The commerce and industry ministry sanctioned these projects under the IIUS to be implemented at the pharma and allied industries clusters at Baddi and Barotiwala in district Solan. These projects will be developed for the first time under the IIUS in the state and an SPV has been floated for implementation of the scheme.
As per information out of the total cost estimate of Rs 82.3 crore, the CETP will cost around Rs 54 crore, 13 km of new industrial roads will cost Rs 17.24 crore and the skill development center will involve investment of Rs 8.1 crore. The balance amount will be spent on various other operations related to the projects.
The Centre will provide funds to the tune of Rs 60 crore, the state government Rs 7 crore and Rs 15.2 crore will be industry contribution. An association official told FE, We have also received one-third of the funds from the central government for carrying forward the development of these projects. An amount of Rs 17.48 crore has been released for the same by the center. We are now in the process of collecting the industry contribution. On the other hand companies are being shortlisted for carrying out the environment impact study and we shall finalise one shortly.