The Haryana government on Wednesday set up a new company Haryana Mass Rapid Transport Corporation which would offer transport services like taxi cabs, lorries, station wagons and airplanes.
The Haryana council of ministers, which met under the chairmanship of chief minister Bhupinder Singh Hooda, also approved Rs 100 crore in funds for the company which would also have paid-up capital of Rs 10 crore.
The company would run taxi cabs, lorries, buses, cars, trucks, station wagons, airplanes, motors, railways, rail motors, vessels, boats and all other vehicles of whatsoever kind from one place to another as inter-city or intra-city services or BRT feeder bus services for carrying or conveying and transporting for efficient running of mass transit system.
The equity participation of the state would be 51%, that of Huda (Haryana Urban Development Authority) would be 29% and of Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) would be 20%. The chairman and managing director of the company would be a senior serving or retired officer not below the rank of secretary to the government.