March 07, 2007

Haryana - The Ultimate Hub for Entrepreneurs

Tireless efforts of Bhupinder Singh Hooda have brought to fruition a high growth wave for the state of Haryana. Government during its initial less than two years tenure, has made Haryana a hub of industrial investment and a land of special economic zones (SEZs). The progressive and visionary policies pursued by the Haryana Government, have enabled the state to attract handsome investments, both domestic and international. The demand for industrial plots has spiraled in Haryana. This is what has encouraged the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) to draw up plans to get hold of 1,700 acres of land in different parts of the state to develop more industrial parks. With loads of pressure and agricultural production peaking, industrial development can alone put Haryana in the high growth orbit and offer exclusive job prospects to thousands of people. Mr. Hooda took commendable initiatives to bring industrial revolution in the state even before taking over reins of the Government in March 2005. His government designed a new industrial policy-2005, targeting to achieve three pronged objectives: setting up high quality infrastructure base, opening fresh avenues of employment and bringing great industrial development by offering a conducive environ for potential industrial investors. After seeing the developments running so rapidly in Haryana, there is no doubt left regarding the state government hitting the bull’s eye. HSIIDC allotted as many as 1,425 industrial plots in different estates for projects which would be catalyzing domestic and foreign investments over 4,000 crore. Prominent names among these allotted lands include Suzuki Metal India ltd., Johnson Matthey (India) Pvt. Ltd., Nerolac Paints, Stanley, Mitsubhishi Electricals, and more. The Government has also allotted 600 acres of land to Maruti Udyog Limited for its expansion project at IMT Manesar. Source:indianrealtynews