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HSIIDC earns record gross income of Rs. 100 crore

CHANDIGARH: The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has earned the highest-ever gross income of Rs.100.90 crore during the just concluded financial year 2007-08 as per the provisional financial results, Managing Director Rajeev Arora said here on Wednesday.

He disclosed that this was a quantum jump of 76.87 per cent as compared to the previous fiscal. This growth had been made possible due to enhanced activities of the Corporation and better funds management, he added. The HSIIDC sanctioned term loans worth Rs.91.23 crore while the disbursement stood at Rs.57.10 crore during this period.

Mr. Arora added that the Corporation proposed to set up new industrial estates and infrastructure projects for which a land bank of about 17,000 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 IMTs at Manesar, Bawal, Barhi, Rai, Karnal and Saha industrial estates.

Also, 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 that the HSIIDC also proposed to provide housing for industrial work force in the State. 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. He added that 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.

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