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HP gets "most attractive investment destination" state award

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Press Trust of India New Delhi

The industrial investment in the state increased by 116 per cent in the year 2011-12 which is highest in the country, according to data collected by the Ministry from all over the country.

President Pranab Mukherjee today presented the award to State Chief Minister Prem Kumar Dhumal at a function organised by PHD Chamber of Commerce and Industry here today.

Dhumal said that during the past four years the state economy grew at an average rate of 8.3 per cent taking the GSDP of the state from Rs 33,963 crore in 2007-08 to Rs 63,084 crore in 2011-12.

He added that a result of the fast pace of growth the per capita income of the state is expected to increase from Rs 43,966 crore in 2007-08 to Rs 73,608 in 2011-12 which is 20 per cent higher than the national per capita income.

 

Dhumal said an investment of Rs 19,099 crore has been approved to be invested in the state by 5,775 industrial enterprises involving employment opportunities to 2.17 lakh persons since 2008.

During this period, four thousand four hundred and fifty industrial enterprises with investment of Rs 10,555 crore and employment to 59,665 persons have actually been established of which one hundred twenty two units are in the medium and large scale sector.

He said the state government has constituted a Land Banks comprising of government and private land for setting up of industries to attract investment in Himachal and to ensure easy availability of land to prospective entrepreneurs in various parts of the state.

  

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First Published: Dec 15 2012 | 10:45 PM IST

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