Baddi industrial hub of Himachal


Baddi is an industrial town and a nagar panchayat in the Southwestern Solan District of Himachal Pradesh, a hill state of northern India. The town lies on the border of Himachal Pradesh and Haryana states in the Shivalik Hills, around 35 kilometres west of Solan. Chandigarh, a union territory and the joint capital of Punjab and Haryana, is around 40 kilometres west of Baddi.
Baddi is a leading industrial centre of Himachal Pradesh, being part of an industrial corridor stretching from Barotiwala to Nalagarh along the western border of Solan district.
As of 2001 India census,GRIndia Baddi had a population of 22,592. Males constitute 75% of the population and females 25%. Baddi has an average literacy rate of 76%, higher than the national average of 59.5%; with 82% of the males and 18% of females literate. 11% of the population is under 6 years of age.

Many Indian companies are now seeking to relocate operations to Baddi because of tax concessions being offered by the Central and State governments.

The fortunes of Baddi began to change with the visit of the then Prime Minister to Uttranchal and Himachal Pradesh during March 29 and 31, 2002, where he announced tax and central excise concessions to attract investments to special category states.

The major attractions for investors included 100 per cent outright excise duty exemption for a period of ten years from the date of commencement of commercial production (the recent budget stipulated it to industries starting on or before 31st march 2007), 100 per cent income tax exemption for an initial period of five years and thereafter 30 per cent for companies for a further period of five years, capital investment subsidy of 15 per cent on plant and machinery subject to a ceiling of Rs 30 lakhs, applicable also to existing units

The schemes are also available for existing units going in for expansions. The identified thrust sectors included non-polluting pharma and herbal products. Besides, the State Government also announced a slew of attractive investment schemes, including single window clearance for projects.

For details visit http://www.pharmabiz.com/article/detnews.asp?articleid=26395&sectionid=50

Interested in Job at Baddi:

Visit employment exchange website :
http://admis.hp.nic.in/emp/main.aspx
Baddi industrial hub of Himachal Baddi industrial hub of Himachal Reviewed by Admin on 5:47 AM Rating: 5

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