New industrial policy in Himachal to offer cheap power to investors: Sukhu

Chief Minister Sukhu has indicated that the state’s new industrial policy will be unveiled shortly. The announcement comes as the government seeks to lower electricity tariffs for businesses, a move intended to make the region more attractive to private investors.

The policy is being framed as a step to boost industrial growth in Himachal Pradesh. By reducing power costs, the administration hopes to encourage both existing manufacturers and new entrants to set up operations in the state, thereby creating jobs and expanding the local economy.

While specific details such as the exact level of tariff reduction or the timeline for implementation have not yet been disclosed, the chief minister emphasized that the policy will be introduced soon. He said the measure aligns with broader efforts to improve the ease of doing business and to support the state’s transition toward a more industrialised economy.

The development is likely to draw attention locally, given the significance of electricity costs for small and medium enterprises. Stakeholders in industry have long highlighted the need for affordable power to remain competitive, and the upcoming policy is expected to address that concern.

Overall, the announcement underscores the state’s intent to stimulate investment through a focused reduction in energy expenses, a strategy that could reshape Himachal’s industrial landscape in the coming months.

Source: Hindustan Times