Haryana Proposes Parks For Bulk Drugs, Medical Devices, Electronics

CHANDIGARH, 22 JUNE 2020:

In line with the Union government’s plan to give a fillip to local manufacturing, Haryana has planned three major projects — a bulk drug park in Panipat, a medical device park in Karnal and an electronics park in Sohna. The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) will develop these sites.

Soon after the outbreak of Covid-19 in the country, the Union Cabinet had in March this year approved incentive schemes to promote domestic manufacturing in electronics and health sectors. This was in alignment with the Make in India scheme, wherein the Centre has announced several financial and tax benefits for the startups.

According to information, 150 acre land has been earmarked in Karnal for the proposed medical devices park and 800 acre in Panipat for the bulk drug park, while 400 acres of land have been earmarked in Sohna for electronic devices manufacturing park.

"All these projects have been conceived in accordance with the plans of government of India. As Panipat and Karnal are centrally located and easily accessible for all northern states, we are hopeful of getting the Centre’s approval,’’ said HSIIDC managing director Anurag Aggarwal.

In fact, the post Covid-19 situation is expected to be more conducive for attracting FDIs for projects at these locations, added Aggarwal. HSIIDC is hopeful of getting business for bulk drugs from Himachal Pradesh, UP, Rajsthan, Punjab and other states having pharmaceutical units. Incidentally, Himachal also plans to set up similar projects in the hill state.

Similarly, the medical devices park is also likely to cater well to the country’s entrepreneurs, given its location in Karnal — in close proximity to the national capital.

Referring to the electronics park plan for Sohna, officials said a Korean company has already expressed its keenness to invest there. The company already has one unit in Manesar.

According to information, HSIIDC has also brought changes to the layout plan and FAR system of the proposed projects. Besides increasing the FAR area of the industrial projects, special arrangements have been made for the in-situ projects. The Times Of India