Rs 41,000 crore investment proposals in Haryana

Chandigarh, July 19 (UNI) Haryana has received proposals for a record investment of Rs 41,000 crore in industrial sector since the present government assumed office 16 months back in the state.

This is in contrast to the investment of Rs 40,000 crore made in the state since its inception in 1966. This was revealed in a meeting presided by Chief Minister Bhupinder Singh Hooda here to review functioning of the Industries and Commerce Department.

The record investment of Rs 41,000 crore included Rs 10,000 crore, which has already been invested, and additional project proposals, involving an investment of Rs 31,000 crore, which are under implementation.

The massive investment within a short period indicated the growing interest of the entrepreneurs in setting up their units in Haryana following creation of the industrial-friendly climate and a number of incentives being given under the new industrial policy.

The investment of Rs 10,000 crore, which has already been made in a year, included Rs 6000 crore by Indian Oil Corporation Limited, Rs 950 crore on account of implementation of 61 Industrial Entrepreneur Memoranda and Rs 600 crore invested in 25 large and medium units and 1000 small scale industrial units. The investment included about Rs 2000 crore invested under expansion programmes and foreign direct investment of Rs 300 crore.

While giving details of an investment of Rs 31,000 crore under implementation in the state, the Financial Commissioner and Principal Secretary, Industries, Mr P K Chaudhary, said, it included Rs 8,000 crore to be invested in Naphtha Cracker Plant of Indian Oil Corporation Limited, Rs 3,000 crore in IT parks and Rs 2,000 crore was envisaged for 40 prestigious projects, each having an investment of above Rs 30 crore. An investment of Rs 10,000 crore is envisaged from Maruti Udyog Limited and expansion of a number of ancillaries of Maruti, Hero Honda and Honda Motors.

He said an investment of Rs 2,000 crore was envisaged from 500 entrepreneurs who have been allotted plots by Haryana State Industrial and Infrastructure Development Corporation and Haryana Urban Development Authority.

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