The Haryana State Industrial & Infrastructure Development Corporation Limited (HSIIDC) has completed acquisition of about 3,000 acres of land and another 3,000 acres are likely to be acquired by the end of the current fiscal year.
This was disclosed here by Managing Director of the corporation Rajeev Arora, IAS, while highlighting the performance of the corporation during the current financial year and plans for the next financial year. He informed that the major acquisitions during the financial year so far included 1,800 acres for Industrial Model Township (IMT) Rohtak, 300 acres for IMT Manakpur, 250 acres for industrial estate, Karnal, 350 acres for industrial estates, Rai and 107 acres for the Kundli-Manesar-Palwal Expressway for interchanges and railway sidings.
He added that further acquisitions of 3,000 acres till March 31, 2010 would include 679 acres for growth centre, Bawal, 651 acres for expansion of industrial estate, Barhi, 159 for provision of utilities in IMT Manesar and 1,500 acres for a greenfield industrial estate at Sohna in Mewat. He further informed that these acquisitions would involve a capital layout of about Rs 1,840 crore. He also said the corporation was in the process of inviting applications for allotment of plots in the industrial estate, Kundli (Phase V) and the industrial estate/agricultural implements park at Karnal.
Despite the adverse market conditions that have hit the overall business sector during the last two years, HSIIDC’s performance has been improving, as can be seen from the financial during these years, which has shown an increasing trend. During the last financial year 2008-09, the corporation achieved its highest ever net profit at Rs 44.88 crore as against Rs 35.47 crore during the previous financial year 2007-08, which was also the highest ever then. Similarly the turnover of the corporation in the financial year 2008-09 was Rs 146.82 crore as compared with the turnover of Rs 106.35 crore during 2007-08. A dividend of Rs 7.5 crore was also given by the corporation to the state government, besides a contribution of Rs 5 crore towards the Chief Minister’s Relief Fund.
Buoyed by the success, the corporation was working on drawing massive plans for acquisition of land during the next financial year. Major acquisitions during the period are likely to include 3,325 acres for IMT Manesar, 568 acres for Industrial Estate Barwala and 123 acres for IIDC Sirsa. Development works of a few major projects that are likely to be completed during the next year include IMT Rohtak, IMT Faridabad and Industrial Estate Mewat.
With respect to the Delhi Mumbai Industrial Corridor project, Arora informed that delineation of the boundaries of the manesar Bawal Investment Region (MBIR) has been finalised in consultation with the DMIC consultants and that location of the two Early Bird projects of the state under the Delhi Mumbai Industrial Corridor project namely the Exhibition cum Convention Centre and the Integrated Multi-Modal Logistics Hub, had been finalised.
