State to have two mega projects

Tribune News Service

Chandigarh, July 3

Chief Minister Manohar Lal Khattar today handed over regular letters of allotment (RLA) of land to set up a research and development project of Indian Oil Corporation Ltd. (IOCL) at the Industrial Model Township (IMT), Faridabad, and the rail-linked logistics park of Container Corporation of India Limited (CONCOR) in the Industrial Estate, Barhi (Sonepat).

Both these projects involving a total investment of Rs 1,250 crore will generate employment for 7,100 persons.

The RLAs were received by IOC Executive Director R. Prabhu and CMD of CONCOR Anil Kumar here today.

Resolving to develop Haryana as an industry-friendly state, Khattar said the new industrial policy would be announced soon. The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) had allotted 59.32 acres of land to IOCL and about 37 acres to CONCOR to set up their projects.

India’s flagship oil company. IOCL will invest about Rs 300 crore in the next two years and about Rs 900 crore by 2019. Out of 59.32 acres of land allotted to IOCL, the company will utilise 43.74 acres of land for setting up a demonstration scale manufacturing plant, including pilot plants based on their technology and CARE facilities viz. solar plants, gasification plants, bioenergy-related units etc. The land measuring 15.58 acres will be used for laboratories, research facilities, administrative facilities, visitors’ centre and academic activities.

CONCOR would set up its project with an investment of Rs 350 crores for ICD/dry port, domestic container terminal and a rail freight terminal with a warehousing complex in the Sonepat-Gannaur-Panipat area falling on the Delhi-Ambala-Kalka section of Northern Railway to facilitate reduction in logistics costs of industry in the area and provide EXIM trade faster and cheaper access to the north-western and western gateway ports.