Himachal Pradesh will soon introduce a new industrial policy to further improve the investment climate, Chief Minister Thakur Sukhvinder Singh Sukhu has said while addressing CEOs and entrepreneurs at Peterhoff, Shimla. During the interaction, 37 MoUs worth ₹10,000 crore (~$1.11 billion) were signed.
The Chief Minister assured uninterrupted 24-hour power supply to industries at the lowest possible rates, reduction in logistics costs, faster resolution of issues related to Section 118 and strengthened industrial infrastructure. He reiterated the state’s push towards green industrialisation, renewable energy, artificial intelligence and rural industrialisation.
Himachal Pradesh has secured investment commitments exceeding ₹5,000 crore (~$680 million) as part of sustained investor outreach and the Him MSME Fest 2026, Sukhu had said earlier at the fest.
The event was not merely an exhibition but a strong platform to promote HIM Brand and ‘Made in Himachal’ products globally, enabling artisans, women entrepreneurs, start-ups and rural MSMEs to access national and international markets. The three-day fest, organised by the Industries Department, concluded on January 05, 2026.
The Chief Minister said the state government’s engagement with investors in industrial hubs such as Dubai, Japan and Mumbai has translated into tangible outcomes. Apart from MoUs exceeding ₹5,000 crore, 683 industrial projects worth ₹14,000 crore have already been approved, with employment potential for around 32,000 people.
He added that 107 start-ups have been launched in the past three years, while 407 more are at various stages of establishment. Proposals worth ₹1,642 crore have also been submitted to the central government to strengthen rural MSMEs, of which ₹09.34 crore has been approved so far.
“Him Fest would prove to be a milestone in connecting Himachal Pradesh’s MSME sector with markets, investments and modern technologies globally as reflects from its theme 'The Craft of the Hills on the Global Stage,” said Sukhu.
ALCHEMPro News Desk (HU)
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