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‘Haryana poised for huge investments in infrastructure'

Sujay Mehdudia
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Hooda says aim is to make the State a $130-billion economy in the next decade

Asserting that Haryana is moving on high growth trajectory and there is no looking back, Chief Minister Bhupinder Singh Hooda said on Saturday that investments worth Rs. 1 lakh crore are in the pipeline and the aim is to make the State a $130-billion economy in the next decade.

Addressing captains of industry, diplomats and officials at an investment seminar, “Advantage Haryana: Land of Opportunities”, organised by Assocham here, Mr. Hooda said Haryana has a vision to achieve a double-digit growth rate and expand its economy from $30 billion dollars (about Rs. 138,000 crore) to $130 billion (about Rs. 598,000 crore) in the next ten years. Asssocham Infrastructure Committee chairman and leading developer Navin Raheja chaired the seminar.

Mr. Hooda said a major thrust was being given to development of infrastructure in the State and improving connectivity and cooperation with neighbouring States. In view of the rising demand for power and the focus on infrastructure, projects with an additional 10,000 MW capacity were under way.

The Chief Minister said the 135-km Kundli-Manesar-Palwal expressway would facilitate Haryana's connectivity with other parts of the country.

Outlining some of the other initiatives, he said a cargo airport, upgradation of national and state highways, new inter-city connectivity and intra-city transport were under way. He announced that after Gurgaon, Metro rail would connect the national Capital with Faridabad and Bahadurgarh in Haryana. The State is also planning many infrastructure initiatives under the Delhi-Mumbai Industrial Corridor project.

Mr. Hooda said Haryana offers unique comparative and competitive advantages compared to other States and has emerged as a preferred investment destination for domestic and foreign investors.

Speaking on the occasion, Haryana's Commerce and Industry Minister Randeep Singh Surjewala highlighted the areas of investment and invited the private sector to join hands with the Government. He said that during 2009-10, exports from Haryana exceeded Rs. 43,000 crore, which included Rs. 23,000 crore exports from IT and IT-enabled services.

Mr. Surjewala said Haryana is committed to building eco-smart cities, a world-class exhibition-cum-convention centre at Gurgaon, an integrated multi-nodal logistics hub and a mass rapid transit system linking Gurgaon-Manesar-Bawal.

Indo Business Centre Japan president Takashi Yamada shared his vision of setting up a Japan-India Manufacturing Township and eco-city and urged the Chief Minister to take steps to attract Japanese investors to the State.

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