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Investors to pump in Rs 1 lakh crore for setting up projects

gurgaon Updated: Apr 10, 2013 01:22 IST
HT Correspondent
HT Correspondent
Hindustan Times
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An array of industrial projects with an investment of about Rs 1 lakh crore is in the pipeline in Haryana.

According to the Haryana industries department, a large number of commercial units are likely to come up in the near future.

An official spokesperson of the department said that these projects included Lotte (Rs 300 crore), Nestle (Rs 250 crore), UIDAI (Rs 280 crore), Panasonic (Rs 1,200 crore), and Reliance Retail (Rs 500 crore).

"More than 4,150 industries which have been allotted plots by the HSIIDC (Haryana State Industrial Infrastructure Development Corporation) are expected to invest up to Rs 21,000 crore across the state," he said, adding that an investment of Rs 5,500 crore is envisaged from Maruti Suzuki/Suzuki Motorcycles alone.

While the Reliance-METCO project involves an investment of Rs 15,000 crore, about Rs 12,000 crore is expected to be spent in various power projects. Also, the 135-km Kundli-Manesar-Palwal Expressway is to be developed on BOT (build-operate-transfer) basis with an estimated cost of R1,200 crore for construction and R630 crore for land.

An economic corridor has been planned along this expressway where a number of townships/ hubs would be developed. Extension of Delhi Metro rail line to Faridabad and Bahadurgarh will cost about Rs 3,281 crore, the official said.

Besides, at least three early bird projects under the Delhi-Mumbai Industrial Corridor (DMIC) would involve huge investments. These include a mass rapid transit system between Gurgaon-Manesar-Bawal (Rs 30,000 crore), Global City Project, Gurgaon (Rs 6,000 crore), and Logistics Hub, Rewari, (Rs 3,000 crore).