The Haryana Government has decided to strengthen the bus service of Gurgaon Manesar Urban Complex by forming a Special Purpose Vehicle for implementing the much-awaited project.
Sanjeev Kaushal, Principal Secretary to Chief Minister and Chairman of Haryana State Industrial and Infrastructure Development Corporation limited (HSIIDC), said that the Corporation will hold five per cent equity in the SPV and equity participation in the project was approved in the meeting of the Board of Directors of the Corporation held recently.
He added that this SPV would be under the administrative control of Department of Urban local Bodies, Haryana. Equity participation of the Municipal Corporation would be 51 per cent, while that of Haryana Urban Development Authority (HUDA) would be 25 per cent. The participation of HSIIDC and State government would be five per cent and 19 per cent, respectively. The initial paid up capital of SPV would be Rs one crore.
He said the Government is committed to enhancing the basic facilities at important industrial destinations of the State. Every possible step would be taken to increase flow of investors to the State, he added.
Dubbed as the largest pollution-free industrial complex in northern India, Udyog Vihar Gurgaon is a part of National Capital Region and has a rich industrial base and a sound infrastructure. It boasts of some of the futuristic residential townships. IMT Manesar is the flagship industrial park of Haryana and a show window for rest of the world with regard to its truly International Infrastructure.
He said that HSIIDC has also developed a Technology Park at IMT, Manesar, spanning an area of around 140 acres under the campus development norms. The Corporation has already allotted land to reputed companies for setting up their projects in this park. Prominent amongst these are Agilent Technologies, HCl Technoparks, Shapoorji Pallonji and Primrose Projects Pvt. ltd. (Bharti Group). The technology part is likely to generate direct employment opportunities for trained professionals and also providing indirect employment opportunities.