Haryana CM promotes NRI investing in the State

Haryana Chief Minister Bhupinder Singh Hooda has taken active step in wooing NRIs to invest in the state, while also considering preferential treatment in allotment of land and other fiscal incentives for NRI realty investment.

Also on the agenda is the setting up of an NRI nodal office to attract
investment and assist NRIs abroad in doing business in the state, with
plans of allotting concessionary residential plots in valued locations
to settle them. Important industrial plots in key areas may be allotted
to assist NRIs in setting up their businesses.

Concluding his North American business promotion tour, he said that
the state was willing to consider tax concessions for NRIs akin to those
given by Himachal Pradesh and Punjab.

The Chief Minister has recently addressed a ‘Business Roundtable and
Networking Dinner’, organised by the Canada-India Business Council (C-IBC)
in tie up with the Indo-Canada Chamber of Commerce (ICCC) and the Confederation
of India Industry (CII).

Automobile and textile business executives
from India met their Canadian counterparts including the Magna Group
that has major plans for India.
The C-IBC plans to play an active role in fostering trade and investments
to and from Haryana outlining their future business plans.

Opportunities
available to overseas businesses in Haryana were also discussed.
Drumming up support for the state, he stated that Haryana has became
the number one producer of automobiles, home to top IT companies and
MNCs and a haven for textile industry. Recognizing the power problem
in the state, the government has embarked upon an ambitious power generation
program.

Photo: Lower Manhattan skyline from Upper New York Bay, 20231001 1031 0838 by Jakub Hałun, licensed under CC BY-SA 4.0, via Wikimedia Commons.