Haryana to get big ticket investments

Indian Synthetic Rubber Ltd has proposed to invest Rs 10,000 cr and Micromax is keen on a manufacturing unit

Haryana is on the cusp of getting big ticket investments from large corporates. The Finance Minister of the state Captain Abhimanyu told here today that Indian Synthetic Rubber Limited has proposed to invest Rs 10,000 cr in Haryana. The country's largest mobile handset manufacturer, Micromax, is also keen to have manufacturing unit in Haryana and senior officials of the company are having discussions with the state government officials, he apprised.

The state is contemplating of setting up a petro chemical complex as the petroleum companies HPCL (Hindustan Petroleum Corporation Limited) and IOL (Indian Oil Corporation) have evinced interst to invest in Haryana, told the minister.

"An investment of over $1 billion is in the pipeline from a real estate player of Japan. The state is giving final touches to the New Industrial Policy that should be announced by mid of July. As we put the draft proposal of our proposed New Industrial Policy on websites there were plethora of suggestions. We tried to incorporate as much as we could so it got delayed", he said.

The state expects to mobilise more investment after the formal announcement of the New Industrial policy.

The Government of India aims to improve ease of doing business in international market and Haryana too plans to improve on its own ranking to draw maximum investment.

The implementation of GST (goods and service tax) regime may create a dent on state's revenue so the state has sought some relaxations from the union government, he added.