Haryana Targets Grounding of 70 Per Cent of Investment MoUs: Rao Narbir Singh - Maverick News30

State / 9 min ago / Team Maverick

Haryana Targets Grounding of 70 Per Cent of Investment MoUs: Rao Narbir Singh

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Haryana Targets Grounding of 70 Per Cent of Investment MoUs: Rao Narbir Singh

123 MoUs Worth Rs. 2.37 Lakh Crore and Additional MoUs Worth Rs. 9,600 Crore Signed; Work Begins on Investments Exceeding Rs. 1.05 Lakh Crore

Chandigarh, November 2026  – Haryana Industries and Commerce Minister Rao Narbir Singh said that translating investment MoUs into actual projects on the ground is a top priority of the State Government. The government has set a target of converting at least 70 per cent of the MoUs signed under the new industrial policy into actual projects. He directed officials to extend all possible support to investors and ensure regular follow-up on investment proposals.

Rao Narbir Singh held a meeting with officials of the Industries Department at his office in the Chandigarh Secretariat today. He informed that following the Haryana Investor Roadshow and launch of the new industrial policy in June, 123 MoUs worth Rs. 2.37 lakh crore and additional MoUs worth Rs. 9,600 crore have been signed in the State. Work has already commenced on MoUs involving investments exceeding Rs. 1.05 lakh crore. He said this was an encouraging sign for the State. He added that continuous efforts to facilitate investors would help realise Prime Minister Narendra Modi's vision of Viksit Bharat-2047.

*Land Availability and Support from Udyog Sathis in Every District for Investors*

Industries Department Commissioner and Secretary Dr. Amit Kumar Agrawal informed that regular follow-up is being carried out on the MoUs signed under the new policy during roadshows held in Japan, Singapore, Mumbai, Karnal and Gurugram. A dedicated team has been constituted to facilitate the availability of private land to investors, in addition to industrial estates developed by the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC). Land options are also being made available in private industrial parks. Four Udyog Sathis have been appointed in each district to provide investors with necessary information and assistance. The department has also sought an additional budget of Rs. 500 crore from the Finance Department.

*Subsidies and Logistics Schemes to Boost MSMEs*

Dr. Agrawal informed that a subsidy of Rs. 5 lakh is available under the Plug and Play Policy for MSMEs. Under the revised approach, investors will participate as buyers rather than sellers. In addition, proposals for the Haryana Multi-Modal Logistics Plan and the Haryana EV-Cargo Logistics Scheme have also been prepared.

During the meeting, Rao Narbir Singh directed officials to expedite the disposal of pending cases related to subsidies provided by the Government of India under the MSME sector. He also directed that pending petitions under the Firms and Societies Act be resolved and the process of making necessary amendments to the Act be completed so that the proposed amendments could be placed before the House during the upcoming Assembly session.

*Urban Hidden Park to Be Developed Across 250 Acres in Manesar*

Dr. Amit Kumar Agrawal informed that HSIIDC has proposed to develop an Urban Hidden Park across approximately 250 acres in Manesar, on the lines of Delhi's Lodhi Garden, Nehru Park and other international parks. Work on the first phase, covering 83 acres, will commence initially. An agency has been asked to prepare the Request for Proposal (RFP) for the project. The park will serve as green lungs for Gurugram.

Director General of the Industries Department, Sh. Yash Garg; Managing Director of HSIIDC, Sh. Vinay Pratap Singh; Additional Director of MSME, Sh. Bharat Bhushan Gogia; and other officials were present at the meeting.

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