Haryana to build new city in Faridabad

The Haryana government has decided to go ahead with its plan to develop five new cities along the Kundli-Manesar-Palwal Expressway.

The Haryana government has decided to go ahead with its plan to develop five new cities along the Kundli-Manesar-Palwal Expressway. After announcing a new city near Manesar, the Haryana State Industry and Infrastructure Corporation (HSIIDC) has invited consultants for preparing a master plan for a new city to be developed next to Faridabad.   

The proposed city will come up in the south-east of Delhi and will share its boundary with Faridabad and Uttar Pradesh. Haryana CM has claimed this city would be bigger than Chandigarh as it will be developed in 56,000 hectare area. Also, the new city will cover the rural areas of Faridabad which will be modernised and upgraed to suit the urban needs.

It was in June when Haryana government has announced its idea to develop new cities within two kilometers on either side of the Expressway, to be named ‘Panchagram. The government has already prepared a draft Panchgram Development Authority Bill, which was to be introduced in the state assembly, after the cabinet’s approval.

The minister gave the information in a press conference on MSME Funding, by the PHD Chamber of Commerce. “In coming times, the KMP Expressway would completely transform the industrial scenario in Haryana. The present government has provided facilities to entrepreneurs, to give a boost to the industrial sector in the state, to create large-scale job opportunities,” Goel said. He said the industrial and commercial townships were being set up on 3,300 acres area at Kharkhoda in Sonipat. This would be the first-of-its-kind township in the state, he added.

See also: Haryana approves high-speed rail project, from Delhi to Haryana-Rajasthan border

Similarly, an industrial model township has been developed on 1,400 acres in Sohna of Gururgram. Both of these townships would be connected to the KMP Expressway. Sohna township would also be linked to the Gurugram-Sohna-Alwar Highway. He said the state government has planned to develop an industrial corridor along KMP Western Expressway, with world-class facilities.

Terming the micro, small and medium category of industries as the ‘backbone of the industrial sector‘, the state minister said such units strengthen the entire ecosystem. The MSME industry could be started with small capital and it would create large employment opportunity, he said. He said the government was working to formulate a MSME policy, which was in the final phase of development and would soon be released. It would prove to be a milestone for the MSME sector, Goel said.

The state government has also encouraged industries under the Enterprise Promotion Policy-2015. The policy provides for subsidies on investment and interest on loans, besides assistance in technology acquisition and help for testing equipment, the minister said, adding that it also provides for refund of stamp duty and lower electricity tariff for industries.

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