With the Delhi-Mumbai Industrial Corridor on the verge of implementation, Haryana has identified a few early-bird projects to be developed along the corridor passing through the state.
The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), being the nodal agency in Haryana for this project, has proposed five projects, which will further give a boost to industrial activity of the state. The Delhi-Mumbai Industrial Corridor (DMIC) is being established by the Government of India with Japanese collaboration.
A senior official of HSIIDC informed FE, “Since the corridor covers a major portion of Haryana, we have proposed few early-bird projects to be developed under the public-private partnership (PPP) mode. A delegation of officials from the state will be visiting Tokyo from 16th to 18th October to discuss these proposals in detail, there.”
The projects include a Regional Mass Rapid Transport Service (MRTS) between Delhi-Manesar-Bawal, with feeder service to enhance connectivity between Delhi and the upcoming manufacturing hubs, a joint venture project around Dharuhera and a logistic hub at IMT Manesar. Two rail projects have also been proposed including rail links from Faridabad to Gurgaon and Jhajjar to Farrukhnagar.
“The rail links will facilitate the movement of people along the corridor as there are two growth centers at Bawal and Palwal, which will be the hub of industrial development. DMIC work has been segmented into three parts namely Delhi-Rewari, Rewari-Vadodra and Vadodra to Mumbai. Work has already begun on the Rewari-Vadodra stretch,” the official further added.
Clocking about 70% of the total Japanese investment in India , Haryana is still on the radar of many Japanese companies. As per estimates of the HSIIDC, Japanese companies have so far invested close to Rs 11,000 crore in the state via joint ventures or as direct investment.
With about 65 companies in Haryana, including names like Maruti, Honda Motor Company, YKK Corporation etc, already having Japanese collaboration, more investment is expected in the future. Another proposal has been put forth by Japanese giant- Mitsui and Company to set up an industrial park in Haryana over 3,000 acres of land at an estimated investment of around Rs 1,200 crore. The company plans to develop this project along the upcoming Kundli-Manesar-Palwal Express.
The Rajasthan State Industrial Development & Industrial Corporation (RIICO) has also signed an MoU with the Japanese External Trade Organization (JETRO) for Japanese investments in Neemrana and has reserved an industrial part for Japanese investments