Haryana targets conversion of 70% industrial MoUs into projects, investment exceeds ₹1 lakh crore

The Haryana government has set a target of converting 70% of the memorandums of understanding (MoUs) signed under its new industrial policy into projects on the ground, with the state stepping up efforts to facilitate investors and accelerate the implementation of proposed investments.

Industries and Commerce Minister Rao Narbir Singh said on Thursday that translating investment commitments into actual projects was a top priority for the government. He made the remarks during a meeting with officials of the Industries Department to review the progress of investment proposals.

Singh said the government had signed 123 MoUs worth ₹2.3 lakh crore following roadshows and the launch of the new industrial policy in June. Additional MoUs involving investments of ₹9,600 crore had also been signed.

"Work has already commenced on MoUs involving investments exceeding ₹1 lakh crore. Officials have been directed to extend support to investors and ensure regular follow-up on investment proposals," the minister said.

Dedicated teams to facilitate investors

Commissioner and Secretary of Industries and Commerce Amit Kumar Agrawal said the department was regularly following up on investment commitments secured during roadshows held in Japan, Singapore, Mumbai, Karnal and Gurugram.

To address land-related requirements, a dedicated team has been constituted to help investors access private land in addition to industrial estates developed by the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC). Land options are also being offered in privately developed industrial parks.

The state has appointed four Udyog Sathis in every district to provide investors with information, guidance and assistance for setting up projects.

Agrawal also highlighted incentives available to micro, small and medium enterprises (MSMEs). Under the Plug and Play Policy, eligible MSMEs can avail themselves of a subsidy of ₹5 lakh.

Under the revised approach, investors will participate as buyers rather than sellers. The department has also prepared proposals for the Haryana Multi-Modal Logistics Plan and the Haryana EV-Cargo Logistics Scheme to strengthen logistics infrastructure and support cargo transportation.

Manesar to get 250-acre urban park

Separately, HSIIDC has proposed developing an urban park spread across approximately 250 acres in Manesar, modelled on the lines of Delhi's Lodhi Garden, Nehru Park and other international parks.

The project is envisioned as a major green space that will serve as the green lungs for Gurugram, providing an expansive recreational and environmental space for residents.

The first phase, covering 83 acres, will be taken up initially. An agency has been tasked with preparing the request for proposal (RFP) for the project, following which the development process will move forward.

The proposed park is part of the state's broader efforts to improve urban infrastructure alongside its push to attract industrial investments and convert signed MoUs into operational projects.