Land alloted to UFSL at Bawal in Haryana

Chandigarh, Mar 11 (UNI) The Haryana State Industrial Development Corporation (HSIDC) has alloted land for projects involving an investment of Rs 121.5 crore, to manufacture automobile components, footware, and readymade garments at various industrial locations in the state.

Disclosing this here today , Managing Director of HSIDC Rajeev Arora informed that the 28,000 square metres of land had been alloted to UCAL Fuel Systems Ltd (UFSL), a company promoted by Carburettors Ltd, Chennai and Japan based Mikuni Corporation for setting up a new project for the manufacture of auto components at its Growth Centre at Bawal in Rewari district.

Mr Arora said the capital cost of the proposed project had been estimated at Rs 47.20 crore. At optimum capacity utilisation, UFSL would achieve a turnover of Rs 202 crore in the fourth year of its operation. The project was likely to go on stream by April 2007.

He said that the allotment had been made by a high level plot allotment committee constituted by the state Government under the Chairmanship of Financial Commissioner and Principal Secretary to Industries Department to consider the allotment of industrial plots to prestigious projects having an investment of Rs 30 crore and above.

He said that the allotment committee had also approved the allotment of ten acres of land in Growth Centre, Bawal to Pearl Global Ltd for their export oriented project to manufacture readymade garments with backward integration with a total cost of Rs 35.30 crore.

Another four acres of land had also been allotted to Relaxo Footwear Ltd in the Footwear Park being developed by HSIDC at Industrial Estate Bahadurgarh. The company proposed to manufacture light weight Hawai footwear in this unit involving a capital cost of Rs 39 crore.

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