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Baddi Introduction
Baddi in the Solon district of Himachal Pradesh is emerging as the pharmaceutical industry capital of India. More than half of India's pharmaceutical production, mainly formulations, would originate from Himachal Pradesh in few years as 200 odd medium and large-scale units are coming up in and around Baddi.
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 past 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.Read full descriptionRecommended Hotels & Deals near Nalagarh Highway,Baddi,IndiaHotel Area : Nalagarh Highway,BaddiHotel Gianz is a business-class property, which is ideally situated on Baddi-Nalagarh Highway. This 3-star hotel is known for providing warm hospitality with comprehensive range of amenities. The hotel is m......Hotel Area : Nalagarh Highway,BaddiHotel Le Mariet, Nalagarh, a property that strives hard to leave a lasting impression on guests offers good value for money experience. Reflecting pure luxury in its demeanor, the hotel stands distinguished......