Haryana prepares to set up more industrial clusters | india | Hindustan Times
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Haryana prepares to set up more industrial clusters

india Updated: May 20, 2011 00:51 IST
Sanjeev K Ahuja
Sanjeev K Ahuja
Hindustan Times
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Haryana will develop 14 dedicated industrial clusters in various towns with 1,000 units each. Units for electronic goods, electrical engineering equipment and readymade garments will be located in Gurgaon, while units for automobile components and stone-crushing will be based in Faridabad. The state government is currently looking out for land.

These clusters are planned to be set up jointly with private players, following a public-private partnership (PPP) model.

The move came after the Associated Chambers of Commerce and Industry of India (Assocham) conducted a study recently in Haryana. It suggested not only to set up 14 industrial clusters but also to upgrade the existing six industrial clusters, including IMT Manesar.

Assocham chairperson (northern region) Lalit Khaitan said the Haryana government has accepted the proposal. “Each industry cluster will have 1,000 units and generate direct and indirect employment for four lakh people,” he said. The money needed to make this possible is Rs 450 crore, which will be raised through PPP.

“We have asked the Haryana government to get land for these clusters,” said Assocham secretary general DS Rawat. “The Haryana advantage is yet to fructify. We also approached the Union government for formal recognition as entrepreneurs will benefit with 20% reduced cost to set up units,” said Rawat.

Assocham’s roadmap
Assocham on Thursday unveiled a roadmap to boost investments in Haryana. It asked the state government to improve upon infrastructure and power supply to double its investment capability.

“Haryana is becoming a frontline state and the government is proactive,” said Khaitan. “This is evident from ongoing infrastructure development.”

The state's economy grew at an annual compounded rate of 9% between 2000 and 2001 and 2009 and 2010 against a national average of 8.7%. The state has investments worth Rs 4,27,000 crore in 2010 compared to Rs 3,54,845 crore in 2009. “We congratulate Haryana for its success in achieving impressive economic growth rates on a sustained basis,” added Khaitan.

Assocham will hold ‘Invest Mart’ at Le Meridian in New Delhi on May 28, where 300 investors from abroad will meet to explore investment possibilities in Haryana. CM Bhupinder Singh Hooda will also attend.