Category Archives: Businessthe_content
Shimla : Nine new industrial proposals will be set up in Himachal Pradesh and 21 existing units will be expanded . All of them propose to bring in an investment of over Rs 707 crore .
This decision was taken late Saturday by the state level single window clearance and monitoring authority which met here under the chairmanship of chief minister P.K. Dhumal.
Today’s policy decisions are significant , but no other details were provided by the government spokesman .
Chandigarh: To attract Information Technology (IT) entrepreneurs to Punjab the government floated a venture capital fund with a corpus of Rs 20 crore today.
“The Punjab Infotech Venture Fund has been set up to help small and medium IT units,” said Tikshan Sud, minister for industries.
To manage the fund, Punjab Infotech had signed an agreement with Subhkam Ventures, a Mumbai based company, he added.
The venture fund has been put together by state PSUs Punjab Infotech. Punjab State Industrial Development Corp Ltd and Punjab Financial Corp in association with Small Industries Bank of India.
Sud claimed that IT and IT related software exports from Punjab had crossed a Rs 1000 crore turnover.
After the success of Mohali as an IT hub, the government has plans to develop IT parks in Kapurthala and Railmajra in SBS Nagar, he said.
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Shimla : The HP Khadi and Gramodyog Board has sponsored 196 projects worth around Rs 10.2 crore to various banks under the Prime Minister’s employment generation programme in Himachal Pradesh .
This was disclosed by the state industries minister Kishan Kapoor while addressing the board of directors of the board here Friday .
“A provision for disbursing margin money worth Rs 2.79 crore to entrepreneurs has also been made during the current financial year which would generate 1173 jobs ,” said the industries minister .
“In the last fiscal year 1475 persons benefited through 14 units under various activities like wool spinning and woollen cloth finishing ,” Kapoor said .