With industrial investments touching Rs 3,000 crore, Bawal Industrial Growth Centre has emerged as a hot destination for both Indian as well as global multinationals.
After the overwhelming success in the first phase, the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has decided to float new plots for the second phase of the growth centre. The corporation will float new plots under three categories including 25 plots of 500 sq mt, 52 plots of 1,000 sq mt and over 52 plots of 1,800 sq mt.
?The advertisement inviting expressions of interest for these plots will be published next week. The plots will be sold at a hiked rate of Rs 1,850/sq mt instead of the old price of Rs 800/ sq mt. In the second phase we will encourage the development of small and medium enterprises under general category. Out of the 1,000 acres acquired by HSIIDC, companies like Caparo, Omaxe Auto, LS cables Ltd and many others have been allotted space,? a senior official informed FE.
Bawal has topped the investment charts of NRI industrialist Lord Swaraj Paul-founded Caparo group. Recently the company acquired 100 acres at the growth center for development of six new engineering ventures for its Indian division of vehicle products.
The companies which have been allotted land include big names like Japanese auto components major Mitsui Kinzoku, Asahi India Glass, Pearl Global Readymade Garments Exporters, Liberty Shoes, Ucal Fuel Systems, Asian Colour Coated, Nipon Leakless Talbros, NTN, NGK Spark Plugs. Some others which involve 100 percent FDI include Eurotherm Hema Radiators, Los Angeles Candy, Musashi Autos, Caparo Maruti. Prominent companies already operating in Bawal include YKK, Nerolac Paints, Becton Dickinson, and REI Agro etc. Different sectors have also been earmarked for various other purposes like housing, institutional and commercial activities.