Ensure investments get fructified: Assocham to new Haryana govt

Says pace of implementation of investment projects needs to pick up to ensure all round development and job creation

Industry body Assocham today said BJP-led Haryana government has a job cut out in the state for ensuring investments of Rs 3.87 lakh crore in the pipeline get fructified, notably in construction and real estate.

While Haryana is among progressive states of the country, the pace of implementation of investment projects needs to pick up to ensure all round development and job creation, said the Assocham President Rana Kapoor in a statement.

Manohar Lal Khattar today took oath as Haryana Chief Minister, leading the first BJP government in the state since it was created 48 years ago.

With its proximity with the national capital, the new government should create many more Gurgaon type hubs of employment in different sectors like manufacturing, agro processing, health and education, said Kapoor.

According to an Assocham analysis, out of pending live investment which is under implementation in the state, the maximum of Rs 1.69 lakh crore relates to the services, followed by construction and real estate.

"We expect from the new state government a single window clearance for investors, especially for the real estate and manufacturing," said the Assocham chief.

Besides, a pragmatic policy with regard to labour reforms on the lines of Rajasthan and Madhya Pradesh will go a long way in attracting investment in the state, he added.