HSIDC gets term loan proposals worth Rs 116 crore

Chandigarh, May 6 (UNI) The Haryana State Industrial Development Corporation (HSIDC) has received concrete term loan proposals worth Rs 116.38 crore during its recent business contact programme at New Delhi.

HSIDC Managing Director Rajiv Arora said the projects, when implemented, were likely to catalyse an investment of over Rs 250 crore besides generating a number of employment opportunities and revenue for the state.

The major projects accepted in this meet included textiles, automobile components, sports and leather goods, readymade garments, packaging and electricals. .

He said this was the highest ever term loan business generated by the Corporation in a single business meet which spoke volumes about the confidence reposed in the HSIDC by the industry in Haryana.

Mr Arora said the programme received an overwhelming response and representatives from 27 companies including many prospective entrepreneurs and prominent industrialists discussed their financial assistance proposals in this meet.

The HSIDC would organise business meets in all the important towns of Haryana on regular basis in the near future.

UNI MA PV KN1530