March 30, 2006 by Hon'ble Minister, Health & Family Welfare, Uttarakhand State, Mr. Tilak Raj Behar.
Darbara Singh says, "The KGCCI with a crystal clear vision for betterment of industries of various shades is now taking a grant shape with gradually increasing its membership till date to 350." It has a considerable No. of industrial units in the Large Scale segment. KashiVishwanath Steels, SAM Cables & Conductors Pvt. Ltd., India Glycols Ltd. Century Pulp & Paper, Surya Roshni Ltd., Ester Industries Ltd., KhatemaFibres Ltd., Bajaj Auto Ltd., Perfetti Van Melle India Pvt. Ltd., Acme Telepower Ltd., Aurangabad Electricals Ltd., Endurance Technologies (P) Ltd., Sidharth Papers Ltd., Naini Papers Ltd., Prolific Papers Ltd., SRF Ltd., Polyplex Corporation Ltd., PasupatiAcrylon Ltd., Rudrapur Solvents, Steel Engineers, Britannia Industries Ltd., Parle Biscuits Pvt. Ltd., Bhaskar Energy Ltd., Escorts Ltd., Nestle India Ltd., Dabur India Ltd., HCL Infosystems Ltd., G. S. Pharmbutors, BHEL, H P India Sales Pvt. Ltd., Techno Electronics Ltd., Shri Ram Foundry Ltd., Mahindra & Mahindra Ltd., The Malt Co. India Ltd., Shirdi Industries Ltd., BOC India Ltd., Gujarat Ambuja Exports Ltd., Innovative Textiles Pvt. Ltd., The Paper Products Ltd., Flexituff International Ltd., Sansera Engineering (P) Ltd., Varroc Engineering Pvt. Ltd., Sundram Fasteners Ltd., Greenply Ltd., Packaging India (P) Ltd. are some prestigious industries to name.
"Over the years, the KGCCI has gradually come out of the shadows to emerge as a forum of interaction between the industry and officialdom. It provides a platform to industry and commerce of Uttarakhandforinteraction with the government officials of the State and Centre. For varied issues and interests industries, expert committees have been formed for specialized advice on different subjects, to name a few, company laws, taxations, finance and banking, custom & excise, conventional and non-conventional electricity, labour laws & human relations development etc.," asserts Darbara Singh. KGCCI has gained doubtless impeccable credentials over all these years. As a member of the several commissions, committees and councils it has active participation keeping in view the interests of industry and trade of the State.
By-
Sahaj Multiple Services
Real Estate Agent
Rudrapur
Taxing times ahead End of central industrial package has started to take its toll on state's industrial progress
Taxing times ahead
End of central industrial package has started to take its toll on state's industrial progress, reports Sahaj Multiple Services
For years region's economy was driven by tourism, agriculture and forest resources. But when Uttarakhand was created in 2000 then started industrial revolution in the state. Encouraging the same even central government announced the Central Industrial Package (CIP) for the state in 2003, along with Himachal Pradesh, J&K and the north eastern states. The central package, announced for the next ten years, included 100 per cent exemption of the central excise duty, 100 per cent income tax waiver for the first five years and 30 per cent for the next five years and 15 per cent rebate on capital subsidy on land and building and other infrastructure. Later on the central government curtailed the limit of the package from March 2013 to March 2010 for Uttarakhand and Himachal Pradesh, though the package still continues for the J&K and the states of the north east. With the announcement of the concessional package, the state saw heavy investment by many big industrial houses. Many national and multinational companies of repute such as the Hero Honda, Tata Motors, Mahindra & Mahindra, Hindustan Unilever, Birla Tyres, Bajaj Auto, ITC, Kirby, Luxor, Anchor Electricals and the Asai Glass, set up their units in the industrial estates developed by the State Industrial Development Corporation of Uttarakhand Limited (SIDCUL) in Haridwar, Dehradun and Udhamsingh Nagar districts.
Harendra Garg, the regional chairman of the Industries Association of Uttarakhand (Garhwal region) says that there has been investment in pharma, auto and other sectors for nearly Rs.30,000 crores. Nearly 2000 industrial units have started production, generating employment for more than one lakh persons since 2003. It was the boom time for industries in the state. "If the central industrial package had been extended beyond March, 2010, the momentum of industrial growth in the state would have got a further boost and we might have further attracted an investment of about Rs.20,000 crores which was in the pipeline," says S.C. Nautiyal, the additional director of industries in the state.
After announcement of the central package for Himachal Pradesh and Uttarakhand, there was gravitation of investors from the neighbouring states such as Punjab, Haryana and U.P., towards these states. The sources say that now states like Punjab and Haryana are demanding withdrawal of tax exemptions from Uttarakhand and Himachal Pradesh. The state chief minister, Dr. Ramesh Pokhriyal Nishank alleges that the centre is meeting out a step motherly treatment to Uttarakhand and Himachal Pradesh, since both these states are ruled by the party which is the main opposition at the centre. "Instead of increasing the time limit of the central package from the centre has curtailed its limit by 3 years, while the concessional package is still operational for the J&K and the north eastern states. UK is a new state and needs the concessional package for some more time, to consolidate our industrial base," says Nishank.
Inspite of the fervent pleas made by the state government time and again, the central government maintains a studied silence on the issue. There is a downward slide in the industrial development. Arun Saraswat, the president of the SIDCUL Industrial Association of Haridwar district says, "Though after the expiry of the industrial package, the central excise rebate has ended, the concessions like rebate in income tax still continue. However, there are many other problems which are adversely impacting the industrial units." Arun Raghav, the general manager (HR) of the ITC, one of the leading industrial units, says that the lack of proper infrastructure is the biggest problem. "Uttarakhand in itself is not a big market. Our main market is Delhi and other parts of north India. Proper road and rail connectivity is the most essential. The condition of the roads is not up to the mark and there are frequent traffic snarls.
For many days in the year, during the melas, the highways remain closed, obstructing the transportation of the goods," says Raghav. S.C. Sood, the vice president of the Birla Tyres and the president of the Thrust Industries Association, which include such giant units as Patanjali Food Park and the Asai Glass, says that the investors were lured to the state mainly because of the industrial package and the cheap and regular supply of power. "Now both these factors do not exist. The time limit of industrial package has expired. The rates of electricity for industry have also been hiked. To make situation worse there are power cuts for long hours. If we generate our electricity by our turbines and generators, the cost is very high. The small units are the worst sufferers due to erratic power supply." While the state government is blaming the centre for stagnation in industrialization, the opposition parties are passing the buck to the state government. "The state government has no vision for development. It is mainly the flawed policies of the state government which are responsible for the slump in the industrial sector," alleges Dr. Harak Singh Rawat, the leader of the opposition in the state assembly. While the blame game goes on, industrial growth suffers. The need of the hour to to find out solution of the problems afflicting the industrial sector in this young state.
By-
Sahaj Multiple Services
Rudrapur
End of central industrial package has started to take its toll on state's industrial progress, reports Sahaj Multiple Services
For years region's economy was driven by tourism, agriculture and forest resources. But when Uttarakhand was created in 2000 then started industrial revolution in the state. Encouraging the same even central government announced the Central Industrial Package (CIP) for the state in 2003, along with Himachal Pradesh, J&K and the north eastern states. The central package, announced for the next ten years, included 100 per cent exemption of the central excise duty, 100 per cent income tax waiver for the first five years and 30 per cent for the next five years and 15 per cent rebate on capital subsidy on land and building and other infrastructure. Later on the central government curtailed the limit of the package from March 2013 to March 2010 for Uttarakhand and Himachal Pradesh, though the package still continues for the J&K and the states of the north east. With the announcement of the concessional package, the state saw heavy investment by many big industrial houses. Many national and multinational companies of repute such as the Hero Honda, Tata Motors, Mahindra & Mahindra, Hindustan Unilever, Birla Tyres, Bajaj Auto, ITC, Kirby, Luxor, Anchor Electricals and the Asai Glass, set up their units in the industrial estates developed by the State Industrial Development Corporation of Uttarakhand Limited (SIDCUL) in Haridwar, Dehradun and Udhamsingh Nagar districts.
Harendra Garg, the regional chairman of the Industries Association of Uttarakhand (Garhwal region) says that there has been investment in pharma, auto and other sectors for nearly Rs.30,000 crores. Nearly 2000 industrial units have started production, generating employment for more than one lakh persons since 2003. It was the boom time for industries in the state. "If the central industrial package had been extended beyond March, 2010, the momentum of industrial growth in the state would have got a further boost and we might have further attracted an investment of about Rs.20,000 crores which was in the pipeline," says S.C. Nautiyal, the additional director of industries in the state.
After announcement of the central package for Himachal Pradesh and Uttarakhand, there was gravitation of investors from the neighbouring states such as Punjab, Haryana and U.P., towards these states. The sources say that now states like Punjab and Haryana are demanding withdrawal of tax exemptions from Uttarakhand and Himachal Pradesh. The state chief minister, Dr. Ramesh Pokhriyal Nishank alleges that the centre is meeting out a step motherly treatment to Uttarakhand and Himachal Pradesh, since both these states are ruled by the party which is the main opposition at the centre. "Instead of increasing the time limit of the central package from the centre has curtailed its limit by 3 years, while the concessional package is still operational for the J&K and the north eastern states. UK is a new state and needs the concessional package for some more time, to consolidate our industrial base," says Nishank.
Inspite of the fervent pleas made by the state government time and again, the central government maintains a studied silence on the issue. There is a downward slide in the industrial development. Arun Saraswat, the president of the SIDCUL Industrial Association of Haridwar district says, "Though after the expiry of the industrial package, the central excise rebate has ended, the concessions like rebate in income tax still continue. However, there are many other problems which are adversely impacting the industrial units." Arun Raghav, the general manager (HR) of the ITC, one of the leading industrial units, says that the lack of proper infrastructure is the biggest problem. "Uttarakhand in itself is not a big market. Our main market is Delhi and other parts of north India. Proper road and rail connectivity is the most essential. The condition of the roads is not up to the mark and there are frequent traffic snarls.
For many days in the year, during the melas, the highways remain closed, obstructing the transportation of the goods," says Raghav. S.C. Sood, the vice president of the Birla Tyres and the president of the Thrust Industries Association, which include such giant units as Patanjali Food Park and the Asai Glass, says that the investors were lured to the state mainly because of the industrial package and the cheap and regular supply of power. "Now both these factors do not exist. The time limit of industrial package has expired. The rates of electricity for industry have also been hiked. To make situation worse there are power cuts for long hours. If we generate our electricity by our turbines and generators, the cost is very high. The small units are the worst sufferers due to erratic power supply." While the state government is blaming the centre for stagnation in industrialization, the opposition parties are passing the buck to the state government. "The state government has no vision for development. It is mainly the flawed policies of the state government which are responsible for the slump in the industrial sector," alleges Dr. Harak Singh Rawat, the leader of the opposition in the state assembly. While the blame game goes on, industrial growth suffers. The need of the hour to to find out solution of the problems afflicting the industrial sector in this young state.
By-
Sahaj Multiple Services
Rudrapur
Some prominent industries of Uttarakhand
Some prominent industries of Uttarakhand are
The state of Uttarakhand was formed on November 9, 2000, by carving out 14 hilly districts of northern Uttar Pradesh. It is situated in the foothills of the Himalayan mountain ranges and shares its boundaries with Nepal in the east and China (Tibet) in the north. Uttarakhand is blessed with diverse geographical features, including snow–capped mountain peaks in the north and tropical forests in the south.
Uttarakhand also has diverse climatic conditions and all prominent climatic zones that make it conformable to various commercial opportunities in agriculture, floriculture, and horticulture.
Some prominent industries of Uttarakhand are:
1. Tourism Industry:
Uttarakhand, also known as the Land of Gods, has attracted tourists and pilgrims from across the globe. It also boasts of scenic hills, various holy shrines, and large forest cover that contribute towards boosting its tourism sector. The Uttarakhand government has an ambition of placing it on the global map as the topmost destination for environmentally “sustainable and socially responsible tourism”.
The tourism policy of the government aims at developing tourism as a prominent source of employment and revenue/income generation. The tourism industry is considered to be pivotal for social and economic development in the state.
2. Biotechnology:
Biotechnology is one of the most emerging thrust areas at the global level and is expected to make substantial contributions in environment management, agriculture, process industries, and human and animal health care. Uttarakhand hosts diverse flora and fauna culture and contains rare species of both animals and plants. This gives Uttarakhand a natural advantage in the biotechnology sector. The Uttarakhand government is establishing a high-level biotechnology board to pursue initiatives in the research field. Furthermore, the government has also decided to develop a biotechnology park, which will integrate all the resources and furnish a focused institutional setup, thereby accelerating the commercial growth of bioinformatics and biotechnology in India.
These are some factors that have made Uttarakhand a favorable destination for investors:
1. It is the first state in India to have developed a Tourism Development Board through legislation.
2. Uttarakhand is encouraging development of industrial parks, industrial estates, and growth centers in the state.
3. There is an abundant base of highly skilled human resources at affordable rates.
4. In Uttarakhand, there are many fiscal benefits offered on investments. These benefits include Concessional Industrial Package that is furnished by the state and the central governments.
5. It has a considerable hydro-potential (15,000 MW). Of this, only 1,124 MW have been realized so far.
6. A dedicated IT park is expected to be established in Dehradun, the capital city of Uttarakhand.
7. Uttarakhand has successfully attracted key industrial players including Mahindra & Mahindra, Atlas Cycle Ltd., Asahi India Glass, Britannia Industries Ltd., and LG Electronics India Ltd.
The state also has a vast pool of natural resources that adds to its attractiveness as a hot destination for investors, especially for the forest and tourism-based industries. The Uttarakhand government has set up the State Infrastructure & Industrial Development Corporation of Uttaranchal Ltd. (SIDCUL) to conceive, concretize, and contrive Uttarakhand’s industrial development. This corporation is a single window for the state’s various programs and schemes related to industry.
Uttarakhand, being a power-rich state, provides vast investment opportunities in production, transmission, and distribution of power.
Author Description :
Invest in India provides a platform for investors globally to learn more about the investment opportunities in India.
By-
Sahaj Multiple Services
Rudrapur
The state of Uttarakhand was formed on November 9, 2000, by carving out 14 hilly districts of northern Uttar Pradesh. It is situated in the foothills of the Himalayan mountain ranges and shares its boundaries with Nepal in the east and China (Tibet) in the north. Uttarakhand is blessed with diverse geographical features, including snow–capped mountain peaks in the north and tropical forests in the south.
Uttarakhand also has diverse climatic conditions and all prominent climatic zones that make it conformable to various commercial opportunities in agriculture, floriculture, and horticulture.
Some prominent industries of Uttarakhand are:
1. Tourism Industry:
Uttarakhand, also known as the Land of Gods, has attracted tourists and pilgrims from across the globe. It also boasts of scenic hills, various holy shrines, and large forest cover that contribute towards boosting its tourism sector. The Uttarakhand government has an ambition of placing it on the global map as the topmost destination for environmentally “sustainable and socially responsible tourism”.
The tourism policy of the government aims at developing tourism as a prominent source of employment and revenue/income generation. The tourism industry is considered to be pivotal for social and economic development in the state.
2. Biotechnology:
Biotechnology is one of the most emerging thrust areas at the global level and is expected to make substantial contributions in environment management, agriculture, process industries, and human and animal health care. Uttarakhand hosts diverse flora and fauna culture and contains rare species of both animals and plants. This gives Uttarakhand a natural advantage in the biotechnology sector. The Uttarakhand government is establishing a high-level biotechnology board to pursue initiatives in the research field. Furthermore, the government has also decided to develop a biotechnology park, which will integrate all the resources and furnish a focused institutional setup, thereby accelerating the commercial growth of bioinformatics and biotechnology in India.
These are some factors that have made Uttarakhand a favorable destination for investors:
1. It is the first state in India to have developed a Tourism Development Board through legislation.
2. Uttarakhand is encouraging development of industrial parks, industrial estates, and growth centers in the state.
3. There is an abundant base of highly skilled human resources at affordable rates.
4. In Uttarakhand, there are many fiscal benefits offered on investments. These benefits include Concessional Industrial Package that is furnished by the state and the central governments.
5. It has a considerable hydro-potential (15,000 MW). Of this, only 1,124 MW have been realized so far.
6. A dedicated IT park is expected to be established in Dehradun, the capital city of Uttarakhand.
7. Uttarakhand has successfully attracted key industrial players including Mahindra & Mahindra, Atlas Cycle Ltd., Asahi India Glass, Britannia Industries Ltd., and LG Electronics India Ltd.
The state also has a vast pool of natural resources that adds to its attractiveness as a hot destination for investors, especially for the forest and tourism-based industries. The Uttarakhand government has set up the State Infrastructure & Industrial Development Corporation of Uttaranchal Ltd. (SIDCUL) to conceive, concretize, and contrive Uttarakhand’s industrial development. This corporation is a single window for the state’s various programs and schemes related to industry.
Uttarakhand, being a power-rich state, provides vast investment opportunities in production, transmission, and distribution of power.
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By-
Sahaj Multiple Services
Rudrapur
SIDCUL proposes to denotify its IT-SEZ
SIDCUL proposes to denotify its IT-SEZ
With private players not too keen to develop the Special Economic Zones (SEZs) in Uttarakhand, the State Infrastructure andIndustrial Development Corporation of Uttarakhand Limited (SIDCUL) is also likely to follow suit.
According to top officials, since the export scenario has still not improved considerably, the corporation is now in favour of establishing a new IT hub in Dehra Dun through the Software Technology Park of India (STPI) route claiming the scope of profitability is much better and also the companies have the option of selling products in the domestic market. SIDCUL is now sending a proposal to the board of approval for de-notifying its Sahastradhara IT-SEZ project. SIDCUL has already put a proposal to this effect before its own board.
SIDCUL has in its kitty nearly 37 acres of land near its Sahastradhara IT Park, which is also still in the process of development here. In this 37 acres area, SIDCUL initially wanted to develop an SEZ. After the downturn in 2008, SIDUCL found it difficult to go ahead with the SEZ plan.
It is also in possession of land at Sitarganj in Kumaon region for similar projects. But the government is yet to take a final decision regarding both Sahastradhara and Sitarganj projects. Parsvanath and other private players have also discarded their SEZ proposals in the state.
“There is an impressive growth of the software exports by the units registered under the STPI. The growth rate is also growing despite the downturn witnessed two years ago. So STPI is far better option now,” said the official.
Uttarakhand, which is lagging behind several states in terms of software exports, can take lead in case STPI concept gets the finalnod from the government, the official added.
By-
Sahaj Multiple Services
Rudrapur
With private players not too keen to develop the Special Economic Zones (SEZs) in Uttarakhand, the State Infrastructure andIndustrial Development Corporation of Uttarakhand Limited (SIDCUL) is also likely to follow suit.
According to top officials, since the export scenario has still not improved considerably, the corporation is now in favour of establishing a new IT hub in Dehra Dun through the Software Technology Park of India (STPI) route claiming the scope of profitability is much better and also the companies have the option of selling products in the domestic market. SIDCUL is now sending a proposal to the board of approval for de-notifying its Sahastradhara IT-SEZ project. SIDCUL has already put a proposal to this effect before its own board.
SIDCUL has in its kitty nearly 37 acres of land near its Sahastradhara IT Park, which is also still in the process of development here. In this 37 acres area, SIDCUL initially wanted to develop an SEZ. After the downturn in 2008, SIDUCL found it difficult to go ahead with the SEZ plan.
It is also in possession of land at Sitarganj in Kumaon region for similar projects. But the government is yet to take a final decision regarding both Sahastradhara and Sitarganj projects. Parsvanath and other private players have also discarded their SEZ proposals in the state.
“There is an impressive growth of the software exports by the units registered under the STPI. The growth rate is also growing despite the downturn witnessed two years ago. So STPI is far better option now,” said the official.
Uttarakhand, which is lagging behind several states in terms of software exports, can take lead in case STPI concept gets the finalnod from the government, the official added.
By-
Sahaj Multiple Services
Rudrapur
New industrial proposals cleared by Uttarakhand
New industrial proposals cleared by Uttarakhand
State Industries Minister BansidharBhagat said that Uttarakhand government has cleared 25-26 proposals from the industries and the state would receive an investment of over Rs 400-500cr through these proposals.
ITC was the main beneficiary under the new allotment as it got nearly 8-9 acres of land at the industrial estate of Haridwar. Industries had submitted proposals to the State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (SIDCUL), a nodal agency for industrial development, to buy land at industrial estates of Pantnagar and Haridwar as well as at Pharma City and Sigaddi Growth Centre at Kotdwar.
By-
Sahaj Multiple Services
Rudrapur
State Industries Minister BansidharBhagat said that Uttarakhand government has cleared 25-26 proposals from the industries and the state would receive an investment of over Rs 400-500cr through these proposals.
ITC was the main beneficiary under the new allotment as it got nearly 8-9 acres of land at the industrial estate of Haridwar. Industries had submitted proposals to the State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (SIDCUL), a nodal agency for industrial development, to buy land at industrial estates of Pantnagar and Haridwar as well as at Pharma City and Sigaddi Growth Centre at Kotdwar.
By-
Sahaj Multiple Services
Rudrapur
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