Biggies of Gujarat to invest in Himachal

Leading investors of Gujarat, including food and beverage companies, Rasna Pvt Ltd and Vadilal Industries Ltd, are betting big investment in Himachal Pradesh.
Biggies of Gujarat to invest in Himachal

Leading investors of Gujarat, including food and beverage companies, Rasna Pvt Ltd and Vadilal Industries Ltd, are betting big investment in Himachal Pradesh.

According to a report of IANS, Rasna has expressed its interest in setting up a food park in the state, while, popular ice cream maker, Vadilal Industries Ltd has proposed to commission an agro processing unit in the serene hills of Himalayas.

Reportedly, Piruz Khambatta, Chairman and Managing Director, Rasna, recently met a visiting delegation led by Chief Minister Virbhadra Singh to propose the idea of setting up a mega food park in the state.

He said the apples of Himachal Pradesh were better in quality than those of China, says the IANS report. He also expressed his keenness to invest in a joint venture with the state government and proposed to launch a soft drink named ‘Rasna Himachal’.

Likewise, Vadilal, known to be the second Ice Cream manufacturing group after Amul, having three manufacturing units in the country, wants to open a processing unit for canned agro products for both veggies and potatoes, said sources.

Significantly, pharmaceutical major Torrent Group is seeking state government’s permission to set up a second facility with a proposed investment of Rs200 crore. So far, the Torrent Group has invested Rs.325 crore in the state.

Officials said the group has also shown interest in setting up mega hydropower projects. The chief minister asked the company to submit its proposal by Dec 15.

Moreover, Adani Agrifresh, Business Head, Srinivasa Ramanujam, has invested Rs200 crore in the state cold stores, has expressed interest in commissioning another store in Kullu area for storing 15,000 tonnes of apples.

The report was disclosed after the investor’s meet in Ahmedabad which was the last meeting in the first phase, organised by the Himachal government in association with CII.

The previous meetings were held in Mumbai and Bangalore.

Official data unveils that the picturesque state of Himachal Pradesh has received maximum investment from 2003 to 2010 when there was a special industrial package of the Union Government.

The report clarifies that most of the investments were made in sectors like pharmaceuticals, food processing, textiles, packaging and light engineering.

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