Chandigarh, November 22, 2007: The Haryana Investment Promotion Board (HIPB), which met here under the chairmanship of chief minister Bhupinder Singh Hooda, gave approval for establishing two special economic zones (SEZ), one in Gurgaon and other in Jhajjar, each on an area of 12,500 acres by M/s Reliance Haryana SEZ.
These projects would be set up in joint venture with Haryana State Industrial Infrastructure Development Corporation and it would have 10 % sweat equity in both the projects.
The Board also revised the approval for setting up of multi product SEZ at Gurgaon by M/s DLF Universal Limited on an area of 12,500 acres. This was done keeping in view the cap of upper limit of area fixed by the government of India for setting up of SEZ.
The Board also reviewed the progress of European Technology Park to be set up by Dutch Haryana Business Consortium in Manger village, Faridabad. The project is to be set up in joint venture with HSIIDC with an investment of Rs 1448 crore.
The Board authorized the Chairman, HIPB for allotment of land to mega projects with an investment of Rs 100 crore and above.
The allotment of land made by the Chairman shall be ratified later by the Board in its subsequent meeting. This was allowed keeping in view the fact that CM has to lead delegation to different countries to attract investment in the state and in order to attract good projects it is the need of the hour to take decision on the spot.
Source: The Times of India
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