Haryana okays projects worth Rs 2,250 cr • HSIIDC Allots Plots To 32 Units At Bawal, Rai, Kundli, Ba
A HIGH-LEVEL allotment committee headed by P K Chaudhery, principal secretary & financial commissioner, industries & commerce department, cleared industrial projects worth Rs 2,257 crore in Haryana. Industrial plots developed by the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) in various industrial estates were allotted to 32 units. The committee met here on Thursday to consider allotment of industrial plots to projects entailing an investment of Rs 30 crore and above. Land sites measuring 222 acres in total have been allotted to companies at Growth Centre-Bawal Phase II, and the industrial estates at Rai, Kundli, Barhi and Bahadurgarh. Caparo Vehicle Products India is envisaging an investment of Rs 629 crore for setting up six projects at Bawal. These units will manufacture tubes and tubular products, stampings, braking systems and suspension for automobiles, and house a steel service centre and a die design and development centre. The units will be set up in two phases with equity funding from the holding company, Caparo Engineering India. Omax Autos has been allotted a site in Growth Centre-Bawal Phase-II for setting up a unit for the manufacture of advanced tools and a related design centre. The project cost has been estimated at Rs 128 crore and the company plans to invest more than Rs 100 crore in the first three years of starting the project. Rico Auto Industries and its group company Rico Casting are setting up two projects to manufacture hi-tech ferrous and aluminium high pressure die-casting components for two-wheelers and four-wheelers at Bawal. While the first project is being set up in technical and financial collaboration with Continental AG of Germany, the second project will be set up in collaboration with Zhejiang Jinfel, a leading wheel company of China, for manufacturing alloy wheels. The capital cost of both the projects combined together has been estimated at Rs 140 crore. Sona Koyo Steering Systems has been allotted land at Bawal for setting up two units that would manufacture automotive parts and components. The first project for the manufacture of mechanical steering columns will involve an investment of Rs 36.25 crore in technical and financial collaboration with FUJI KIKO of Japan. The second facility is being set up in collaboration with JTEKT Corporation of Japan with a capital of Rs 43.03 crore. Wipro Group, through its whollyowned subsidiary Wipro Infrastructure Engineering, has been allotted a land site at the industrial estate in Kundli for setting up a unit to manufacture hydraulic cylinders with an investment of Rs 32.99 crore, which will be entirely financed by internal reserves and accruals. Motherson Auto is setting up two projects for the manufacture of pressure die casting moulds and components for automobiles, ropes, overhead guards and built-cabins for construction and agricultural machinery at Bawal. The cost of both the projects would come to around Rs 137 crore. Saraswati Dynamics has got a land for setting up a unit for the manufacture of environmental testing equipment at Growth Centre-Bawal with a capital investment of Rs 39.67 crore. Two projects, involving IT-enabled services, are being started by APV Infotech and PNR Capital Services. While APV Infotech will set up a BPO with an investment of Rs 161.03 crore, PNR Capital Services shall be setting up an offshore call centre infrastructure at a cost of Rs 145.68 crore. The committee also ratified the allotment of 160 acres of land to Asian Paints in Rohtak Industrial Model Township, which was earlier approved by the Haryana Investment Promotion Board under the chairmanship of Chief Minister Bhupinder Singh Hooda.