In order to inject a world class look to the congested cities in Himachal Pradesh the state government has decided to allow foreign direct investment (FDI) in real estate sector as the move not just provide a facelift to these towns but also ensures greater employment opportunities to the youth of the hill state. In this connection the government is contemplating to develop new satellite townships on the outskirts of cities including Shimla, Solan, Dharamsala and Mandi, Town and Country Planning and Urban Development Minister Sudhir Sharma in a recent statement said, adding that these towns have very dense population and there is no scope for further expansion and are facing problems of traffic chaos and water shortage. The townships in question would be developed by allowing foreign direct investment (FDI) in the state's real estate sector. These projects would be taken up by way of forging public private partnership (PPP) in joint with Himachal Pradesh Urban Development Authority (HPUDA) for which the state cabinet is expected to give green signal very shortly. Prior to this, the concerned minister in the Food and Civil Supplies department had already announced that international retail giants Wal-Mart and Metro Cash and Carry would be allowed to open stores in the state.
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