The land of the factory is being purchased at Rs 45 lakh per acre, and the state government would get the possession by February 2015, Hooda said addressing a gathering in 'Abhinandan Samaroh' at Charkhi Dadri here.
He said that the industrial estate would provide employment opportunities to local people.
"I am emotionally attached with and indebted to Dadri, and I will make earnest efforts to develop the area," he said.
Hooda said farmers whose lands had been attached by cooperative banks due to non-payment of loans but still had the possession, could get their land back by clearing the dues.
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Those farmers who could not avail the power bill waiver scheme, could take the advantage by paying their dues up to December 31, 2014, he said.
Taking on rival party leader Om Prakash Chautala, Hooda said the former Chief Minister claimed to be farmer-friendly, but had "never taken" any farmer-friendly decision.
The Congress government had waived off arrears of electricity bills of farmers amounting to Rs 1,600 crore, interest of cooperative banks amounting to Rs 443 crore and crop loans of farmers amounting to Rs 2,100 crore, he said.
Hooda assured the people that he would bring water from Bhakra for farms in this area through the BML Hansi-Butana canal.