Faridabad News: HSIIDC Finalizes Plot Allotments For 51 Prestigious Projects

Faridabad News: Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has finalized plot allotments for 51 prestigious projects. This would catalyze investments of nearly Rs. 3,000 crore and generate direct employment opportunities for more than 20,000 persons.

The 33 prestigious projects to be set-up at IMT Faridabad, with capital investments in excess of Rs. 2,000 crore, would generate direct employment avenues for more than 16,000 persons and many more indirectly.

IMT Faridabad, which is strategically located, is being developed over an area of 1784 acres. Development works to the tune of Rs. 310.56 crores have been allotted and the work at site is in full swing and is likely to be completed by April 2013. Nearly 35% of infrastructure development work has already been completed.

Plot allotments for 8 prestigious projects to be set-up at Growth Centre Bawal, involving capital outlay of more than Rs. 650 crore and employment generation potential for more than 2,500 persons, have also been finalized. The companies allotted plots at G.C. Bawal include – M/s Hero Steels Ltd., M/s Sona Okegawa Precision Forgings Ltd., M/s Multi Kenzai Steels Pvt. Ltd., M/s Nikko Auto Ltd., M/s Techno
Auto Components (I) Pvt. Ltd., M/s Nipman Fasteners Industries Pvt. Ltd., M/s Casewell Drilling Services (P) Ltd. and M/s Advancetek Engineering Services.

The companies which have been allotted plots for setting up prestigious projects at IMT Faridabad include – M/s Lakhani Shoes & Apparel Pvt. Ltd., M/s Hindustan Syringes & Medical Devices Limited, M/s Sanden Vikas (India) Ltd., M/s Glen Appliances Pvt. Ltd., M/s Sterling Tools Ltd., M/s Imperial Auto Inds. Ltd., M/s Indo Auto Tech Ltd., M/s Action Construction Equipment Ltd., M/s Bachmann Industries India Ltd., M/s Sunflame Enterprises Pvt. Ltd., M/s Sadhu Forging Ltd., M/s India Forge Auto Products Ltd., M/s San Aerospace Ltd., M/s Digi Drives Pvt.Ltd., M/s EON Electric Ltd. etc.

Besides IMT Faridabad and G.C. Bawal, allotments for setting up prestigious projects at some other estates – IMT Manesar, Industrial Estate Kundli, Industrial Estate Barwala, Industrial Estate Panipat, Industrial Estate Karnal and Gurgaon, have also been finalized. Projects in these estates would be set-up by – M/s Deepak Fertilizer and Petrochemical Corporation Ltd., M/s Nancy Crafts Pvt. Ltd., M/s Mangla Apparels (India) Pvt. Ltd., M/s Bsy Products Pvt. Ltd. etc.

The projects sanctioned for plot allotment encompass diverse fields such as automobile components, footwear, surgical products, home appliances, high-fashion garments, IT & ITES, printing press, fertilizers etc. These projects, largely in manufacturing sector, would give boost to economy of the region and generate immense employment opportunities.

M/s Sona Okegawa Precision Forgings Ltd. of Sona Group, already supplying to leading automobile manufacturers as an OEM, would set up expansion project at Growth Centre Bawal on 10 acre plot, with project investment of Rs. 136 crore.

M/s Multi Kenzai Steels Pvt.Ltd. is setting up a project for manufacture of Solar Panel Framing system etc. at G.C. Bawal on plot area of 4.5 acres. The project to be set-up in joint-venture with M/s Ohmi Industries of Japan, would involve capital investment of Rs. 47.28 crore.

M/s Nikko Auto Ltd., a part of United Machines Group, which is into supply of equipment & systems in technical collaboration with Magneti Marelli, Italy; Maier S. Coop, Spain; Nikko Auto Corporation, Japan and Nohmi Bosai Ltd., Japan, is setting up expansion project for manufacture of auto parts at G.C. Bawal, with capital investment of Rs. 36.86 crore.

M/s Lakhani Shoes & Apparels Pvt. Ltd. of Lakhani Group, with group turnover in excess of Rs.460 crore, has been allotted 5 acre plot at IMT Faridabad for setting up footwear unit. The company’s existing units are located at Faridabad and Haridwar and the expansion project at IMT Faridabad would be set up with project investment of Rs.79.81 crore.

HSIIDC has allotted 10 acre land to M/s Hindustan Syringes & Medical Devices Limited for setting up a manufacturing unit of glass syringes, scalp vein infusion sets etc. at IMT Faridabad. The project to be set up with capital investment of Rs.328.43 crore would provide employment avenues for 2,000 persons. The company is one of the top five manufactures of syringes and needles in the world and exports 20% of its production. The company’s existing unit is located at Faridabad, employing more than 2,800 persons and the proposed expansion project at IMT Faridabad would enhance its manufacturing capacity.

M/s Glen Appliances Pvt. Ltd., with existing units at Baddi and Faridabad, is now setting up expansion project at IMT Faridabad over land area of 5 acres for manufacturing of home appliances with capital investment of Rs. 102.56 crore. The company is into manufacturing of a wide range of home appliances and recorded sales of Rs. 110.08 crore during 2011-12.

M/s Hero Steels Limited, a part of Brij Mohan Lal Munjal Group, with group turnover of 5 billion US dollars, has been allotted 20 acre land at G.C Bawal for setting up a project for manufacturing of precision welded sub-assemblies with its own press-shop and service center. The project would involve investments to the tune of Rs.309.80 crore and generate employment opportunities for 500 persons.

HSIIDC has also decided to make in-principle offer for allotment of land for setting up Common Facility Centre (CFC) under the Cluster Development Scheme of Govt. of India to – M/s Kundli Stainless Steel Cluster Services Pvt. Ltd. at Industrial Estate Kundli for stainless steel utensil & cutlery items cluster; M/s CFC Pharma Cluster Pvt. Ltd. at Industrial Estate Karnal for pharma cluster; and M/s Karnal Print “N” Pack Cluster Pvt. Ltd. at Industrial Estate Karnal for printing & packaging cluster. These three clusters with combined project investments in excess of Rs. 40 crore would immensely benefit micro, small and medium enterprises of the region.

Industries & Commerce Department has been driving the projects for establishment of Common Facility Centers under the CDP (Cluster Development Programme) / MSME (Micro, Small and Medium Enterprises) Scheme of Govt. of India at various locations and establishment of such facility was the need of the hour for benefit to all the industrial units forming the part of the cluster.