Shimla, July 19 -- Chief Minister Sukhvinder Singh Sukhu said the Himachal Pradesh government is formulating a new industrial policy that will offer cheaper electricity to industries as part of efforts to attract investment and boost economic growth in the state.

Addressing the Chandigarh Leadership Conclave and the 23rd Annual General Meeting of TiE (The Indus Entrepreneurs) Chandigarh on Saturday evening, the Chief Minister invited entrepreneurs to invest in Himachal Pradesh, describing it as one of the country's most suitable destinations for investment. He assured investors that the government was committed to providing all necessary support and infrastructure.

Sukhu said the state ensured uninterrupted power supply and was introducin...