Haryana clears land for 19 new projects worth R2,000 crore

HT Correspondent, Hindustan Times
Gurgaon, January 24, 2012 Email to Author

The Haryana government has cleared the land allotment of 19 industrial projects worth R2,000 crore. The High Powered Plot Allotment Committee set up by the state government has cleared the allotment of about 100 acres of land in various industrial estates developed by the the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC).

The allotments have been finalised for various projects in IMT Manesar, Growth Centre Bawal, IMT Rohtak, Rai, Barhi, Kundli and Bahadurgarh industrial estates, said Rajeev Arora, managing director, HSIIDC.

He said all the 19 projects will involve an investment of about Rs 2000 crore.

"While these projects would lend depth and range to the industrial scene in Haryana, the entrepreneurs investing their funds in the fast-growing economy of Haryana, would be the ultimate gainers, for they would get an opportunity to grow in a state whose economy has exhibited much resilience even during the recession period,” he said adding that the state offers ample scope for investment to domestic as well as foreign investors.

The companies which have been sanctioned plots include AISIN, Nippon Carbide and Asti of Japan; Kerry of Ireland and Pepsico of USA. Besides, companies such as Luminous, Lumax, Century Metal, Roulound Brakings, JD Engineering, and Toyo Springs have also been allotted plots.

The projects to be set up on the allotted plots encompass diverse fields such as automobile components, water purification equipment, fabric and garments, food and pharmaceutical ingredients, ready-to-eat cereals/foods, electrical components and dairy products.

About 26 acres of land has been allotted to Pepsico India at Barwala/Manakpur for setting up a bottling unit for non-alcoholic beverages. The project would be set up with an investment of Rs 1,000 crore.