'Haryana expects 50 billion dollar investment in a decade'

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Chandigarh, Jan 17 (UNI) Haryana Chief Minister Bhupinder Singh Hooda today said Haryana envisaged a target investment of 50 billion US dollars within a decade which would generate employment opportunities for over one million people.

''It is indeed going to be Destination Haryana all the way during the coming years,'' Mr Hooda said while addressing the delegates at the National Council Meeting of the Confederation of Indian industry at Gurgaon.

He said two to three more Gurgaons in the vicinity of Delhi would be added to give further thrust to the infrastructure.

Showcasing Haryana as an ideal investment destination, the Chief Minister said that as per the recently published database report by the Centre for Monitoring Indian Economy, Haryana was ranking atop among all the Indian states with per capita investment at Rs 78500 up from the rank about three years ago.

With just 1.37 per cent of country's geographical area and 1.97 per cent of the total population, the state today had achieved the distinction of having the highest per capita income in the country, he added.

The Chief Minister said that Haryana had achieved a growth rate of 10 per cent last year and the target for the 11th Five Year Plan had been kept at 11 per cent.

Also buoyed by the success of the previous years, the plan outlay of Rs 6400 crore for the financial year 2008-09 had been proposed as compared to Rs 5300 crore of current financial year, the Chief Minister added.

Mr Hooda said that Haryana with its unique strategic advantages offers world class residential and commercial facilities along with the cosmopolitan ambience because of a large number of multinationals.

The effort had been to strike a harmony between social industrial and residential infrastructure, he stated.

Presenting the thrust of the State Government on the holistic development of the state, the Chief Minister said that economic development of a state could not be sustained without ensuring the development in all sectors of the economy.

The present State Government had carried out an elaborate review of these sectors, identified key areas of concern and had devised strategies to meet the challenges of all the sectors to ensure overall growth of the state.

Earlier, CII president Sunil Bharti Mittal said Haryana was poised for a big time growth considering the conducive atmosphere for a sustainable growth of trade and industry.

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