The industrial and infrastructural development corporation in Haryana, known as the State Industrial & Infra Development Corporation (HSIIDC), has played an important role throughout its transformation from a primarily agrarian state to one with thriving industries.
The Haryana State Industries and Infrastructure Development Corporation (HSIIDC) is a public limited company that has played an integral role in developing the industrial infrastructure of India’s most progressive state, Haryana. The firm was established back on 1967 with its primary mission being “to create enabling environments for nascent industries” by providing them all necessary resources including electricity alongside other amenities like roads or water supply etc.. Today this organization controls over billion worth assets within its boundaries which include everything from power plants to airports!
Responsibilities of the HSIIDC
The HSIIDC not only sets up policies that lead to the development of industrial prospects for a state, but also carries out several other works including infrastructure and estate management.
After acquiring land, the body prepares a detailed plan for its development and executes various works including construction of roads. It also makes arrangements to provide water supply sewage disposal systems (sewage treatment plant/city dump) power sources in order that works can be executed smoothly at secondary level; this includes setting up STP/CETP with common parking facilities where commercial sites like shops might come about as well . The final step involves plantation / green belts around these areas too – making them into one happy metropolitan area!
Financial support
The Haryana State Infrastructure Development Company (HSIIDC) provides financial assistance to companies, through term loans of up to Rs 2.5 lakhs for setting up projects in the MSME sector or large scale industry except micro units; eligible also if you’re looking into expansion/diversification and modernisation options with your existing industrial unit! Service-based entities like hotels hospitals etc., can apply too – they’ll be able get a much needed boost thanks this government initiative
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Projects by HSIIDC
The agency has been instrumental in transforming Gurgaon from a sleepy town to world class business district. They were also key stakeholders involved with developing the integrated multi-modal logistics hub south of Haryana, which includes facilities like roads and ports as well acre for industrial development along this corridor called “Manesar Bawl” or ‘Investment Region’. Furthermore they helped plan out projects such was Kundli – Manesar Palwal Expressway (MEP) that will provide connectivity between two major cities within India: Delhi & Mumbai!