Chief Minister performs ‘Bhoomi Poojan’ of Yokohama tyres

Sh. Bhupinder Singh Hooda, Hon’ble Chief Minister, Haryana performed the ‘Bhoomi Poojan’ ceremony of the tyres project of Japanese tyre major Yokohama at Bahadurgarh on 2^nd June, 2008. The company is setting up a 100 percent FDI project at HSIIDC Industrial Estate at Bahadugarh with an investment of about Rs.1000 crore. Sh. Deepender Hooda, Member Parliament, Sh. Sandeep Dixit, Member Parliament, Sh. Rajiender Singh Joon, MLA Bahadurgarh, Sh. M.L. Tayal, Principal Secretary to CM, Sh. Rajeev Arora, Managing Director, HSIIDC, Sh. T. Nishimoto EVP Yokohama and Mr. Deepak Vasdev Sr. Advisor Yokohama were present on this occasion besides senior officers of the district administration and a large number of Indian and Japanese entrepreneurs. Speaking on this occasion, Sh. Hooda welcomed Yokohama to Haryana and reiterated his commitment of providing all facilities to the prospective investores in the State. Haryana State Industrial and Infrastructure Development Corporation has allotted an industrial plot measuring 25 acres to the company for setting up this prestigious project. The project is likely to go on stream in 2010. This will help in generation of direct employment opportunities for more than 900 persons besides supporting ancillaries in Haryana as well as in India.

Managing Director of the company, Mr. F. Nishi informed that Yokohama, which was established in 1917, is the seventh largest tyre manufacturing company in the world with representative offices mainly in USA, UK, Denmark, Italy, Belgium, Philippines, China, Taiwan and Australia. In addition, the company applies original strengths in rubber polymer technology in successful lines of diversified business, including hoses, sealants and adhesives, other industrial products, aircraft products and golf products. The company has achieved a turnover of US$ 4.2 billion during the year 2006-07.

In the tyres segment, the company manufactures tyres for passenger cars and light trucks, buses and for construction and mining equipment, industrial vehicles, aircraft and other applications, aluminum alloy wheels and other peripheral products. The company has pioneered the technology of fuel saving tyres.

Besides contributing to fuel economy, these tyres minimize the output of carbon dioxide while providing superior performance in regard to the fundamental criteria of handling and comfort. The technology not only extends the useful life of the tyre but also increases their environmental benefits. It is also a leading supplier of marine hoses for loading and unloading crude oil. The company also supplies lavatory modules for the boeing 737 airliner and dirinking water and wastewater tanks for the airbus A380. Underlying the competitiveness of Yokohama’s aircraft products are the company’s unique strengths in fabricating lightweight, high strength items from fiber-reinforced plastic.

Panchkula Technology Park allotments

A plot allotment committee for IT constituted by the State Government cleared the allotment of plots to 23 units ranging between 1 to 10 acres for the first phase of Panchkula technology park developed by the Corporation. The committee is headed by Financial Commissioner and Principle Secretary Industries & IT.

When implemented, these projects would catalyse an investment of Rs.1108 crore besides providing direct employment to more than 28000 persons. A total of 38.10 acres of land has been allotted in this park.

The prime 10 acres plot has been allotted to M/s Rolling Construction under campus development norms and the remaining plots have been allotted to self user industry. Prominent among these are: Parabolic Research Lab Ltd., Spice Communications Ltd., Praxton Impex Pvt. Ltd., Comet Software Pvt. Ltd., Haryana Infotech Pvt. Ltd., Atruist Technologies Pvt. Ltd., FCS Software Solutions Ltd., and Paramount Software Pvt. Ltd. etc.

Haryana Urban Development Authority (HUDA) had allotted 97 acres of land in sector-22, Panchkula for development of this technology park. The said land is wedged between the hills adjoining Gurudwara Nada Sahib on NH-73 and the Ghaggar River side. The various development works such as construction of RCC retaining wall along the Ghaggar River to protect the area from flood and soil erosion, construction of roads, laying of sewerage scheme, drainage scheme, street lighting etc. have been completed. Approval for construction of 66 KV sub-station (Gas Insulated) has also, been received from HVPN and tender for the same is being invited. A sum of Rs.850.50 lakh has been incurred on the development works so far. According to the latest e-readiness assessment report released by the central Govt. recently, Haryana has jumped from 15^th rank to 9^th in the last two years in the field of information technology. The State has also recorded total software exports worth Rs.14,000 crore this year. Recently, the state government had formulated its e-governance roadmap and capacity building roadmap. According to the latest report, Haryana comes under the category of level one State in the country in implementation of the core infrastructure project of state wide area network (SWAN).

Rs.5 crore term loan for Sheet Metal components unit

M/s Amaze Engineering Pvt. Ltd. have been sanctioned a term loan of Rs.5 crore for manufacturing sheet metal components in their new unit at IMT Manesar. These products are widely used by the company in the field of electrical & electronics, telecommunication, white goods, engineering, audio-visual equipment etc. The promoters are experienced businessmen having almost 20 years of experience in the same line and are running similar projects in Delhi. Due to immense growth potential of this sector, the company proposes to increase its production to cater to the increased orders from its existing clientele as well as scout for new customers. The company proposes to install new CNC Turret Punch Machine, Press Brake Machine and other misc. machines. The proposed unit is basically for the metal cutting / punching of different size & shape of metal parts. The raw material i.e. CRCA (Cold rolled cold annealed) sheet are readily and locally available in the market. The key customers of the company for their products are: Larsen & Toubro Ltd., LG Electronics India Pvt. Ltd.,Siemans Public Comm., Ericssion India Pvt. Ltd.,Domino Printech Pvt.Ltd., Birla Power solutions Ltd. Ahuja Radios etc. The company has already purchased a plot in sector-8 at IMT Manesar. The total cost of the project has been estimated at Rs.976.24 lakh which is proposed to be financed by way of term loan of Rs.5 crore from the Corporation and balance Rs.476.24 through share capital / unsecured loan. When implemented, this project is likely to provide employment opportunities to about 35 persons. The project is likely to go on stream by October this year.

In view of a persistent demand from the entrepreneurs of Industrial Model Township at Manesar and to introduce walk-to-work culture for improved productivity, HSIIDC has decided to construct 192 single room dwelling units and 36 dormitory units for industrial workers within the township. This is the first time that a State agency is developing a dedicated housing complex for the industrial workers in Haryana. The Corporation has invited applications from the entrepreneurs of the fully operational industrial projects of IMT Manesar for allotment of these dwelling units. Industrial units and companies who have been allotted Group Housing plots in residential sector-1 at IMT Manesar will not be eligible for allotment. The workers of the industrial units who have formed their housing society at IMT Manesar or the members of any other housing society of HSIIDC will not be eligible for allotment. The dormitory units will be allotted as one unit for 12 persons to the existing industrial units. An industrial unit can apply for a maximum of 4 dormitory units. Individual dwelling units will also be allotted to the existing units in IMT-Manesar. In case applications received exceed the number of dwelling units, the same shall be allotted by draw of lots. The tentative cost of a dormitory unit with a covered area of 84.55 sq.mtrs has been fixed at Rs.15 lakh whereas a single room dwelling unit covering 28.66 sq.mtrs would cost around Rs.3.80 lakh. The allotment shall be made on a deferred payment scheme wherein the applicant shall pay 10 percent with the application, 15 percent after allotment and balance 75 percent in five equated half-yearly installments carrying nominal interest.

IMT Manesar with its infrastructure of truly international standards has attracted a large number of multinationals companies as their manufacturing base. Various MNCs like Honda Motorcycles & Scooters India Pvt. Ltd., Denso Haryana, Mitsubishi Electric, Maruti Suzuki Metal from Japan, Frigo Glass India Pvt. Ltd. from Norway, Baxter India Pvt. Ltd. from USA, Johnson Mathey India Pvt. Ltd. from UK, Jamuna NHK, Nippon Auto, Bundy India, Munjal Showa, Hero motors Ltd, NTF, TSK, Barco of Belgium are already operating in the industrial complex of IMT Manesar. Besides the industrial plots, IMT Manesar has dedicated sectors for housing, institutional and commercial activities.

After the successful implementation of this project at Manesar, the Corporation shall be replicating the same at other industrial estates such as Kundli, Rai, Barhi, Rohtak, Saha and Bawal.

Term Loan Rs.20 crore for Serviced Apartments at Kundli

The Corporation has sanctioned a term loan assistance to the tune of Rs.20 crore to M/s MRG Promoters Pvt. Ltd. for setting up a serviced apartments-cum-shopping complex at Industrial Estate, Kundli Distt.Sonipat on NH-1, just 800 meters from Delhi border. The concept of serviced apartments is gaining momentum in India for the last three to four years. The proposed serviced apartments are being constructed on a total area of 107806 sq.ft. which includes ground & seven floors with three level basement. The proposed project comprises shopping malls, cinema halls, banquet hall, swimming pool, four star hotel, gym, entertainment, business centre, games, fast food outlets and revolving restaurants to capture a bigger share of consumer spending by offering different activities under one roof to satisfy various consumer needs. The company proposes to provide infrastructure and amenities of international standards such as central air conditioning, 100 percent power backup, fire fighting equipment, solar water heating system State-of-the-art safety management system etc. The total cost of the project has been estimated at Rs.6501.53 lakh which is proposed to be financed by a share capital of Rs.1500 lakh, interest free unsecured loans of Rs.2501.53 lakh besides the joint term loan of Rs.20 crore from HSIIDC and Rs.5 crore from HFC.

Adieu !

Sh. Rajeev Arora, Managing Director, HSIIDC felicitates Sh. P.K. Chaudhery, Financial Commissioner and Principle Secretary Industries & IT on his farewell.

Mr. P.K. Chaudhery, Financial Commissioner and Principle Secretary Industries & IT relinquised his charge to join the Government of India as Additional Secretary Ministry of Commerce at New Delhi. A farewell get together was organised in his honour by HSIIDC family at a local hotel in Chandigarh. Sh. M.L. Tayal, Chairman HSIIDC, Sh. Rajeev Arora, Managing Director, HSIIDC and other directors of the Corporation alongwith senior officers from HSIIDC were also present on this occasion. Mr. P.K. Chaudhery has a long association with HSIIDC. He was Additional MD of the Corporation for some time before he took over as the MD. He held this portfolio twice during his tenure with the State Government. Being soft spoken and affable Mr. Chaudhery earned the love and affection of all those who came into contact with him. As Financial Commissioner and Principle Secretary Industries, he has been instrumental in providing and implementing the new industrial policy 2005 of the State Government.

We wish him all the success in his new assignment.