Haryana State Board Approves Rs.15 Bn for Infrastructure

02 Feb 2024 CW Team

In a significant move, the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has obtained approval to borrow ?15 billion for financing a range of infrastructure initiatives. The sanctioned funds are earmarked for diverse projects, including industrial infrastructure, technology parks, and land development at various locations.

This decision underscores HSIIDC's commitment to advancing the state's infrastructure landscape, aligning with the broader goal of fostering economic growth and industrial development. The approved borrowing signifies a strategic financial move to facilitate key projects that contribute to Haryana's overall progress.

The allocation of funds for industrial infrastructure and technology parks indicates a focus on creating a conducive environment for business and technological advancements. Additionally, the emphasis on land development across various locations suggests a comprehensive approach to address infrastructure needs in different parts of the state.

As Haryana aims to position itself as a hub for industrial and economic activities, the approval for borrowing substantial funds reflects a proactive stance in mobilizing resources for crucial development projects. The utilisation of the sanctioned amount is anticipated to play a pivotal role in shaping the infrastructure landscape, contributing to the state's economic resilience and long-term sustainability.

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