Haryana bets big on aerospace, defence sectors

Image
Press Trust of India Chennai
Last Updated : Feb 10 2016 | 8:22 PM IST
The Haryana government is betting big on aerospace and defense sectors and has allocated a vast tract of land to attract investors in the state, Chief Minister Manohar Lal Khattar said here today.
"We have a well established automotive sector in our state. Many of them are doing good business. In order to tap the aerospace industry and defence sectors, we have earmarked 27,000 hectares of land," he told PTI.
He was responding to a query on how the government was boosting various other industries in the state which was widely known for its pro-automobile reputation.
Noting that Haryana in terms of location was very close to Delhi and covered three regions of the national capital, he said, "In Hisar district about 4,000 acres have been alloted for maintenance, repair and overhaul in the aerospace sector."
"We recently called for bids for preparing a detailed plan (for tapping up this sector)," he said.
Khattar said his government would roll out sector specific policies during the two day Global Investors Summit conference scheduled to be held next month.
"We will be rolling out a Information Technology policy and Labour policy to give a further boost to industrial sector and to provide employability," he said.
On tapping the renewable energy sector, he said the government envisaged a plan to tap solar energy with a target generation of 2,000 MW by 2022.
"We will be launching solar energy policy and have set a target generation of power at 2,000 MW and the time-frame will be 2022," he said.
On auto major Suzuki's plans to set up a new plant in Gujarat, he said he met top company officials during his visit to Japan, who had promised to set up a new unit in Haryana.
"I visited Japan and met the MD of Suzuki. He assured me that they will set up another plant in Haryana."
Maruti Suzuki has a manufacturing facility in Haryana.
On setting up a Rail Coach Factory in his state, he said a Special Purpose Vehicle would be launched after his government signs an MoU with the Railways.
"We plan to establishing a rail coach factory and for that we will launch a SPV. We will also sign an MoU with the the Railways (Ministry)," he added.
Khattar said his government would also set up an Economic Advisory Council, comprising industry leaders and goverment officials, to lure investments and expedite clearance on projects.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 10 2016 | 8:22 PM IST

Next Story