Pact inked to set up ammunition unit in Himachal

Shimla : A  Memorandum of Understanding (MoU) worth Rs 5000 crore  was signed between the State Government and SMPP Private India Ltd  in the presence of Himachal Pradesh Chief Minister Jai Ram Thakur here today regarding setting up of ammunition manufacturing facility in the state for tanks and artillery guns.

The MoU was signed by Director Industries Rakesh Prajpaati on behalf of the Himachal governmeng and Managing Director S.C. Kansal on behalf of the SMPP Private Limited. This industrial project would provide direct and indirect employment to 8500 people.

The state Industries Minister Bikram Singh, Additional Chief Secretary Industries Ram Subhag Singh, Additional Chief Secretary J.C. Sharma, Joint Director, Industries  Naresh Sharma,  Executive Director, SMPP Private India Ltd. Ashish Kansal and other senior officers were also present during MoU signing ceremony.