IOC, CONCOR get land allotment letters from Haryana govt
Officials of Indian Oil Corporation and Container Corporation of India on Friday received Regular Letters of Allotment (RLA) of land from Haryana chief minister Manohar Lal Khattar in connection with two of their projects coming up in the state.punjab Updated: Jul 03, 2015 14:50 IST
Officials of Indian Oil Corporation and Container Corporation of India on Friday received Regular Letters of Allotment (RLA) of land from Haryana chief minister Manohar Lal Khattar in connection with two of their projects coming up in the state.
The projects entailing a total investment of Rs 1,250 crore involve setting up of a Research and Development Project of IOC in Faridabad and Rail-linked Multi Modal Logistics Park (MMLP) of CONCOR near Ganaur. These will generate 7,100 jobs, a release said.
While IOC has been allotted 59.32 acres, some 37 acres have been marked for CONCOR to set up the projects.
Both, cleared by a high-level committee formed by the state government, are expected to generate revenue for the state exchequer and contribute to the economy, the release added.
The land allotment letters were received by Executive Director of IOC R Prabhu and CMD CONCOR Anil Kumar at a simple ceremony in Chandigarh.
IOC will invest about Rs 300 crore in the next two years and about Rs 900 crore by 2019. Among others, the company will set up solar and gasification plants, and bio-energy related units, the release said.
CONCOR will invest some Rs 350 crore for a domestic container and rail freight terminal with a warehousing facility to help the industry cut logistics costs and provide faster and cheaper access to ports, the release said.
CONCOR is a Navratna PSU incorporated in 1988. Besides providing inland transport by rail for containers, it has expanded to cover management of ports, air cargo complexes and cold-chains.
The CM expressed his resolve to develop Haryana as an industry-friendly state and said the New Industrial Policy will soon be announced.
Khattar invited both companies to set up more of their projects in the state.
First Published: Jul 03, 2015 14:48 IST