BAWAL Growth Centre in Harayana is emerging as a hub of industrial growth with the new processing unit of POSS Delhi Steel being inaugurated. This unit has been set up at a cost of Rs 66 crore and it was commissioned within a span of merely six-and-a-half months.
While inaugurating the unit, Haryana State Industrial Infrastructure Development Corporation (HSIIDC) MD Rajeev Arora said that the company had approached HSIIDC for setting up of project for processing of steel plates earlier this year and an industrial plot was alloted to the company at Growth Centre Bawal.
Mr Arora said that the growth centre was emerging as a hub of industries and it was evident from this fact that about 2,000 applications had been received by the HSIIDC for about 100 plots which would be alloted to the entrepreneurs for setting up of their ventures.
He said that new industrial policy had been introduced in the state which had encouraging results and a number of multinational companies were setting up of their industries in the State. He added that Haryana state has catalyzed the investment of Rs 28,000 crore during last 32 months besides the investment of Rs 60,000 crore was in the pipeline.
Earlier the government had announced that USbased Hollister Inc, a leading manufacturer for the medical care (Austomy) products proposes to set up a 100 per cent export oriented unit on 10 acres with the capital investment of Rs 250 crore at Growth Centre Bawal.
LS Cables Ltd, part of the South Korean LG Group, had also announced its plan to set up Rs 210 crore power and telecommunication cables manufacturing project at Bawal. Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) had agreed in principle to allot 40 acres of land to the company. The investment for the project would be in a phased manner with the first phase of the project was likely to go on stream in October 2008