IEP Chandigarh, October 4
In a bid to promote Haryana as a leading investment destination, Invest Haryana Roadshow was organized in Dubai today. The Roadshow which was organized under the Chairmanship of the Chief Minister, Sh. Manohar Lal drew an overwhelmingly enthusiastic response from the business community of the UAE.
Deputy Chief Minister, Sh. Dushyant Chautala, Chief Principal Secretary to Chief Minister, Sh. DS Dhesi, Additional Chief Secretary, Industries and Commerce Department, Sh. Anand Mohan Sharan, Principal Secretary to Chief Minister and Chairman HSIIDC, Sh. V Umashankar, MD HSIIDC, Sh. Vikas Gupta accompanied the Chief Minister.
During the Roadshow marketing of key marque projects of the State such as the Global City at Gurugram, Integrated Multi-Modal Logistics Hub at Nangal Chaudhary, Integrated Aviation Hub and the Integrated Manufacturing Cluster at Hisar, and Electronics Manufacturing Cluster at Sohna was done.
In his inaugural address, the Chief Minister spoke about different initiatives such as sector-focused investor-friendly policies, GIS land bank, investor facilitation cell, single roof clearance mechanism, time-bound delivery of services, grievance redressal system etc. which have been undertaken by the State so as to emerge as a leading destination of choice for investors and to create a seamless business environment.
Sh. Manohar Lal also shared his vision of developing the State with an intensive focus on modern technology fields, future-oriented industries, low carbon green infrastructure and ease of living.
He also highlighted the economic and cultural relationship between UAE and India. He also invited the UAE-based investment community to invest in the different projects of the State and further build long-lasting bonds on the seeds of trust and cooperation between the State and UAE.
The Roadshow was kicked off with a Welcome Address by the Consul General, Consulate General of India, Dubai, Sh. Aman Puri, followed by opening remarks and context setting address by Additional Chief Secretary, Industries and Commerce, Sh. Anand Mohan Sharan. Later, MD HSIIDC, Sh. Vikas Gupta gave a detailed presentation on the key investment opportunities in Haryana.
In the presentation it was highlighted how Haryana with its unique strategic locational advantage, robust industrial infrastructure of 34 Industrial Model Townships and Industrial Estates spread over 28,540 acres, strong connectivity, robust policy frameworks and a large pool of skilled manpower has emerged as one of India’s most industrialized states and a leader in the Automobile, IT/ITeS, Electronics, Food Processing, Logistics and Textile sectors.
Key Mega Projects of Haryana such as Global City, a mixed land use township being developed over approx. 1080 acres in Gurugram with the aim of redefining the concept of urban development and what cities of the future shall look like through its sustainability-focused future-oriented infrastructure planning and design, the Integrated Multi Modal Logistics Hub being developed over 886 acres at Nangal Chaudhary to provide efficient, end-to-end logistics services to the Delhi-Mumbai Industrial Corridor and facilitate economic activity between NCR /Northern States and Mumbai port, the Integrated Aviation Hub being developed at Hisar over 7200 acres and the Integrated Manufacturing Cluster being developed over 300 acres in the vicinity of the Aviation Hub, and the Electronics Manufacturing Cluster being established at IMT Sohna were highlighted amongst others. Different opportunities available for investment in the Industrial Estates and Sector-specific clusters such as food parks etc. were also highlighted.
Investment opportunities discussed with ADIA
During his Dubai visit, the Chief Minister conducted a detailed discussion on the Key Investment Opportunities in the State with the Abu Dhabi Investment Authority, one of the world’s largest sovereign wealth funds in Abu Dhabi. The discussion focused on promoting Haryana as a leading investment destination and marketing key marque projects of the State such as the Global City at Gurugram, Integrated Multi-Modal Logistics Hub at Nangal Chaudhary, Integrated Aviation Hub and the Integrated Manufacturing Cluster at Hisar among others.
Established in 1976, ADIA is a sovereign wealth fund that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation. ADIA is ranked as the third largest sovereign wealth fund in the world in 2022 with over $708 billion in assets and has a diversified portfolio that spans geographies, asset classes and asset types. Major focus sectors for investment include Real Estate and Infrastructure apart from different financial instruments such as equities, fixed income securities etc.
The ADIA Group appreciated the efforts of the Haryana Government and showcased a keen interest in the projects. The Group also provided their inputs on the different upcoming projects from the point of view of planning, marketing, positioning and support that would be required from HSIIDC and State Government to ensure the successful implementation of the projects.
Chief Minister chairs meeting with Aldar Group
The Chief Minister discussed the State Government’s Global City Project with the Aldar Group in Abu Dhabi. The discussion focused on marketing the Global City Project and seeking the valuable inputs of the Group so as to generate their interest in participating in the Project.
The Aldar Group lauded the visionary thinking of the Haryana Government for the conceptualization and development of the project and envisaged keen interest to invest in the Project as they were seeking a foothold in India and the project would provide them with a launchpad for the same. The Group also provided their inputs on the project from the point of view of planning, infrastructure, marketing, positioning and support that would be required from HSIIDC and State Government to ensure the successful implementation of the project.
The Aldar Group, headquartered in Abu Dhabi, is one of UAE’s largest real estate development and asset management companies by market value. The group has developed several iconic destination projects in the UAE such as the Yas Island which includes the Yas Marina Circuit, Ferrari World and Yas Hotel Abu Dhabi, the Saadiyat Island, Reem Islands etc., and the Group’s investment arm manages an AED 39 bn portfolio of quality real estate assets across the retail, residential, office, education and hospitality sectors.
Chief Minister meets Sultan Ahmed Bin Sulayem
The Chief Minister also held an important meeting with Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World, in Dubai. The meeting was focused on marketing the Integrated Multi-Modal Logistics Hub Project at Nangal Chaudhary and seeking the valuable inputs of the Group so as to generate their interest in participating in the Project.
Formed in 2005 by the merger of Dubai Ports Authority and Dubai Ports International, DP World is one of the world’s leading logistics companies. It specializes in cargo logistics, port terminal operations, maritime services and free trade zones and handles 70 million containers that are brought in by around 70,000 vessels annually – this equates to roughly 10 percent of global container traffic. Until 2016, DP World was primarily a global ports operator, and since then it has acquired other companies up and down the value chain.
