Golden Infocon to invest Rs 150 crore in Uttarakhand

DEHRADUN: Golden Infocon Pvt Ltd will invest Rs 150 crore in Uttarakhand under the state government's industrial promotion programme SIDCUL Phase-II, providing indirect employment to 1,000 people.

Principal Secretary (Industrial Development) Rakesh Sharma, who signed the MoU on behalf of the state, said this would give an impetus to SIDCUL and create 1,000 indirect jobs.

An MoU in this regard was signed today between the state government and the company in the presence of Chief Minister Vijay Bahuguna, who said it was part of the state government's efforts to accelerate the pace of industrial development in the state.

Fifty per cent relaxation on stamp duty and one per cent on central trade tax will be given under this investment project, Sharma said.

Food processing and other industrial units would be set up to create opportunities of employment for local people, said Golden Infocon Director Gaurav Mittal.