Haryana Holds Roadshow in Bangalore for Global Investors’ Summit-2016 in Gurgaon

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In order to attract investment in Haryana state has decided to organize a first of a kind “Happening Haryana Global Investors’ Summit-2016” from March 7-8, 2016 at Gurgaon. Haryana government held a roadshow at the Taj West End, Bangalore on February 23, 2016.

On Tuesday, the Haryana government led by Vivek Atray, Director Industries and Commerce, Government of Haryana; Sudhir Rajpal, Managing Director HSIIDC and industrialists Dinesh Batra, Director and Group CEO, Cygnus Hospitals and Sameer Munjal, MD, Satyam Auto Components also highlighted developments in farvour of Haryana to attract more investments from Karnataka at the Taj West End in Bangalore. 

As the Confederation of Indian Industry (CII) is the national partner for the event, T Sudhakar Pai, Past Chairman, CII Karnataka and MD Kurlon Enterprises along with Ravi Raghavan, CEO, Bharat Fritz Werner were present from the CII side.

Haryana is looking at IT/ITeS companies from Karnataka, as Bangalore is well known as India’s IT city and off late attracting large MNC’s and billions of dollars in revenue. Sudhir Rajpal said likewise to Bangalore, even Haryana has IT Parks in Chandigarh, Faridabad and Rohtak and are now looking at expanding the parks and also enter into ESDM for cell phone manufacturers. The state government has set up plug and play facilities for startups and is also offering reduction in VAT, Stamp duty among others benefits. “No tax for startups till their turnover touches Rs 10 lakh.”

The two day event which is going to held on March 7 and 8 at Leela Hotel is expected to witness a large gathering of various international and national companies in the millennium city . Alongside the summit Pravasi Haryana Divas is also being organized to target investments of the entrepreneurs from the state, who have set shop abroad.  

As a preview the state is organizing five road shows across the country the first one was held in Delhi the second is in Kolkata which will be held on January 29 to create awareness among the people. The list of road shows includes Mumbai, Bangalore and Hyderabad.

Alongside the summit Pravasi Haryana Divas is also being organized to attract investments from entrepreneurs from the state, who have set shop abroad.  

The Chief Minister Manohar Lal Khattar accompanied by Industries Minister, Captain Abhimanyu met the CEOs and heads of various companies in one on one meetings held during the first road show in Delhi.

The Khattar government has offered Coca Cola India, for setting up ‘Kinnow’ juice plant at Food Park in Saha, Ambala. The organizers of the event have also informed that there was a discussion with chief minister of setting up a skill development project, in Gurgaon by Ascendas Singbridge Group.

Micromax, has also offered to set up a manufacturing unit in National Capital Region which is expected to provide employment to 5,500 youth with initial investment ranging from Rs 100 crore to Rs 500 crore. The state is also set to get an ‘Electronic Manufacturing Special Zone’ in Rohtak over an area of 100 acres of land.