Kattar’s investor outreach: Haryana gets Rs 18K-crore Moolah promise

Kattar’s investor outreach: Haryana gets Rs 18K-crore Moolah promise

- in economy, State News

Chandigarh:In a direct outreach to investors from Singapore and Hong Kong, Haryana Chief Minister Manohar Lal Kattar has bagged a promise of Rs. 18,000 crore from businesses, during a visit earlier this month.

The moolah will be pumped into Haryana over the next few years and it was part of five memorandum of understanding inked in the presence of Kattar during these visits and meetings with investors.

“These MoUs will garner a cumulative investment of Rs 18,000 crore and provide employment to about 10,000 youths in my state,” Kattar, who had earlier made similar journeys to the US, Canada, Japan and China, seeking more investments in Haryana.

“During the Singapore and Hong Kong visit, a total of 14 MoUs were inked, of which nine are in an advanced stage, while the rest five are projects in progress,” the Chief Minister said.

In a proactive move, the Hayana government has appointed a relationship manager for each of the companies that has inked the memorandum to facilite their investment and to resolve all their queries.

During the ‘Hapenning Haryana Global Investors Summit-2016’ held in Gurugram last year, there were around 450 memorandums signed. Of these, in 152 cases have seen either land allotment or licence granted. According to Kattar, memorandums worth Rs. 86,000 crore have materialised and these would employ 1.61 lakh youth.

About the Singapore and Hong Kong trip, Kattar said the investors in these countries are upbeat about opportunities in Haryana in particular and India as a whole. He said the investors were confident of their choice of India as an investment destination, due to the congenial and investor-friendly atmosphere it offered.

“We are committed to working towards a progressive and prosperous Haryana,” he said, adding that the investors too showed great interest in his state in various business segments. The officials will have follow up visits to ensure that the inked MoUs take shape on the ground at the earliest.

The Chief Minister said the investors were told that the BJP government aims at promoting Haryana as a vibrant and competitive destination.

Khattar, who headed a nine-member delegation that included Industries and Commerce Minister Vipul Goel, had left for a five-day tour of Singapore and Hong Kong on May 21.

Chief Minister’s Voice

* Want to make the state a corporate capital, an industrial hub and a residential and entertainment centre, while retaining the edge Haryana enjoys in manufacturing, services and knowledge sectors.

* A clear vision, political will, good governance, empathy, empowerment, partnership and creativity will be the keywords that drive the future growth and success of Haryana.

* Haryana government has taken several initiatives, including implementing the new enterprises promotion policy, for investors, so that they may not face any problem in setting up their ventures in the state.

Key Investors

* Singapore New Water Authority has also agreed to work with the Haryana government for setting up a drinking water institute, and rejuvenation of 14,000 water bodies in the state.

* The inked memorandums of understanding pertain to setting up of townships, logistics parks, wellness centres, power transmission and distribution, affordable housing, green power generation, grain drying yards, aviation hub, industrial infrastructure and smart cities.

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