State receives investments worth Rs 69,713 crore

Sushil Manav

Tribune News Service

Chandigarh, July 26

In pursuant to memorandums of understanding (MoUs) signed during the ‘Happening Haryana’ summit in Gurgaon in March this year, 109 projects worth potential investments of Rs 69,713.12 crore have so far landed in the state.

Construction work has already started on 13 projects worth investment of Rs 281.71 crore, while land has been allotted or purchased in the other 96 projects.

As many as 359 MoUs worth Rs 5.84 lakh crore were signed in the two-day summit held on March 7 and 8.

Later, 47 more MoUs were signed, making it a total of 406 MoUs worth Rs 6.41 lakh crore.

“Many more investors are coming forward to launch their projects for which MoUs were signed during the summit. Besides, the state government received 142 leads and proposals with potential to convert in MoUs. Once started, the projects will bring a large number of job opportunities for youth,” said Vipul Goel, Minister for Industries and Commerce.

Land developers and realtors count for the biggest share of investments (more than 90 per cent) the state has received so far.

Among the major investors to have landed in Haryana, according to sources, are DLF with potential investment of Rs 22,808 crore and employment potential of 24,400 workers, IREO with investment of Rs 11,100 crore and employment potential of 15,600 workers and Countrywide Promoters with investment of Rs 6,123 crore and employability of 48,552 workers. Most of these developers and realtors have procured land in Bawal or Faridabad. Besides, land has been allotted by the government for several projects in Bawal, Rai, IMT Faridabad, Kundli and Faridabad.

Prominent investors to have been allotted land for their projects are Mushashi Auto Parts with potential investment of Rs 428 crore and employment potential of 771 workers, Minda Kosei Wheels with investment of Rs 200 crore, Eglo India Production Pvt Limited Rs 200 crore, Hi Quality Foods and Beverages Rs 57.96 crore, Victoria Automotive Rs 30 crore, Diamond Footwear Udyog Rs 30 crore, Sneh Agri Food Rs 18.5 crore, Hi tech Ferrous and Non Ferrous India Rs 16.4 crore, Eppeltone Engineers Rs 15 crore, Modern Overseas Rs 12.85 crore and Printads Rs 10 crore.

Rest of the projects where land has been allotted by the government has investment potentials ranging from Rs 90 lakh to Rs 6.9 crore.