Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News

HSIIDC Set to Bring New Policy for Attracting Foreign Companies

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

Haryana State Industrial and Infrastructure Development Corporation will bring in a new policy for the allotment of industrial plots on a leasehold basis in industrial estates in a bid to attract companies wanting to shift their manufacturing units from abroad.

HSIIDC will bring in a new policy for allotment of these industrial plots on a first come-first serve basis.

Under this policy, any company having at least one manufacturing unit abroad that has been in commercial production as on January 1, 2020, for at least a period of one year shall be eligible to apply, a decision to this effect was taken in a Board meeting of HSIIDC held under the Chairmanship of Principal Secretary to Chief Minister and Chairman HSIIDC, Rajesh Khullar here on Thursday.

Khullar said that this path-breaking policy of “land on lease” would entail investors to operate on land taken on the lease without any capital investment initially and at a later point in time, convert it to a free-hold asset, subject to certain terms and conditions.

This initiative to cut down the cost of doing business in Haryana has been formulated in view of the inputs received from prospective investors through a series of meetings held under the chairmanship of Chief Minister Manohar Lal Khattar with foreign investors recently through video conferencing to attract investment, he said, as per an official statement.

A three-day webinar was held with a number of investors and companies from May 6 to 8. A virtual web desk has also been created for promoting interaction between MD, HSIIDC, and potential investors and regular meetings are being held on every Monday, Wednesday, and Friday, the statement said.


Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic