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Haryana attracts Rs.41,000-crore investment

Special Correspondent

This shows the growing interest of entrepreneurs in the State, says Chief Minister Hooda

CHANDIGARH: Haryana has received a record investment of Rs. 41,000 crores in the industrial sector since the Congress Government assumed office 16 months ago, Chief Minister Bhupinder Singh Hooda said here on Wednesday.

Presiding over a meeting to review the functioning of the State Industries and Commerce Department, he said that the State had been able to attract investment of only Rs. 40,000 crores since its inception in 1966. He said that the record investment of Rs. 41,000 crores included Rs. 10,000 crores already invested while additional project proposals, involving an investment of Rs. 31,000 crores were under implementation.

Mr. Hooda said that this massive investment within a short period was indicative of the growing interest of entrepreneurs in setting up their units in Haryana, "thanks to the industrial-friendly climate and incentives being given under the present Government's new industrial policy".

Giving details of the investment of Rs. 31,000 crores, the Financial Commissioner and Principal Secretary, Industries, P.K. Chaudhary, said that it included an investment of Rs. 8,000 crores in the naphtha cracker plant of the Indian Oil Corporation, Rs. 3,000 crores in IT parks under implementation and Rs. 2,000 crores in 40 prestigious projects.

An investment of Rs. 10,000 crores was envisaged from Maruti Udyog Limited, Hero Honda and Honda Motors. Also, an investment of Rs. 2,000 crores was envisaged from 500 entrepreneurs who had been allotted plots by the Haryana State Industrial and Infrastructure Development Corporation and the Haryana Urban Development Authority. Moreover, an investment of Rs. 4,117 crores was envisaged from 260 entrepreneurs who had filed Industrial Entrepreneur Memoranda (IEM) with the Union Government to set up their industrial units in Haryana. It was for the first time that such a large number of IEMs had been filed in a year, he claimed.

An investment of Rs. 150 crores was envisaged from 59 non-resident Indians who were allotted plots and an equal amount from Grasim Industries. The Aditya Birla Group was also setting up a cement grinding unit at a cost of Rs. 115 crores in Panipat. The Adani Group of Industries would invest Rs. 150 crores to set up an inland container depot at Palwal. Also, the proposals of foreign direct investment included Rs.1,000 crores by Maruti Suzuki Vendors, Rs. 650 crores by Suzuki Diesel Plant, Rs. 250 crores by YKK Expansion, Rs. 125 crores by S. Diagnostic Centre, Rs. 115 crores by NTN and Rs. 65 crores by Samsung, he added.

About the setting up of special economic zones, he said that an investment of over Rs. 1,50,000 crores had been envisaged in 50 SEZs in infrastructure alone with a huge employment potential. And 35 SEZs had been approved in principle by the Union Government and these included the SEZ being set up by Reliance Industries Limited at Gurgaon and Jhajjar, an SEZ by DLF Universal Limited at Gurgaon, a SEZ by DLF Universal Limited at Ambala and another SEZ by Unitech Commercial Limited at Kundli.

Mr. Hooda said a National Institute of Food Technology Entrepreneurship and Management would be set up at Kundli with an investment of Rs. 350 crores. A National Automotive Testing and Research Infrastructure Project would also be set up at Manesar with an investment of Rs. 400 crores. He said exports from the State had touched Rs. 25,000 crores in 2005-06 as against Rs. 20,000 crores in 2004-05.

The number of large and medium units had increased from 162 in 1966 to 1271 in March 2006 and small scale industrial units from 4,500 to 80,000 during the same period.

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