Industrial Investment in Haryana on the rise

Haryana’s industrial growth is gathering pace with rising investor interest, expansion of Industrial Model Townships and development of modern industrial facilities, creating fresh opportunities for investment and employment.

Industrial areas developed by the Haryana State Industrial and Infrastructure Development Corporation are being shaped as integrated industrial ecosystems with industry, trade, logistics and worker amenities.

Amit Agrawal, commissioner and secretary, industries and commerce department, said industrial investment in Haryana was steadily increasing due to the special efforts of chief minister Nayab Singh Saini.He said the state was emerging as an important investment destination for Indian and global companies.

A high-level Haryana delegation led by the chief minister recently visited Singapore to attract foreign investment and facilitate new industries. This is expected to create direct jobs and employment in transportation, storage, supply chains, maintenance, construction, security, catering and other support services, he said.

Agrawal said six major IMTs have been developed in the state. These include IMT Manesar (over 4,000 acres), IMT Rohtak (over 3,600 acres), IMT Bawal (over 3,300 acres), IMT Kharkhoda (over 3,200 acres), IMT Faridabad (over 1,800 acres) and IMT Sohna (over 1,500 acres). Roads, power, water, logistics, industrial plots and other facilities have been provided to help companies set up operations, he added.

Major investors include Maruti Suzuki, which is investing Rs 18,000 crore on 800 acres; ATL Rs 7,000 crore on 178 acres; Aditya Birla Group Rs 1,140 crore on 70 acres; Toyota Boshoku Rs 400 crore on 21 acres; Amul Rs 300 crore on 10 acres; Denso Rs 570 crore on 37 acres; Flipkart Rs 1,300 crore on 140 acres; Faiveley Transport Rs 200 crore on five acres; Uflex Rs 300 crore on 14 acres; and Uno Minda Rs 11,000 crore on 94 acres.Several other companies, including Yamaha, Escorts, Whirlpool, Indian Oil, Asian Paints, JCB, Honda, Harley-Davidson, Sun Pharma, Panasonic, Duracell, Benetton, Hero, Goodyear, DLF, Yokohama, Google, Tata, Nestle, Microsoft, Motorola, Samsung, Osram, Airtel, Su-Kam and Bharat Electronics, are also establishing projects in Haryana, said Agrawal.

He said industrial expansion benefits MSMEs, local businesses and the service sector along with large industries. Govt is focusing on plug-and-play facilities, clear land titles, single-window assistance, better connectivity, ready-built sheds, warehouses, employee housing, hospitals, commercial centres, skill development centres and startup facilities.Additional land has been identified for expansion at Kharkhoda, Kosli, Bawal and Sohna, while skill centres and a Rs 500-crore Saksham Fund will support industrial infrastructure, said Agrawal.

Source The Times of India