Areas that saw Jat stir get Rs 1.46-lakh cr investment: Khattar

State to appoint relationship managers to convert commitments into projects

The letters of Intent signed by investors for areas grappling with the damage and destruction caused during Jat agitation has re-energised the state machinery, said Chief Minister Manohar Lal Khattar.

What paves the way for uniform development of all parts of the state is that as many as 39 MoUs worth Rs 1.28 lakh crore have been signed for the districts which do not fall in the National Capital Region. It shows that the investors are interested in setting up ventures even in the remote areas of Haryana which are otherwise industrially backward.

After receiving a staggering 5.84 lakh crore of investment proposals during the Investment Summit at Gugaon, Haryana has decided to hire experts to ensure the timely implementation of the projects. Chief Minister Manohar Lal Khattar today announced that for smooth execution of proposals the Haryana Satate Infrastructure and Industrial Corporation would appoint relationship managers to facilitate the investors and ensure implementation.

Arrangements have also been made for fast-tracking clearances and avoiding any inconvenience to the investors in setting up projects.

To facilitate implementation of the projects signed for in MoUs, land would be made available from the developed land bank. The HSIIDC has also started the system of online geo-referenced display to provide the investors information regarding vacant lands in the industrial estates. The state government would ensure uniform development of the entire state as MoUs have been signed for all districts.

Detailing the MoUs, Chief Minister said the state government had signed 357 MoUs during the summit and investment of Rs 5.84 lakh crore, which is five hundred times more than the target set, and far exceeds the expectations of the government. Investment of this order is expected to generate employment opportunities for about 5 lakh people.

Out of the total, 10% of the MoUs have been signed with multinational companies which underscored the fact that Haryana has become first preferred destination for investment. Moreover, it would result in flow of additional FDI in the state, he added.

Detailing the MoUs signed during the Summit, he said that 16% of MoUs had been signed for projects over Rs 1,000 crore and 30% for projects over Rs 100 crore. Realizing that MSMEs constituted the backbone of industrial development and enhanced job opportunities, 26% of MoUs belong to this sector. Haryana has become the first state of northern India to attract investment of such magnitude, he added.

Giving the break-up of each sector, Manohar Lal said that two MoUs had been signed for aerospace and defence sectors, 10 for education and skill development, 117 for manufacturing, 22 for real estate, 16 for Infrastructure, 48 for agro, food processing and allied industries, 39 for energy, renewable energy and solar parks, 35 for electronics, information technology (IT) and information technology enabled services (ITES), eight for pharmaceutical and chemical industry, 13 for auto, auto components and light engineering, 15 for textile, apparel, knitting, embroidery and technical textiles, nine for footwear and accessories and 23 in other sectors.