Haryana signs Rs 20,000-crores worth MoU, for logistics parks

The Haryana government has signed a memorandum of understanding, to set up a logistics and trading hub in the state near Gurugram, with the aim of attracting investments to the tune of Rs 20,000 crores

The Haryana government has 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 crores.

The logistics and trading 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. Under the MoU signed on November 2, 2017, the government will facilitate Verbind’s efforts to obtain necessary permissions, registrations, approvals and clearances, among others, with reference to the projects from the relevant departments, in line with the existing rules, policies and regulations. The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), will be the nodal agency to execute the project.

See also: Haryana passes bill allowing compulsory land acquisition

“Haryana is ranked first among north Indian states, in the ease of doing business index of the government and sixth in the country,” Haryana government’s principal secretary for industries and commerce, Sudhir Rajpal said, at the CII Invest North 2017 event. He said investor-friendly policies, a young population, skilled manpower, highest per capita income and huge urban market, were the key factors driving the growth of the state. Rajpal further said the state government has given more than 2,000 clearances through their online portal in six months and 14 state departments work under one roof to ensure faster clearances.


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