Maruti Udyog plans to invest over Rs 20,000 cr in Haryana
Author: BI Bureau
New Delhi: Maruti Udyog is planning to invest over Rs 20,000 crore in Haryana. Maruti Udyog recently signed an agreement under which 900 acres of land was authorized through the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC). This land has been handed over to Maruti Suzuki for further expansion of the plant.
Terming this as a historic event, Chief Minister Manohar Lal said that after 40 years the history has repeated itself. He said that 40 years back, an MoU was also signed which played a big role in changing the picture and destiny of Haryana’s development and today a new agreement was signed.
The Chief Minister said that with the establishment of the plant, 13,000 people would get employment opportunities. An amount of Rs 2400 crore has been spent to purchase the land for the said plant and more than Rs 20,000 crore are to be invested.
The agreements were signed between the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) and Maruti Suzuki India Limited (MSIL)/Suzuki Motorcycle India Private Limited. Maruti’s new plants are to be set up in Kharkhoda on 800 acres and 100 acres of land respectively.
The Chief Minister said that Kharkhoda is a newly developing area. It is 65 km away from the airport, 18 km from the railway station and National Highway and also has a link to KMP. The investment by big companies like Maruti in this area has given a positive boost to the industrial environment. /BI/
