Rajasthan to streamline clearance procedures to encourage investment

The Neemrana plant of Hero MotoCorp has an initial capacity of 7.50 lakh units annually

October 21, 2014 10:27 pm | Updated May 23, 2016 04:57 pm IST - NEEMRANA (RAJASTHAN):

Rajasthan will streamline the procedures for clearance of projects to encourage investment in the State. This follows reforms in the labour laws and announcement of the New Industrial Promotion and Solar Energy policies announced just last month.

“We want to ensure that investment is just a click away,” Rajasthan Chief Minister Vasundhara Raje said here on Tuesday at the unveiling of Hero Motocorp’s manufacturing facility and Global Parts Centre. The manufacturing unit, Hero Motocorp’s fourth in the country, named, ‘Garden Factory’ is built on ‘green concept’ to promote sustainable growth and ‘happiness’ among the workers. The company has invested Rs.1,050 crore in the world-class production unit and Global Parts Centre.

Ms. Raje said the government was aware that the procedures and rules needed to be eased and old regulations re-visited. “We are doing that. We have already made changes in three major labour laws and announced the New Investment Promotion Policy and Solar Energy Policy,” she said.

The Chief Minister said the government alone could not be the source of livelihood. Well thought-out partnership with the private sector can make a difference, Ms. Raje said while calling upon the private sector to invest in skill development to enhance the employability of youth. Referring to her recent visit to Singapore, where she saw the skill development platforms, Ms. Raje said Rajasthan was hopeful of collaborating with it for skill development.

The manufacturing unit started production on Tuesday with an initial capacity of 7.50 lakh units annually and the company aims to double parts business turnover to Rs.3,000 crore in 2-3 years. Hero MotoCorp plans to surpass 100 million units in cumulative production by the year 2020. “It is a momentous occasion for us as we synergise environment and cutting edge technology to unveil our fourth manufacturing unit, which is a garden of health and productivity, where we do not only manufacture products but also nurture life,” Hero MotoCorp Vice Chairman and Chief Executive Officer Pawan Munjal said. The company’s one-of-the-kind garden factory is based on the core principle of sustainable development and comprises from efficient building envelope, to the Big Foot air handlers, to water and energy optimisation. The photovoltaic panels will provide 1.4 MW of electricity and the Big Foot handlers with 1,800 tonnes of cooling will provide an optimal energy efficient operation and a world-class environment within the plant. The ‘Green Wall’ will generate oxygen, equivalent to the daily needs of 3,700 people.

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