Rs 100 crore pact inked for setting up Nutraceutical unit at Kandrori

Shimla : Mefro Organic signed an MoU today with an investment of Rs 100 crore for setting up a Nutraceutical unit in Kandrori Industrial Area, which would generate employment opportunities to 200 people.

Kandrori Industrial Area in District Kangra has been classified as the Pharmaceutical Hub of Himachal Pradesh. Chief Minister Jai Ram Thakur said that a lot of Pharmaceutical and Nutraceutical units have evinced interest in Kandrori Industrial Area .

Kandrori Industrial Area is strategically located on the border of Punjab and offers good connectivity by road, rail and air.

Earlier an MOU with an investment of Rs 70 crore for setting-up a Greenfield project of Nutraceuticals with potential employment of 300 employees in Kandori Industrial Area has also been signed.

So an investment of around Rs. 170 crore with employment opportunities for 500 persons has already been committed and further investment is expected in this region.