Uttarakhand CM Transfers Rs 90 Crore Subsidy to 40 Industrial Units

Dehradun: Uttarakhand Chief Minister Pushkar Singh Dhami on Saturday transferred a subsidy of Rs 90 crore to 40 industrial units under the Industrial Development Scheme. The amount was transferred to the accounts of the industrial units established in Uttarakhand under the Central Government's Industrial Development Scheme, 2017, which provides a subsidy of 30 per cent up to a maximum of Rs 5 crore on the investment made in plant and machinery to manufacturing and service sector units established in Uttarakhand and Himachal Pradesh.

Scheme for Promotion and Expansion of Industries

After transferring the grant amount, Dhami said that this is a very important scheme for the promotion and expansion of industries in the state. He thanked Prime Minister Narendra Modi and Union Commerce and Industry Minister Piyush Goyal for the grant of subsidy.

Uttarakhand Global Investors Conference

Dhami said that the state government is continuously making efforts to promote industries in Uttarakhand and the Uttarakhand Global Investors Conference is being organized in December to boost the sector. He said that in connection with this investor conference, meetings have been held with various investor groups in London, Dubai and Abu Dhabi in which investment agreements worth about Rs 55,000 crore have been signed.

He said that during this conference to be held in Dehradun on December 8-9, the state government will try to complete the work of implementing most of the agreements.