| |
|
|
|
|
Project PromotionAs an Institutional entrepreneur, HSIIDC, in the pre liberalisation period, was continuously engaged in undertaking techno-economic studies about the scope of setting up various industrial ventures to achieve rapid industrialisation in the State and used to identify and conceive viable large and medium scale projects, obtain Letter of Intent/DGTD Registrations/SIA Registrations from Government of India where ever required and promote them in Public, Joint and Assisted Sector in accordance with the guidelines of the Govt. of India and the State Govt. in association with private promoters. But after the liberalised policy of licensing, HSIIDC has been promoting projects in the Assisted Sector only by way of equity participation. While selecting the projects for promotion, efforts are made to set up more and more units in relatively industrially backward areas to bring about balanced regional growth by proper dispersal of industries throughout the State so that the benefits of planned economy are reaped in every nook and corner of the State. In the Public Sector,
HSIIDC or the State Government holds 51% to 100% of the equity share capital, in the joint
sector the investment of Corporation and co-promoters is 26% and 25% respectively and
remaining 49% comes from public participation. In assisted sector the Corporation's
investment is limited to 15% of equity. HSIIDC associates in promotion of the projects
identified by private promoters in the assisted sector under the Memorandum of
Understanding Scheme. As a promotional organisation, HSIIDC extends its full support to
the co-promoters in implementing the projects expeditiously with all technical, managerial
and financial skills available with it. The Scheme envisages disinvestment of HSIIDC's
shareholding after a period of three years from the date of commercial production or five
years from the date of first disbursement, whichever is earlier or as per the terms of
Financial Collaboration Agreement. The shareholding is bought back by the private
promoters under the buy back arrangement provided in the agreement & promoters
executed between HSIIDC. |
|||||||||||
Home
§ About Us § Financial Services § Estate Managemnet § Industiral Infrastructure ©1999 Haryana
State Industrial and Infrastructure Development Corporation, |
