The Uttarakhand government has a target of attracting investment of Rs 30,000 crore by 2010, according to a new report.
During the current fiscal, the government is hoping to attract proposals worth Rs 10,000 crore, the report prepared by the state government said.
Besides this, the state has received proposals worth Rs 2,441 crore since March last year. In addition to this, investment proposals to the tune of Rs 1,710 crore have been received by the seven private industrial estates also.
The report assumes significance since the central industrial package is coming to an end by March 2010. The major incentives under the industrial package include income tax holiday and excise duty exemption for new and expanding units.
Meanwhile, talking to reporters, Chief Minister BC Khanduri said his government was giving priority to constructing new roads in the state. A budget of Rs 800 crore has been earmarked in this regard.
The report also highlighted the new power policy, saying Uttarakhand would give priority to local people for constructing hydro projects of up to 25 Mw in the hill state. Besides local people, priority would also be given to gram panchayats and co-operative federations in these power projects.
The report said four new small hydel projects had been proposed with the help of $41.6 million aid from the Asian Development Bank (ADB).
The government has announced a new hill industrial policy that gives exemption in stamp duty and power tariffs for setting up units in the hills.
In tourism, work on the Dehra Dun-Mussoorie ropeway project has started and it will cost Rs 580.30 crore. In this project, the distance between the two places will be reduced considerably.
Similar ropeways are also being constructed at Nainital and the Tungnath temple in Rudraprayag district.
