With 260 industrial entrepreneur memoranda (IEMs) in hand, the Haryana
government is trying to attract an investment of over Rs 4,000 crore.
Out of this, the government has envisaged NRI investment of Rs 150 crore
from 59 non-resident Indians (NRIs). All these NRIs have already been
allotted plots in the state. The government is also expecting equal
amount of investment from a leading textiles manufacturer that plans
to set up a cement grinding plant at Panipat. "This has been possible
due to consistent efforts by the government to provide better infrastructure
and congenial atmosphere to investors," said a senior official.
Sources in the government said the Aditya Birla Group is also setting
up a cement grinding unit at a cost of Rs 115 crore at Panipat. The
Adani Group of Industries plans to invest Rs 150 crore to set up an
inland container depot at Palwal. Besides, the government has offers
for foreign direct investment from various big industrialists, including
Rs 1,000 crore by Maruti Suzuki Vendors, Rs 650 crore by Suzuki Diesel
Plant, Rs 250 crore by YKK Expansion, Rs 125 crore by S. Diagnostic
Centre, Rs 115 crore by NTN and Rs 65 crore by Samsung.
The government has been successfully implementing the IEMs, though in
many cases IEMs fail to materialise into actual investment. However,
the state has still ranked first in the country in the implementation
of IEMs, with a percentage of 54 as compared to the all-India average
of 37 per cent. The infrastructure projects are likely to have two to
three times more investment as compared to that of industrial sector
in the next decade. A National Institute of Food Technology Entrepreneurship
and Management would be set up at Kundli with an investment of Rs 350
crore. A National Automotive Testing and Research Infrastructure Project
would also be set up at Manesar with an investment of Rs 400 crore.
The Central Institute of Plastic Engineering and Technology has started
partial functioning in a rented building at Panipat. The setting up
of the institute involved an investment of Rs 23 crore. With all this
in its basket, the Hooda government is aiming to give a major boost
to industrial investment in the state. "We are hopeful of further
improving our implementation graph of IEMs. Most of the proposals are
already under process and many of them have actually taken off in various
parts of the state," said a senior official.
