Haryana attracts INR4,700 crore industrial investment | SupportBiz

Top Story

Haryana attracts INR4,700 crore industrial investment

With the inauguration of two units and laying the foundation stones of six major industrial units, Haryana saw industrial investment of INR4,700 crore on April 23, which may create an employment for nearly 40,000 people.

Chief Minister Bhupinder Singh Hooda laid the foundation stones of the R&D facility of Maruti Suzuki India, a two-wheeler plant of Suzuki Motorcycle India and projects of Nippon Carbide, Sabarkantha Cooperative - a unit of Amul Dairy, Lakshmi Precision Screws and Aisin Automotive Haryana.

He also inaugurated Asian Paints' second plant, and a blending and bottling plant.

All the new and proposed units are located at the Industrial Model Township near Rohtak town, 80km from New Delhi.

Claiming that the investment will transform the industrial scene in the state, Hooda said that the new units will create direct and indirect employment for nearly 40,000 people.

Maruti Suzuki Managing Director Shinzo Nakanishi said that he was positive that like Gurgaon and Manesar, Rohtak will also make its mark on the international automobile market in the coming years.

To be developed over an area of 600 acres, the Maruti-Suzuki unit will be Suzuki's only R & D facility outside Japan. The company expects to invest between INR2,000-2,400 crore for the new facility.

The unit of Suzuki Motorcycles would be spread over an area of 50 acres and the Japanese major would invest INR1,800 crore with a manufacturing capacity of 20 lakh units per year. The first phase of the project is expected to be completed in the year 2014.

Japanese multinational company Nippon Carbide will be manufacturing functional films, consisting of reflective sheets, 3D labels, plastic films, stickers being used in automobile and electronics industries.

Sabarkantha Co-operative will be setting up a milk processing plant over an area of 14 acres.

Japanese automobile components manufacturing company, Aisin, is investing INR383 crore, spread over an area of 30 acres.