Inviting NRIs among other potential players to invest in the state, Haryana Chief Minister Bhupinder Singh Hooda today said the government is considering to give them preferential treatment in allotment of land and other fiscal incentives.
The state will be setting up an NRI nodal office to attract investment and assist NRIs in doing business in the state, Hooda said, adding “plans are also there to give concessionary residential lots in prized locations to settle them and make them feel at home”.
Priority industrial plots in key areas will be allotted to assist them in setting up their businesses. The state was willing to consider tax concessions for NRIs akin to those given by Himachal Pradesh and Punjab, he said here while concluding his North American business promotion tour.
Earlier this week he addressed a ‘Business Roundtable and Networking Dinner’, organised by the Canada-India Business Council (C-IBC) in tie up with the Indo-Canada Chamber of Commerce (ICCC) and the Confederation of India Industry (CII).
His mission consisted of automobile and textile business executives who met their Canadian counterparts including the Magna Group that has major plans for India.
During his tenure, the state has became the number one producer of automobiles, home to top IT companies, a magnet for textile industry and a draw for multi-nationals who have made Gurgaon their head quarters, he claimed.
Haryana’s proximity to Delhi (it surrounds Delhi from three sides) is a boon to the state, which through a domino effect provides infrastructure, highways and transportation as a backbone to the states development, he added.
The bane of the industry, power, plays a vital role and can be an undoing of any economy. To rectify this problem, the state has embarked upon an ambitious power generation program where first of the many power generation stations, a 300 mw unit in Yamuna Nagar, will be inaugurated on November 1st this year, Hooda said.
While welcoming the chief minister, Kam Rathee, President of the C-IBC, congratulated him for bringing a new sense of pride and realism in the state. The C-IBC plans to play an active role in fostering trade and investments to and from Haryana, Rathee added.
Sunil Jagasia, President of the Indo Canada Chamber of Commerce, outlined what their future business plans were and how they would assist in leveraging investments into India.
Deep Kapuria, Chairman of North India CII and the leader of the business segment of the delegation briefed on the opportunities available to overseas businesses in Haryana.