Haryana gets record investment of Rs 25,000 cr

Chandigarh, July 6 (UNI) Haryana Chief Minister Bhupinder Singh Hooda today said the state has witnessed an unprecedented flow of investment to the tune of about Rs 25,000 crore ever since the new industrial policy was announced in the state in 2005.

''Projects with an investment of more than Rs 55,000 crore are also in the pipeline,'' Mr Hooda said after inaugurating an electric power steering manufacturing plant of Showa India Pvt Ltd in Faridabad today.

Mr Hooda said the state had received 82 proposals for setting up Special Economic Zones (SEZs) in Haryana with an investment of more than Rs 2,00,000 crore and employment potential for 20 lakh people.

Of these, 50 SEZs had been granted in principle approval or formal approval by the Centre. This also included the mega Special Economic Zone being established by Reliance Industries in a joint venture with Haryana State Industrial Infrastructure Development Corporation (HSIIDC).

The Corporation, he said, was acquiring about 20,000 acre of land for development of industrial estates or parks, new economic hubs, mega petrochemical hub, Industrial Model Townships, Theme Parks, Food Parks, Gems and Jewellery Park, Apparel Park or Textile Park, Foot Wear and Leather Garments Park.

This would generate large economic activities and employment, he added.

Mr Hooda said the manufacturing plant of Showa India Pvt Ltd was yet another milestone of Japanese collaboration in Haryana.

He said about 80 per cent of the total Japanese investment in India had been made in Haryana. ''This amply reflects the growing trust of multinational companies in our progressive policies, incentive based schemes, high quality infrastructure and above all the industrial friendly climate which we have created in the State during last 28 months.'' UNI