Haryana Government lures NRIs with Attractive Schemes

Haryana is all set to woo NRI’s to invest maximum in the state. Haryana
Chief Minister has declared 10 per cent reservation of plots in all
its industrial estates for NRIs, which is quite a lucrative offer.

Speaking on the same in Chandigarh Mr Hooda revealed that their government
has reserved 10 per cent of industrial plots in all industrial estates
for allotment to NRIs and foreign direct investment (FDI) projects so
that non-resident Indians can play a key role in accelerating the pace
of development in the state.

In his effort to get maximum investment from the NRIS, Hooda had visited
the US and many European and East Asian countries in the last two years.

Since the announcement of New Investment Policy in 2005, Haryana has
witnessed an unprecedented flow of investment of around Rs 280 billion.
Mr Hooda said that Rs 680 billion would be invested in the state.

”A tremendous response was generated among NRIs and foreign investors
during my trips to the US and European countries last year as a result
of a new socio-economic revolution being ushered in Haryana by our government,”
he said.

The US-India Business Alliance (USIBA) last week held a meeting with
Hooda in New Delhi to discuss a proposed American technology park to
be set up in the state. A number of US-based NRIs have shown interest
in investing in the technology park.

Photo: Road through paddy fields in rural Haryana, India by UnpetitproleX, licensed under CC BY-SA 4.0, via Wikimedia Commons.