European Tech Park proposed for Faridabad

Chandigarh, June 9 (UNI) Mr Oedith Jaharia of Dutch-Haryana Business Consortium has approached the Haryana Government to set up an European Technology Park in district Faridabad at a cost of Rs 1450 crore and a Special Purpose Vehicle (SPV) was being incorporated for implementation of this project.

While stating this here today, a spokesman of Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) said that the project would come up over an area of 500 acres.

He said that the project aimed at attracting European companies for their research and development related activities in the fields of bio-technology, engineering, finance, pharma and other scientific areas.

He said that the project would bring foreign direct investment to the tune of 80 per cent of the total investment.

The project would be implemented in two phases over a period of seven years.

The developer has identified the land for setting up of the project and has submitted details of land measuring about 500 acres in village Manger in district Faridabad for demarcation.

He said that HSIIDC was developing technology parks and IT corridor at IMT Manesar in Gurgaon district, Panchkula and Rai in Sonipat district as per the campus development norms announced in the new industrial policy. Allotment has been made to 12 companies at Manesar technology park spread over an area of 140 acres and to 22 companies ranging between one and 10 acres for the first phase at Panchkula technology park spread over an area of 75 acres.

Prominent among thesem companies are--- T3 Infra Tech, HCL, Primrose, Agilent Technologies, Shapoorji Pallonji, Spice Communication, Rolling Construction, Parabolic Research and Haryana Infotech. Another technology park is being developed adjacent to the industrial estate at Rai in Sonipat. An area of about 56 acres of land has been earmarked for this purpose, he added.

He said that with a view to meet the ever increasing demand from the industry, some of the existing industrial parks at IMT Manesar, Bawal, Kundli, Barhi, Rai, Karnal and Saha were being expanded.

UNI HS VN1817