Haryana allots 4,502 sites, expects Rs 9,527 crore investment

Industrial plots valued at Rs 1,012.70 crore allotted in 8 months

The Haryana State Industrial Development Corporation (HSIDC) allotted 4,502 industrial plots or sheds valued at Rs 1,012.70 crore in various industrial estates from July 1999 to February 2004, according to an official spokesman.

These include 500 acres of land allotted to Maruti Udyog Ltd in the industrial model township at Manesar for the automobile company's proposed plant that will have a capacity to produce more than 30,000 vehicles a year.

The corporation spokesman said the projects to be set up on these plots were likely catalyse domestic and foreign investments of around Rs 9,526.87 crore and generate employment for about 225,000 people directly or indirectly.

The prominent companies, besides Maruti Udyog Ltd, allotted land during this period were Honda Motorcycle and Scooter India Private Ltd, Suzuki Metal India Ltd, Denso, Norcool, Mitsubishi Electricals, Sunbeam Steel Ltd (a company of the Hero Honda group), Barco, Johnson Matthey (India) Private Ltd, Bazter India Ltd, Stanley, Munjal Showa and Mussashi Auto, and Nerolac Paints, he said.

The corporation, he said, had sanctioned term loans to the extent of Rs 512.99 crore, of which Rs 283.96 crore had been disbursed during this period.

The corporation also made an investment of Rs 3.50 crore under the assisted sector scheme, he added.

The government has enhanced HSIDC's exposure limit under term lending to Rs 12 crore per project for the information technology and textile industry and Rs 10 crore for other projects, the spokesman said. That would mean the corporation would be able to finance bigger projects, he added.

The maximum limit for term loan assistance under the equipment finance scheme had also been enhanced from Rs 4 crore to Rs 5 crore per proposal, he said.

He said the corporation had drawn up an ambitious plan to set up new industrial estates at Bahadurgarh, Manesar Phase-II and III, Barhi Phase-II, special economic zones in Gurgaon, at the Ambala-Chandigarh road and Yamunanagar. The process to acquire land measuring about 6,500 acres for these projects had already been initiated, he added.

The corporation had also set up an overseas manpower bureau to help skilled, semi-skilled and professionally qualified workers to get overseas jobs. It will provide database and arrange interviews to help foreign delegates in selecting candidates.

The spokesman said Haryana had received foreign direct investment to the tune of Rs 3,132 crore and about Rs 4,800 crore was in the pipeline.