Haryana to reserve 10 percent industrial plots for NRIs

January 10th, 2011 - 12:34 pm ICT by IANS  

Chandigarh, Jan 10 (IANS) There’s good news for NRIs wanting to invest in Haryana. The state has decided to reserve up to 10 percent of industrial plots or sheds for NRIs and persons of Indian origin (PIO).Industrial units with 33 percent or more foreign direct investment (FDI) can also avail the benefit of reservation of industrial plots, a spokesperson of the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) said here Monday.

“In case of NRI plots, the entire amount towards the price of the plot would have to be remitted through the Non-resident External Rupee (NRE) Account of the applicant or in remittances from abroad or foreign exchange,” he said.

Haryana has crafted success in industrial investment in the last three to four decades. The state’s industrial base in Gurgaon, Manesar, Faridabad, Panipat, Kundli and other places is well-known. Some big names like Maruti-Suzuki, Hero Honda and several others have invested in the state.

In case of FDI projects, at least 33 percent of the project cost should come from the FDI route.

However, the 10 percent limit would not preclude allotment of plots in the FDI category as part of the general scheme of allotment, he added.

The spokesperson said preferential allotment of up to two percent of industrial plots or sheds in each industrial estate had been prescribed by the government people with disabilities.

He stated that while allotting plots, preference would be accorded to prestigious projects involving capital investment of Rs.10 crore, Rs.20 crore and Rs.30 crore and above.

Ex-servicemen, women entrepreneurs, unemployed engineering graduates, polytechnic, ITI trained candidates and new entrepreneurs who display exceptional entrepreneurial skills would also be given preference in allotment, he added.

NRIs and applicants of other categories will apply to the HSIIDC for allotment of industrial plots.

Haryana has planned industrial model townships (IMT) and industrial estates in several places across the state, especially in the national capital region (NCR) of New Delhi.

The new industrial estates are located in Panchkula, Bawal, Bahadurgarh, Rai and Kundli while IMTs are coming up at Manesar and Rohtak.

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