Hindustan Petroleum Corporation Limited (HPCL) has received the green signal from the Central government to set up an ethanol plant in the Una district by investing Rs 500 crore, reports Thenewshimachal.
The plant is expected to generate direct and indirect employment for around 300 individuals and would boost the life of farmers and residents in Kangra, Hamirpur, Bilaspur and neighbouring parts of the state.
The plant is expected to generate an annual income of around Rs 20 to Rs 25 crore and would help in increasing the revenue of the state.
The state government has supported the drive to increase ethanol production by pledging to invest 50% equity in the ethanol plant. The district administration has been asked to speed up the land acquisition process for the approach road from Bhanjal to help the company construct the plant smoothly.
