Kandrori Industrial Area classified as next Pharmaceutical Hub of HP:CM

MoU with an investment of Rs. 100 crore signed for setting up Nutraceutical unit

Kandrori Industrial Area in District Kangra has been classified as the Pharmaceutical Hub of Himachal Pradesh. This was disclosed by Chief Minister Jai Ram Thakur here today and said that a lot of Pharmaceutical and Nutraceutical units have evinced interest in Kandrori Industrial Area in District Kangra.

Chief Minister said that Kandrori Industrial Area is strategically located on the border of Punjab and offers good connectivity by road, rail and air. He said that the State Government is emphasising on development and enhancing tempo of industrialization in Kangra region.

He said that Mefro Organic Ltd. signed an MoU today with an investment of Rs.100 crore for setting up a Nutraceutical unit in Kandrori Industrial Area, which would generate employment opportunities for around 200 persons. He said that earlier an MOU with an investment of Rs. 70 crore for setting-up a Greenfield project of Nutraceuticals with potential employment of 300 employees in Kandori Industrial Area has also been signed. Therefore, an investment of around Rs. 170 crore with employment opportunities for 500 persons has already been committed and further investment is expected in this region.

Chief Minister assured all round facilitation on behalf of State Government to the investors. He said that the state government is giving top priority to industrialization in the state, particularly in Kangra region and State Industries Department has been directed to take effective measures in this direction with an Investment Outreach Programme for attracting more investment in this region. He further added that the Industrial Development will not only provide impetus to the region’s economy but also generate employment opportunities for local youth.

Director Industries Rakesh Kumar Prajapati signed MoUs with investors on behalf of the State Government, who would be setting up unit in the Kandrori Industrial Area in District Kangra.

Managing Director of Mefro Organic Ltd. Amit Chadha signed an MoU on behalf of Mefro Organic Ltd.

General Secretary, Damtal Industry Association Subhash Mahajan on behalf the local industry lauded the efforts made by Chief Minister Jai Ram Thakur for developing lower Kangra area as an industrial hub as it has good accessibility and would generate employment opportunities for youth of the region.

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