Haryana govt signs Rs 20,000 cr worth MoU for logistics parks

6 November 2017

The Haryana government signed a memorandum of understanding (MoU) with Verbind, an integrated trade facilitation services organisation, to set up a logistics and trading hub in the state that would attract investment to the tune of Rs 20,000 crore, a release from CII said.

The hub will be spread over an area of 600 acres near Gurugram, and the public-private project is expected to generate employment for six lakh people, it said.

Under the MoU, the government will facilitate Verbind’s efforts to obtain necessary permissions, registrations, approvals and clearances with reference to the projects from relevant departments, in line with existing rules, policies and regulations, the release said.

The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) will be the nodal agency for the project.

“Haryana is ranked first among north Indian states in the ease of doing business index of the government, and sixth in the country,” Haryana Principal Secretary, Industries and Commerce, Sudhir Rajpal said at the CII Invest North 2017 event here today.

Investor-friendly policies, a young population, skilled manpower, highest per capita income and a huge urban market are the key factors driving the state’s growth, he said.

Source: Money Control