Shimla: Union steel minister Virbhadra Singh today said the Union Government has agreed in principle to extend the duration of the special industrial package to Himachal Pradesh by one year. The incentive will expires in March next year.
“The Centre has agreed in principle to extend the industrial package by one year after its expiry on March 31, 2010,” Singh said at his residence. The HP government has been asking the Centre to restore duration of the industrial package granted to the state by the then Prime Minister Atal Bihari Vajpayee in 2003 to its original term of 10 years.
Singh said he along with Union industries and commerce minister Anand Sharma, had sought extention of the package by three years but due to “counter-pressure” from neighbouring states the Centre adopted a “middle-path” and decided to extend it initially for one year.