By IANS
Shimla : Factories that were shut down in New Delhi after a Supreme Court order in 2000 banned industrial units in residential areas, are being relocated in Himachal Pradesh.
As many as 28 factory owners from Delhi had applied for land in the hill state to open their units and benefit from tax holidays and surplus power. The state industries department has accepted their applications and agreed to allocate the land.
"The state government has already identified some 10,000 sq metres of grassland on the edge of Theog town, to allow 28 entrepreneurs to set up units," said a senior official of the department.
Theog is located on the Hindustan-Tibet road at an altitude of over 8,000 ft about 32 km from this capital city. The officials said the new factories are packaging, adhesive manufacturing and IT units.
An investment of about Rs. 500 million will be involved in setting up the 28 units, which are expected to generate at least 500 jobs.