Hooda govt eyes $130-bn economy in 10 years

Chief Minister Bhupinder Singh Hooda today announced Haryana had a vision to achieve a double growth rate and grow its economy from $30 billion (about Rs 138,000 crore) to $130 billion (about Rs 598,000 crore) in the next ten years. Hooda was speaking at the Assocham’s Summit on ‘Advantage Haryana – Land of Opportunities’ in New Delhi. Calling for greater engagement of private sector to upgrade infrastructure in industrial clusters Hooda said the state would facilitate land acquisition for this purpose. Hooda said the 135-km long Kundli-Manesar-Palwal expressway would facilitate connectivity of Haryana with important sea ports located in south, west and eastern parts of India. It offers new opportunities of development. Other initiatives included a cargo airport, upgradation of national and state highways, new inter-city connectivity and intra-city transport.

The state is also planning many infrastructure initiatives under the Delhi Mumbai Industrial Corridor project, he said. The industrial infrastructure is being strengthened through development of new industrial model townships and estates.

A report of Assocham states Haryana achieved 81 per cent implementation rate of pledged investments. Growth rate of economy in Haryana has been 9.9 per cent during 2009-10, which is higher than the national growth of 8 per cent. The plan outlay for the financial year 2011-12 stands at Rs 20,358 crore, which was Rs 2,342 crore for 2004-05.