Uttarakhand to set up new industrial estate at Lal Kuan.

With a draft industrial policy for micro, small and medium enterprises (MSMEs) being fine-tuned and the Centre extending a capital subsidy scheme, the Uttarakhand government is getting ready to set up a new industrial estate exclusively for the MSME sector at Lal Kuan in the Kumaon region.

An announcement to this effect had already been made by the former chief minister, Vijay Bahuguna, after the Centre extended the capital investment subsidy scheme under the special industrial package of 2003 for Himachal Pradesh and Uttarakhand with retrospective effect from January 7, 2013 until March 31, 2017.

The Cabinet Committee on Economic Affairs (CCEA) had put its seal of approval on the capital investment subsidy for the two states on January 15.

BS