Difference between revisions of "Haryana State Industrial and Infrastructure Development Corporation"

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Haryana State Infrastructure and Industrial Development Corporation (HSIIDC) was established on 8 March  1967, under the provisions of the Companies Act, 1956 <ref>http://hsiidc.org.in/</ref>. HSIIDC is a state-owned agency of Government of Haryana headquartered at Panchkula.
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The main objectives of HSIIDC are to promote industrial and infrastructure development in Haryana under the management of the Department of Industries and Commerce. HSIIDC acquired vast tracts of land at prime location for carrying out industrial activities and infrastructure projects but kept them unused.
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According to Comptroller Auditor General (CAG), HSIIDC acquired 7,540 acres of land (equal to 5,712 football fields) valuing  ₹ 4,485 crore during January 2006 to April 2013 for setting-up industries and carrying out infrastructure projects but kept them unused <ref>http://aghr.cag.gov.in/Commercial_16_17_ENG.pdf</ref>. The land was acquired to give
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a boost to MSME sector under the Industrial Policy 2011-2015 of the Haryana Government.
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In 2006, HSIIDC acquired 668 acres of the land valuing  ₹ 368 crore in Manesar for the development of Phase-V in Industrial Model Township. In the same year, the company acquired 1,590 acres of land valuing ₹ 1,619 crore for setting up SEZ in Gurugram. In 2008, 385 acres of land valuing  was acquired by the company for institutional purpose in Rai. In July 2011, HSIIDC acquired 195 acres of land ₹ 77 crore in Bahadurgarh for setting up 2100 MW gas-based power plant and Sewerage Treatment Plant. In 2013, another 3201 acres of land valuing  ₹ 1,577 crore was acquired by the company for the development of Industrial Model Township in Kharakoda (Sonepat),
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<br>
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CAG revealed that no development has been taken up on the acquired land as on March 2017. CAG clearly points out that the lack of planning and implementation issues lead to the non-utilization of the huge tracts of land acquired by HSSIDC. However, the company also failed to give a boost to MSMEs.
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These agencies acquire huge tracts of land at prime locations of in the name of industrial development and end up misusing them. This hampers the development and creates an artificial scarcity of land in major cities. Refer to the map and accompanying table for details.
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[[File:HSIIDC.png|center]]
 
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| align="center" style="background:#f0f0f0;"|'''₹ 4,485 crore'''
 
| align="center" style="background:#f0f0f0;"|'''₹ 4,485 crore'''
 
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==References==

Revision as of 13:07, 24 October 2018

Haryana State Infrastructure and Industrial Development Corporation (HSIIDC) was established on 8 March 1967, under the provisions of the Companies Act, 1956 [1]. HSIIDC is a state-owned agency of Government of Haryana headquartered at Panchkula.
The main objectives of HSIIDC are to promote industrial and infrastructure development in Haryana under the management of the Department of Industries and Commerce. HSIIDC acquired vast tracts of land at prime location for carrying out industrial activities and infrastructure projects but kept them unused.
According to Comptroller Auditor General (CAG), HSIIDC acquired 7,540 acres of land (equal to 5,712 football fields) valuing ₹ 4,485 crore during January 2006 to April 2013 for setting-up industries and carrying out infrastructure projects but kept them unused [2]. The land was acquired to give a boost to MSME sector under the Industrial Policy 2011-2015 of the Haryana Government.
In 2006, HSIIDC acquired 668 acres of the land valuing ₹ 368 crore in Manesar for the development of Phase-V in Industrial Model Township. In the same year, the company acquired 1,590 acres of land valuing ₹ 1,619 crore for setting up SEZ in Gurugram. In 2008, 385 acres of land valuing was acquired by the company for institutional purpose in Rai. In July 2011, HSIIDC acquired 195 acres of land ₹ 77 crore in Bahadurgarh for setting up 2100 MW gas-based power plant and Sewerage Treatment Plant. In 2013, another 3201 acres of land valuing ₹ 1,577 crore was acquired by the company for the development of Industrial Model Township in Kharakoda (Sonepat),
CAG revealed that no development has been taken up on the acquired land as on March 2017. CAG clearly points out that the lack of planning and implementation issues lead to the non-utilization of the huge tracts of land acquired by HSSIDC. However, the company also failed to give a boost to MSMEs.
These agencies acquire huge tracts of land at prime locations of in the name of industrial development and end up misusing them. This hampers the development and creates an artificial scarcity of land in major cities. Refer to the map and accompanying table for details.










HSIIDC.png




[3] Haryana State Industrial and Infrastructure Development Corporation
# District Area (acre) Value (₹ crore)
1 Sonepat 3,201 1,577
2 Rai 385 110
3 Bahadurgarh 195 77
4 Gurugram 1,590 1,619
5 Manesar 668 368
6 Mewat 1,501 734
Total 7,540 acre ₹ 4,485 crore

References