Haryana yet to decide on Nanocity plea

This proposal, however was accepted by the Haryana Investment Promotion Board (HIPB) in its last meeting in January. But it is learnt that the promoter has further proposed to curtail the size of the land to merely 500 acres. Talking to FE, YS Malik, financial commissioner and principal secretary, Haryana industries and commerce said, “The matter will be taken up in the next meeting of the HIPB and its date has not been decided yet. The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) will review the progress of the project and the same will be discussed in the next meeting.”

The project, which is proposed to come up at Raipur Rani in Panchkula district, has failed to kick off since the last five years. The state government had also issued an ultimatum last year to the Sabeer Bhatia group (promoter of Nanocity) to submit the final plans by November 2010 or the project be scrapped. The HSIIDC served notice on promoter as even after signing the MoU for the project in June 2006, it failed to acquire any land. The promoter company upon reconsideration, proposed to reduce the land size of the project, from the earlier 11,000 acres, to less than 2,000 acres.

On the other hand, the developer awaits the decision from the state

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