Chief Minister Bhupinder Singh Hooda today said the state government would review and update its industrial policy. He was speaking at the opening of the Hollister Plant at Bawal.

The plant would involve an investment of Rs 250 crore and provide employment to at least 1,100 persons.

Hooda said the government realised that availability of world-class infrastructure was necessary to facilitate sustainable development and the flow of foreign direct investment to the state.

“We are one of the leading states in the country in terms of a number of consumer products like passenger cars, motorcycles, refrigerators, washing machines and bicycles. “It is home to several export-oriented units. Multi-national companies like Honda, Suzuki, Denso, Norcool, Baxter, Yokohama, Yakult-Danone, JCB, Mitsubishi, to name a few, have set up their manufacturing base in Haryana.

During the past four-and-a-half years, the state has attracted investment to the tune of Rs 40,000 crore from both domestic and international sources and investment worth Rs 90,000 crore is in the pipeline.”

He congratulated the project team for acccomplishing the task of manufacturing disposable medical devices in a short span and also thanked the management for keeping faith in the government.

He said it was the government endeavour to reduce regulatory burden by facilitating time-bound clearances. The Industrial Policy 2005 and Industrial Promotion Act 2005 addressed these objectives.

Claiming his government had been voted to power again, he said the government had taken a number of major initiatives, especially to improve connectivity.

The Kundli Manesar Palwal (KMP) Expressway, upgradation of highways and metro rail connectivity would be landmarks in this area. The government had also taken up a number of new power projects and he was sure that soon “we will be able to meet the expectations of our stakeholders in this area too”.

But the success achieved on various fronts would be nullified unless backed by skilled workmanship.To achieve this, the government had adopted a two-pronged strategy, which included reforms in education system and upgrading educational infrastructure.

Rajiv Gandhi Education City was being set up in Kundli in Sonepat where institutes of excellence for higher learning and research would be set up.

The government had allotted land for institutes like the Indian Institute of Corporate Affairs at IMT Manesar, the National Institute for Food Technology and the Entrepreneurship and Management (NIFTEM), Kundli.

The government had also devised a comprehensive Rehabilitation and Resettlement Policy under which developers were under an obligation to create facilities for capacity-building for the population displaced.