SEZs to be set up in Haryana, Himachal

                                                                                         

Real estate seems to be booming in the northern region. With each passing day new projects are coming up in the area. Reliance plans to set up SEZs in Haryana and Punjab made big news recently and ran into controversy. But there are other players also in the fray.

One of them is DS Construction, which has plans to set up two SEZs in Haryana and Himachal Pradesh at an estimated cost of Rs 12,000 crore.

The SEZs in Haryana and Himachal Pradesh are going to be developed along the lines of some of the internationally known SEZs such as Jabel Ali in Dubai, Shenzhen in China, Europark Mielec in Poland. DS Constructions will also explore the possibility of tying up with an international partner, said Mr M.S. Narula, managing director, DS Constructions Ltd.

“The SEZs will lead to infrastructure development, increase in Foreign Direct Investment (FDI) and will generate direct and indirect employment of close to 5 lakh during different stages of development in these two states,” he said.

The SEZ in Haryana will be situated near Faridabad, whereas in Himachal it will be set up in Kangra District.

The SEZ in Haryana will be spread over an area of 5000 hectares (12500 acres) at an estimated cost of Rs 10,000 crore.

The SEZ in Himachal will be spread over an area of 1000 hectares (2,500 acres). The estimated cost of the project is Rs 2,000 crore.

He said in the Haryana SEZ, 2,000 hectares of land (40 per cent) will be demarcated for developing service areas and infrastructure, such as open spaces, green areas, roads & walkways, public utilities, administration blocks and inland container depot.

In the Himachal SEZ, 400 hectares (40 per cent) area will be allocated in developing service areas. As many as 125 hectares will be allocated to greens, 185 hectares to roads & pathways, 40 hectares to administrative blocks and 50 hectares to public utilities.

The SEZ in Haryana will be housing varied industries within it. 1,700 hectares (35 pc) of the area will be utilised for setting up of light industrial units, including auto components, pharmaceuticals, food processing, printing and publication, electrical and electronic goods, garments, value addition processing units, gems and jewellery, toys and sports goods, handicrafts and trade and business enabling industries.

The multi-product SEZ in HP would comprise of industrial units such as agri and agro-based industry, food processing, IT & BPO, pharmaceutical, auto components, light Engineering, value adding processing units, healthcare, electrical and electronic goods, garments, tourism, trade & business enabling services, over an area of 350 hectares.

However, he said efforts would be made to
promote medical tourism by providing state-of-the-art infrastructure facilities in the Himachal SEZ. Mr Narula said the company would be setting up a met city in the SEZ. DSC will also explore the possibility of tie-ups with the top two or three hospitals there.

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Source: IndiaRealEstateblog

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