LML Realty Park Gains PADMA Status to Support MSMEs in Haryana

13 Oct 2025 CW Team

LML Realty has announced that its upcoming industrial park in Haryana has been officially accredited under the state government’s PADMA (Promoting Access and Development of MSME Advancement) scheme. The recognition enables micro, small and medium enterprises (MSMEs) operating within the park to access a broad set of financial and infrastructural incentives designed to strengthen manufacturing competitiveness and innovation.

Located along National Highway 248 on the Sohna–Alwar corridor, the industrial park benefits from strategic connectivity to the Delhi–Mumbai Expressway, Gurugram, Faridabad, and the Indira Gandhi International Airport. The project offers industrial plots starting from 500 square yards, priced from around Rs 7.5 million, catering to entrepreneurs seeking ready industrial infrastructure in the National Capital Region.

Under the PADMA framework, eligible enterprises can avail incentives exceeding Rs 20 million per unit. These include a capital subsidy of up to Rs 3 million, interest subsidies between five and seven per cent on term loans, collateral-free funding of up to Rs 100 million, and a 75 per cent refund on stamp duty. Additional benefits include a 100 per cent electricity duty exemption for twelve years and a 75 per cent SGST refund for the first seven years of operations.

According to LML Realty’s Managing Director and CEO, Dr. Yogesh Bhatia, the park has been designed as a sector-neutral and innovation-friendly ecosystem, offering plug-and-play facilities, exhibition spaces, and R&D support to small and medium enterprises. He added that the PADMA accreditation reinforces LML Realty’s contribution to the state’s industrial growth and aligns with the broader “Make in India” vision aimed at supporting MSMEs with integrated infrastructure and government-backed incentives.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..