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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 in Village Malpur,Baddi, India- HotelsGDS.com provides you all the information and services related to your Group & holiday planning. Our Expert will guide you for your every need & organize group movement in an efficient way. It means you will save time, money & energy. Our Guide staffs are multi lingual, energetic & always curious to help you. You will feel as you are in your native place & enjoy your trip, holidays & weekend breaks as much as you think. We have the Best Hotel Rates, Best Holiday Packages / Tour Packages for Village Malpur, Baddi, India. Please send us inquiry so that we can send you the Best Hotel Rates, Best Holiday Packages.