HSIIDC records highest gross income at Rs 100.90 cr

Chandigarh, Apr 2 (UNI) Haryana State Industrial and Infrastructure Development Corporation has earned the highest ever gross income of Rs 100.90 crore during the financial year 2007-08 as per the provisional financial results.

While stating this here today, HSIIDC Managing Director Rajeev Arora said that this was a quantum jump of 76.87 per cent as compared to the previous fiscal. "This growth has been made possible due to enhanced activities of the Corporation and better funds management," he added.

He said that the term loan activity of the Corporation also achieved a significant growth during the year and the Corporation sanctioned term loans to the tune of Rs 91.23 crore. The disbursement stood at Rs 57.10 crore during this period.

He said that the Corporation had drawn an ambitious plan for setting up new industrial estates and infrastructure projects for which a land bank of about 17000 acres was being created. The investment outlay on providing infrastructure for these projects would come to Rs 12,000 crore.

Prominent amongst these projects included KMP Expressway, Industrial Model Townships at Rohtak, Kharkhoda, Faridabad and Jagadhari and expansion of IMT Manesar, Bawal, Barhi, Rai, Karnal and Saha industrial estates.

In addition to this, dedicated theme parks were being developed which included Food Parks at Rai and Saha, Apparel Park at Barhi, Footwear Park at Bahadurgarh, Textile Cluster at Panipat, Auto Parts Cluster at Gurgaon, Light Engineering Goods at Faridabad, Agricultural Implements at Karnal and Technology Parks under campus development norms at Panchkula, Rai and Manesar, Mr Arora said.

The Corporation had also drawn an ambitious plan to provide housing for industrial workforce in the state, he said, adding that the first such project was being set up at IMT Manesar where 192 single room dwelling units and 36 dormitory units were being constructed for allotment to the fully operational industrial projects in IMT Manesar.

To provide cost effective work place to the small scale entrepreneurs, the Corporation had decided to construct flatted factories for the first time in Haryana.

The first such project was being set up at Sector-59, Faridabad for industries involving stream specific lightweight machinery, he said and added that as many as 42 units with a covered area of 926 sq ft per unit were being constructed for the first phase of the project. These factories would be allotted on freehold basis. The tentative cost per unit had been fixed at Rs 28.50 lakh under deferred payment scheme.

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