Haryana attracts investment of Rs 5.84 lakh crore by signing 357 MoUs

 CHANDIGARH, MARCH 9
With 357 MoUs under the belt for a total intended and well dispersed investment of Rs 5.84 lakh crore, and potential for five lakh jobs, Haryana has become the first state in north India to attract investment of such magnitude, and has emerged as the first preferred investment destination.
          While the multi-sectoral MOUs augur well for uniform development of all parts of the state, the presence of 12 countries and a large number of investors, especially MNCs, at the two-day Happening Haryana Global Investors’ Summit-2016 which concluded in Gurgaon yesterday, underscores their faith in the policies and functioning of the present government.
          This was stated by the Haryana Chief Minister, Mr Manohar Lal, while counting the major takeaways from the Summit at a press meet here today.
          Keen on converting the MOUs into projects, he said that the HSIIDC 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.
          Buoyed by the overwhelming success the first such Summit has been, he said the second Summit would be held in 2018. The state government would ensure uniform development of the entire state as MoUs have been signed for all districts.
          Answering a query if investment had come to the agitation affected districts of the state, Mr Manohar Lal said that as many as 37 MOUs had been signed for setting up 19 projects with an investment of Rs 1.46 lakh crore in the three affected districts of Sonepat, Jhajjar and Rohtak.
          Detailing the MOUs, the Chief Minister said that the state government had signed 357 MoUs during the Summit for a total potential investment of Rs 5.84 lakh crore, which far exceeds the expectations of the government. Investment of this order is expected to generate employment opportunities for about 5 lakh people.
          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.
         Out of the total, ten per cent 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.
           Since Haryana is committed to strengthening the infrastructure sector, 40 per cent of MoUs have been signed for manufacturing projects. The state government would go out of the way to make the ambitious project ‘Make in India’ of the Prime Minister, Mr Narendra Modi, a success. Ancillary units will be set up near major projects to accelerate the pace of development, and generate job opportunities. It is with this end in view that we have focused our main attention on the setting up of mega projects, said Mr Manohar Lal.
           Detailing the MoUs signed during the Summit, he said that 16 per cent of MoUs had been signed for projects over Rs 1,000 crore and 30 per cent for projects over Rs 100 crore. Realizing that MSMEs constituted the backbone of industrial development and enhanced job opportunities, 26 per cent 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, Mr Manohar Lal said that two MoUs had been signed for Aerospace and Defence sector, 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.
          The investors have reposed faith in the industry-friendly environment developed by the present Haryana Government. The presence of such large number of investors at the Summit indicates that they have faith in the policies and functioning of the present government.
          Mr Manohar Lal said that the Central Ministers, who came to the Summit, made several announcements for the state. The Union Minister of Urban Development, Housing and Urban Poverty Alleviation and Parliamentary Affairs, Mr Venkaiah Naidu, announced that 18 districts of the state would get funds under AMRUT scheme of the Central Government.
          The Union Railway Minister, Mr Suresh Prabhu, announced that a rail coach factory would be set up over 120 acres. The Minister of State for Petroleum and Natural Gas, Mr Dharmendra Pradhan, announced setting up of downstream industries by expanding the Panipat oil refinery.
          The Union Minister of State for Atomic Energy and Space, Mr Jitendra Singh, announced investment of Rs 21,000 crore for setting up a nuclear power plant. The Union Defence Minister, Mr Manohar Parrikar, said that a public sector project for defence would be considered. The Union Minister for Micro, Small and Medium Enterprises, Mr Kalraj Mishra, said that 15 tool rooms were being established in the country and the tool room in Haryana would soon be inaugurated.
          The Union Minister for Road Transport, Highways and Shipping, Mr Nitin Gadkari, announced construction of Metrino Personal Rapid Transport System from Delhi-Haryana border in Gurgaon to Rajiv Chowk and Sohna Road (Badshapur Chowk), apart from other projects linked with National Highways.
          Mr Gadkari said that Rs 980-crore Detailed Project Report of this project had been prepared. It would be similar to the Airborne Personal Rapid Transit system. Besides, Mr Gadkari announced that the road from Dwarka in Delhi to 'Khedkidola of Gurgaon would be declared National Highway.  He disclosed that Mr David Lelliot of UK Health Care Companies agreed to investm Rs 1,000 crore in the state on health facilities.
          Apart from this, Mr. Gadkari said that nine National Highways at a cost of Rs 8,000 crore were announced earlier for Haryana. He said that the work on Haryana’s first waterway from Palla in Sonepat to Wazirabad in Delhi would begin soon. He announced that the work on the Rs 18,000 crore Delhi-Jaipur Expressway would start by the end of this year. About 70 km stretch of this Expressway, which passes through Delhi, Haryana and Rajasthan, lies in Haryana.
          He announced that Delhi-Amritsar-Katra Expressway would be constructed. This 45,000 crore expressway would pass through the States of Delhi-Haryana-Punjab and Jammu and Kashmir. The length of the project in Haryana is about 170 kilometers and it would considerable reduce the travelling time, he added.
          The Union Minister also announced to construct bypass of Gurgaon linking National Highway-236 (Mehrauli-Gurgaon) with NH-8 and link between NH-8 (near Ambiance Mall) and NH-236 (Mehrauli-Gurgaon road).  The construction of this bypass and link would decongest NH-8 and Gurgaon city. Apart from this, he also announced that a sum of Rs 160 crore would be spent on the improvement of junction near the Ambiance Mall in Gurgaon.
          Mr Gadkari announced that   Rs 285.57 crores would be spent on the improvement of junction at Rajiv Chowk, Gurgaon  on Delhi Gurgaon Expressway, Rs 263.41 crores on the improvement of junction at Signature Chowk in Gurgaon and Rs 386.34 crores for improvement of junction at IFFCO chowk. He said that the westerly bypass of Kundali-Manesar-Palwal Expressway (KMP), would be completed within 343 days. It will greatly reduce the traffic and pollution of Delhi.
          Chairman of Dalian Wanda Group, Mr. Wang Jianlin, said that his group would invest to provide employment opportunities to 1.5 lakh to 2 lakh youth. Japanese Ambassador to India, Mr. Kenji Hiramatsu, said that Japan would invest US $ 30 billion for Japanese Integrated Industrial Township at Jhajjar. Managing Director, Panasonic India and South Asia, Mr. Manish Sharma, said that his company would establish Lithium-ion Battery manufacturing plant in Jhajjar Technopark. Mr. Naresh Trehan said that set up a medical school and 1,000-bed. Yoga guru Baba Ramdev announced to make investment of Rs 5,000 crore. Chairman, Essel Group and ZEE, Mr. Subhash Chandra announced investment to build 20,000 affordable housing units in Haryana. Managing Director, Sun Pharmaceutical, Mr. Dalip Shanghvi, said that his company would set up a pharma training centre in Gurgaon. Executive Vice-chairman, DLF, Mr. Rajiv Singh, said that DLF would invest Rs 20,000 crore over the next five to 10 years. Chairman, ITC, Mr. Y.C. Deveshwar, said that ITC would invest Rs 550 crore in the field of food
 processing.
          As many as 11 parallel sectoral sessions were held during the two-day Summit which were addressed by Union Ministers, State Ministers and renowned industrialists. These included ‘Make in Haryana: Manufacturing Competitiveness’, ‘Investment and Business Opportunities in Sunrise Sectors’, ‘Education, Skill Development and Sports: Developing Human Resources to Realise the vision of Make in Haryana’, ‘MSMEs: The Backbone of Haryana’s economy’, ‘Smart Villages: Bridging Urban–Rural Divide’, ‘Re-energizing the Agri-Business: Untapped Potential of Haryana’, ‘Partner Countries Session with Ambassadors and High Commissioners, People’s Republic of China, the United Kingdom, Republic of Korea, Japan, Mauritius, Czech Republic, Spain, Poland, Peru, Malawi, Tunisia, New Zealand’, ‘Next Wave of Growth in Services Sector – Medical Tourism, Financial Service, Media and Entertainment, Educational Services’, ‘Emerging Models of PPP: Powering the Growth of Haryana – Urban Development, Real Estate, Renewable Energy and Leveraging opportunities in DMIC/ DFCs/ KMP Expressway’, ‘Haryana as Hub of Textile, Apparel Sector, Accessories and Leatherware: Making a mark in the Global Landscape’ and  ‘Session on Start-ups’.
          The Chief Minister said that it was a matter of great satisfaction that in spite of various uncertainties, this Summit had proven to be a grand success. He said that all the Ministers and officers of the State Government, the Confederation of Indian Industry (CII) and the people of the State had contributed significantly towards making this event successful.
          The industrialists who participated in the Summit included Chairman, Wanda Group of China, Mr. Wang Jianlin, Chairman, Microsoft Corporation India Limited, Mr. Bhaskar Pramanik, Joint Managing Director, Hero Moto Corp, Mr. Sunil Kant Munjal, CEO, Maruti Suzuki, Mr. Kenichi Ayukawa, Chairman and Managing Director, Medanta, Dr Naresh Trehan, Dr. Subhash Chandra, Chairman, Essel Group and ZEE, Mr Keita Muramatsu, President and CEO, Honda Scooters and Motorcycles India, Mr Malvinder Mohan Singh, Executive Chairman, Fortis Healthcare Ltd, Mr. Chang Kwon Kim, CEO and Executive Managing Director, Lotte Asset Development Co. Ltd (Korea),   Mr Adi Godrej, Chairman, Godrej Group, Mr Dilip Shanghvi, Managing Director, Sun Pharmaceutical, Mr Rajiv Singh, Vice-chairman, DLF Ltd, Mr. RC Bhargava, Chairman, Maruti Suzuki, Mr Pawan Munjal, Chairman and Managing Director, Hero Motocorp, Mr Gautam Adani, Chairman Adani Group, Mr. Narayana Murthy, Chairman Emeritus, Infosys and Ms. Indra Nooyi, Chairperson and CEO, PepsiCo.
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