Great Investment Opportunity / Largest Pharma Manufacturing Hub of Asia
BADDI (Himachal Pradesh) has got the distinction of becoming Largest pharma Manufacturing Hub of Asia. All the major Pharma Companies of the country have set up their latest state od Art Manufacturing facilities in Baddi and most of them are USFCA complaint.
Apart from Pharma units, most of the FMCG have aslo set up their units. Then tere are large number of textile units. The area has also got from Automobile units like TVS Motors Ltd.,Indo Farm Tractors Ltd. There are about 300 Large & Medium Scale Units (list enclosed) and about 1500 Small Scale units i.e. 1800 units are already in production. There are about another 200 Large & Medium Scale units and about 1000 SSI units which are at various satge of implementation. These unit are expected to commence production by April, 2008. Terefore by April, 2008 about 3000 units will be in production. The Govt. of India has recently extended the date from 31st March , 2007 to 31st March, 2010 for setting up the units.
These units will be eligible for :
100% excise exemption, 100% Income tax exemption U/s 80 IC, Cash Capital Subsidy of uptoRs. 30.oo lacs, 90% Central Transport Subsidy, accessional CST 1%. Beside this the Power rate is very cheap i.e. Rs. 1.90 per unit plus excise duty. Due to availably of these incentives it is expected that atleast another 2000-2500 companies will set up their unit in and around Baddi.It is estimated that salary of about 250 crores per month is being disbursed at present which is likely to go upto 600 crores per month by end of year 2010.
Population
At present there are about 65000 effluent Families living in Baddi/Nalagarh and the member is likely to go upto 125000 by year 2012.
Therefore the expected middle class population in and around Baddi town shall be about 540000 persons.
This is apart from the unskilled labour which is estimated at 400000 by 2012.
Therefore by conservative estimates, Baddi / Nalagarh and adjoining area will have population of about 10 lacs by 2012.
Thus we believe that it is the right time to enter this virgin territory because of two main reasons :
Rs. 600 Crore untapped market per month by 2010.