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Haryana approves incentives worth Rs 1246 crore to upcoming mega projects of Adani Wilmar, Aarti Green, Amperex, Wonder Cement

The Chief Minister said that the setting up of these Mega Projects would not only bring investment to the State but also provide ample job opportunities to the youth and boost the State economy. This approval was granted in the 7th meeting of the Board inn Chandigarh today.

, ET Bureau|
Last Updated: Feb 11, 2020, 08.01 PM IST
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CHANDIGARH: The Haryana Enterprise Promotion Board (HEPB), under the chairmanship of Chief Minister, Manohar Lal today approved special package of incentives amounting to over Rs 1246 crore to four Mega Projects to be established in the B, C and D category of Blocks in the State.

This approval was granted in the 7th meeting of the Board here today.

The Chief Minister said that the setting up of these Mega Projects would not only bring investment to the State but also provide ample job opportunities to the youth and boost the State economy.

The Board also accorded approval for filling up 14 posts in Bureau of Industrial Policy and Promotion (BIPP) and 35 posts in Haryana Enterprise Promotion Center (HEPC) on contractual basis for further strengthening of HEPC and BIPP. It also decided that the authorization for approval of special package of incentives in such cases where the quantum of incentives is within the defined guidelines and limits as approved by HEPB be delegated to the Administrative Secretary of Industries and Commerce Department.

The grant of special package of incentives to the Mega Projects was approved by the Board on the recommendation of Executive Empowered Committee (EEC) headed by Principal Secretary to Chief Minister. While an incentive of Rs 30.06 crore was approved for Aarti Green Tech Limited, incentive amounting to Rs 65.94 was approved for Adani Wilmar Limited, Rs 298.08 crore for Wonder Cement Limited and Rs 852 crore for Amperex Technology Limited.

As per the Haryana Enterprises Promotion Policy-2015, the Mega Projects include all projects involving fixed capital investment of Rs 100 crore and above, or generating direct employment of more than 200 persons in ‘D’ category blocks and fixed capital investment over Rs 100 crore or generating direct employment of more than 500 persons in ‘B’ and ‘C’ category blocks.

Aarti Green Tech Limited, a fully integrated steel manufacturing company with manufacturing facilities of Carbon and Alloy Steel Rounds and Squares, Sponge Iron, Power and Ferro Allows has decided to set up a unit for steel scrap processing over 9.92 acres of land in IMT Rohtak in ‘B’ category block. In the first Phase, the Company has proposed an investment to the tune of Rs 151 crores with an employment potential of 129 persons.

Adani Wilmar Limited (AWL) is a leading agro and food processing company of India with annual turnover of more than Rs 26,000 crore. The edible oil brand “Fortune” of Adani Wilmar Limited is market leader in India in edible oil sector. AWL is setting up a new unit at Gohana-Mundalana, ‘C’ Block; district Sonipat in Agro and Food Processing. The project would include a rice mill, rice to rice milling and grading, solvent extraction plan and rice-bran oil refinery unit. The project would come up on 67 acres with an investment of Rs 450 crores and provide employment to 600 to 1000 persons.

Wonder Cement Limited (WCL) is a leading global cement grinding unit. The WCL intends to set up cement grinding unit on 50 acres in village Jhanswa, sub Tehsil Sahalwas, Jhajjar, ‘Block-D’ with an investment of Rs 300 crore. The project unit having a capacity of 2.5 millions tons of cement grinding would provide employment to 750 persons.

Amperex Technology Limited (ATL) is a Hong Kong based firm engaged in the manufacturing of rechargeable Lithium Ion Polymer (LIP) batteries. It is a global leader in supplying LIP batteries across the world. ATL was established in 1999 in Hong Kong and now has two cell manufacturing facilities in China. The Company plans to set up its manufacturing facility for rechargeable Lithium-ion cells and batteries at IMT Sohna (Sector-20) located in Block ‘C’-Indri over 179 acres with an estimated installed capacity of 220 million pieces per year. It also plans to make investment of Rs 7083 crore over a span of six years. It will supply batteries to industries including smart phones, two and three wheeler e-vehicle industry and other applications.

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