Haryana to develop new Industrial Township
The Haryana government has announced that it would develop a new Industrial Township, spread in over 1,500 acres in Sohna and Manesar areas of Gurgaon, at a cost of $5 billion. An MoU for this was signed between the Haryana government and China Fortune Land Development (CFLD) Company in the presence of Chief Minister Manohar Lal Khattar in New Delhi recently. “The agreement was signed by Sudhir Rajpal, Managing Director, Haryana Industrial and Infrastructure Development Corporation (HSIIDC), and Jerry Zhao, President, CFLD Company, a state government spokesman said.
Khattar said that under the agreement, HSIIDC and CFLD Company would execute the project as a joint venture (JV). “The Chinese firm would develop infrastructural facilities, industrial units and residential and commercial projects in the township. Industrial units related to automotives and electronics would be established in this township. These projects would be completed within the next 10 years and would generate employment opportunities for lakhs of youth, besides making available state-of-the-art health and education facilities,” the chief Minister said.
Zhao said that the company had identified the required land in Sohna and Manesar area, and hoped that all formalities would soon be completed and work on the projects would begin by the end of the year. Over the last nearly 4 decades, Haryana has emerged as a favoured destination for industrial investment, given the proximity of the State to the National Capital Rgion (NCR).
The first big name to establish base in Haryana, Maruti Suzuki, piloted by Japanese car manufacturer Suzuki was a runaway success in early 1980s. The big names that have, over the years, lined up to invest in Haryana include Suzuki, Honda, Canon, Yakult, Denso, Mitsubishi, Toyo, Daikin, Yokohama, Showa, Nippon, Kansai Paints, Asahi, Stanley and many others. Most of the investment has been made in Gurgaon district.