<h1>India's Himachal Pradesh Seeks Industrial Incentives Extension; NITI Aayog to Develop New Policy for Himalayan States.</h1> The Government of India initially announced an industrial incentives package for Himachal Pradesh in 2003, which was extended until March 2017 with modifications. The modified package included a Capital Investment Subsidy of 15% on plant machinery investments, capped at Rs. 30 lakhs. The Himachal Pradesh government requested a five-year extension of the subsidy and a review of the discontinued Freight Subsidy Scheme 2013 to boost state investment. A committee led by NITI Aayog was formed to develop a new industrial policy for North Eastern and Himalayan states. The first committee meeting took place on February 23, 2017, in New Delhi.