States » NorthPosted at: Nov 12 2026 11:43PM


Haryana targets 70 pc conversion of investment MoUs into projects

Chandigarh, Nov 12 (UNI) The Haryana government has set a target of converting at least 70 per cent of investment agreements signed under its new industrial policy into operational projects, with work already initiated on proposals involving more than Rs 1.05 lakh crore, Industries and Commerce Minister Rao Narbir Singh said on Thursday.
The state has signed 123 memorandums of understanding (MoUs) involving proposed investments of Rs 2.37 lakh crore, besides additional agreements worth Rs 9,600 crore, following investor roadshows and the launch of its new industrial policy in June.
Reviewing the progress of investment proposals at a meeting with senior Industries Department officials in Chandigarh, Singh directed them to prioritise the implementation of agreements rather than merely securing fresh investment commitments.
He said the government was focusing on removing obstacles faced by investors, ensuring land availability and expediting pending approvals to translate investment proposals into industrial activity.
The minister directed officials to maintain regular contact with investors and monitor the implementation of each agreement to ensure that proposed projects move forward.
Industries Department Commissioner and Secretary Amit Kumar Agrawal said investment
proposals received during roadshows in Japan, Singapore, Mumbai, Karnal and Gurugram
were being regularly reviewed.
A dedicated team has been constituted to help investors secure private land in addition to industrial plots available in estates developed by the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC). Land options in private industrial parks are also being explored to accommodate investors seeking suitable locations for manufacturing and other industrial projects.
The department has appointed four Udyog Sathis in each district to assist investors with information, procedures and coordination with government agencies.
Agrawal said the Industries Department had sought an additional allocation of Rs 500 crore from the Finance Department to support its initiatives. The government is also focusing on support for micro, small and medium enterprises (MSMEs), including financial assistance under the Plug and Play Policy.
Under the policy, eligible MSMEs can receive subsidies of Rs 5 lakh, according to the department. Proposals have also been prepared for the Haryana Multi-Modal Logistics Plan and the Haryana EV-Cargo Logistics Scheme to strengthen logistics infrastructure and support industrial activity.
Singh directed officials to expedite pending cases involving subsidies provided by the Centre under various MSME schemes.
He also sought early disposal of pending petitions under the Firms and Societies Act and completion of proposed legislative amendments for consideration during the forthcoming Assembly session.
During the meeting, officials also reviewed an HSIIDC proposal to develop an approximately 250-acre urban park in Manesar, modelled on major public parks in Delhi and abroad.
The first phase is proposed to cover 83 acres, and an agency has been asked to prepare the request for proposal for the project. The proposed park is intended to provide additional green space in the Gurugram-Manesar industrial region.
The minister said Haryana's industrial policy would be assessed by the extent to which investment commitments were converted into actual projects. While work has begun on proposals involving more than Rs 1.05 lakh crore, the government has not specified how much of the committed investment has been physically deployed or how many projects have become operational.
The review meeting was attended by Industries Department Director General Yash Garg, HSIIDC Managing Director Vinay Pratap Singh and senior officials from the industries and MSME departments.
UNI KK/NB BM
Tags: #Haryana targets 70 pc conversion of investment MoUs into projects
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