BS Reporter / New Delhi/ Chandigarh Jul 26, 2010, 00:20 IST
To expedite the industrial development, the authorities in Haryana are in the process of announcing a new industrial policy. The present policy was declared in June 2005, during the previous term of the Bhupinder Singh Hooda-led Congress government in the state.
The state sought consultations of Asian Development Bank to formulate a policy framework to catalyse the investments under Public Private Partnership s for big projects. Although the state has been inking MoUs with private investors on behalf of HSIIDC (Haryana State Infrastructure and Industrial Development Corporation) but the concrete guidelines would help to mobilise more funds, told a senior official.
There has been a demand from various industrial associations to revise the industrial policy . The global financial meltdown and its aftermath made it imperative for state policy makers to help industry by preparing a new policy.
The state government is expected to form better synergies between the government and the private investors in its new policy. The upgradation of infrastructure is likely to get a boost. The Public Works Department department has mulled to make a quadrilateral connecting four corners of the state by mobilising private participation.
The policy according to sources, may also take the cognizance of regional imbalances in the industrial development. The districts falling in the Shivalik foothills could not gain any major industrial investment in the past decade. Even the Nano City project proposed by Sabeer Bhatia (Hotmail founder) in Panchkula fell through after much dallying. The state government through its new policy, plans to distribute the benefits of industrialisation from the national capital region belt.
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