HSIDC in pact with IDMA Group

IDMA Group of UK has signed an Memorandum of Understanding with HSIDC for attracting investment from its associate firms of UK and HongKong in the areas of bio-technology, infrastructure, food storage & bulk handling, gaming/casinos and electronics in Haryana. The MoU entails both the parties to negotiate for setting up projects in the above-mentioned areas and to set the terms and conditions of a formal agreement to be entered into witin the period of next six months. 

The IDMA Group shall help HSIDC in setting up a genome & bio-engineering research facilities through its associate company M/s Allcare Health Products.  In the field of infrastructure and industrial parks, the group proposed to mobilise investment as a member of consortium, which is handling similar projects in Saudi Arabia. IDMA Group through its Chinese operations has vast contacts with Hong Kong based industrial groups which are scouting for setting up manufacturing bases outside China.   The group has also been contacted by one of the world’s largest gambling companies for setting up its operations in the developing world.   One of the associate companies of the group also plans to set up a 40 million pounds project for modular housing using agro waste as a raw-material. 

The IDMA Group has operations in UK, India and Hong Kong through associate companies Allcare Health Products (UK) Ltd., IDMA Laboratoreis UK, IDMA Laboratories Hong Kong & IDMA Laboratories India.  The manufacturing operations of the group include pharmaceuticals, biotech products and maize starch in India, UK and China.   The other operations include venture capital funding, project management and services, quality testing services etc. The pharmaceutical and biotech products of the group are exported to over 20 European and Asian countries.  In India, the Group is currently negotiating a contract for manufacture of Indian ethnic foods for the European market under private label between Markfed of Punjab and a British Company.   It has also negotiated a contract with a leading casino and gaming company for advising them on an entry strategy for new emerging markets. 

Instant allotment camp at Manakpur

HSIDC organised an instant allotment camp for allotment of fully developed industrial plots at Manakpur near Jagadhari  (Yamunagar) as a part of its aggressive marketing.  The camp evoked a very encouraging response from the local industrialists and the Corporation was able to allot 41 plots of various sizes in a single day as against 21 plots allotted so far during the last three years.   Addressing the entrepreneurs on this occasion, Dr. Harbakhsh Singh, M.D., HSIDC informed that in view of peaceful industrial atmosphere in the state, a large number of industries are inclined to set up  industries in Haryana.  He appealed to the entrepreneurs to set up industries in the HSIDC complex at Manakpur, as the Corporation has already provided the entire infrastructure including a bank, post office and shopping booths. 

The Corporation has developed a modern industrial estate at Manakpur on the Jagadhri-Chhachhrauli road, 5 km. from Jagadhari.   Spread over an area of 135 acres, the Manakpur estate has been planned as a model industrial estate with the latest infrastructure.   Out of its total area, 75.88 acres have been carved into 214 industrial plots of various sizes ranging from 450 sq. mtrs. to 4050 sq. mtrs.   The remaining area has been reserved for internal roads, public utilities, an electric sub-station and green belts.  A three acre plot has been allotted to the Central Warehousing Corporation for setting up a modern complex in this estate. 

Finance for commercial complexes

With a view to broad base its activities, the Corporation has decided to include commercial complexes in the purview of its term lending activity. The decision has been taken to meet the persistent demand of a large number of entrepreneurs who are deviating into the real estate business in Haryana. The commercial complex under the scheme has been defined as a building for the purpose of market outlet, business centre, departmental store, corporate offices etc. 

The term loan limit under the scheme has been fixed at Rs.10 crore with a minimum promoters’ contribution of 30 percent and a debt equity ratio of  not more than 1:1.  The repayment period for this loan shall be 8 years including a moratorium of one and a half-years. The rate of interest applicable to this scheme shall be the same as applicable to industrial units in medium and large scale sector. 

To avail this loan, the land on which the commercial complex is proposed to be constructed should be in the name of the company or its promoters and the same could be mortgaged with the Corporation. The total exposure of the Corporation should not exceed 15 percent of the loan portfolio of the promoter company.  The facility is also available for the existing functional commercial complexes in Haryana for the purpose of renovation and acquisition of additional space.   The new scheme wouldb encourage the construction of commercial complexes in the major towns of the State as a supporting infrastructure for the industrial complexes developed by HSIDC. The Corporation has already developed commercial complexes at Udyog Vihar Gurgaon and IMT Manesar, which has become the preferred destination for a large number of MNC’s and business houses.   In the first auction held for a commercial site measuring 4032 sq. mtrs. at IMT Corporate Towers Manesar, the Corporation fetched Rs.3.21 crore as against the reserve price of Rs.1.94 crore. 

Haryana to set up food parks

Shri L.M. Goyal, Chief Secretary Haryana addressing press conference on the occasion of ‘Haryana Diwas’ celebrated during the IITF 2001 at Pragati Maidan in New Delhi said that incentives would be given to entrepreneurs to set up food processing units in the State.  He informed that four food parks of truly international standard are being set up with the assistance of the Govt. of India at Dabwali, Saha, Narwana and Rai.  At a later stage, another food park could also come up at Jhajjar, which is one of the backward districts in the State. The first food park has already been carved out of the existing industrial estates being developed by HSIDC at Rai in Distt. Sonipat where industrial plots have been allotted to more than 70 food processing and allied units. A composite testing laboratory meeting international quality certification standards is being set up in this park in collaboration with a U.K. based company of repute. Shri Goyal further disclosed that the Government was also considering an agricultural export zone for Basmati quality of Rice where a full package of technology alongwith marketing support would be provided to the farmers for improving the quality of rice to compete in international market. 

Overseas Manpower Bureau 

The Corporation has decided to set up an Overseas Manpower Bureau to provide overseas job placement for skilled, semi-skilled and the professionally qualified manpower. The scope and objectives of this bureau will include the establishment of computerised database and to arrange and conduct interviews to help foreign delegates in selecting candidates. The other objectives of this bureau include the arrangement for medical check-up and other tests of selected candidates, visa endorsement of candidates from concerned embassy, emigration clearance and air tickets. In addition to establishing a business centre with upto-date modern facilities for conducting  interviews, the bureau would also provide a brochure containing necessary information for circulation to the foreign importers.   The bureau will also help in obtaining visa, air tickets and completion of other formalities in respect of the family members of selected candidates. 


Rabo India Fin to advise MIDC on Pune biotech park 

Maharashtra Industrial Development Corporation (MIDC), is developing a biotechnology park in Pune.   It is also looking for a technological partner, who would infuse equity in the project and take the project forward. 

The project is estimated to cost around $ 50 million.  The biotech park will enable academia and entrepreneurs to come together  since it has facilities for incubation and research.   Maharashtra is a very attractive destination for biotech companies, as the government’s policy is very encouraging. The government of Maharashtra is also launching a biotech park in Baramati district. 


RFC seeks new technology for small sector

The Rajasthan Financial Corporation (RFC) is scouting for state of the art technologies for new projects as well as technological upgradation and modernisation of existing sectors in and outside the state and has joined hands with the Technology Bureau for Small Enterprises (TBSE). 

RFC is working upon a plan to enter into a formal memorandum of understanding with TBSE.   TBSE is a joint venture of SIDBI and the United Nations-Asian Pacific Centre for Transfer of Technology (UN-APCTT) with an object to provide technological, marketing and other support exclusively for the small and medium scale sector. 

TBSE has set up joint ventures and collaborations with over 25 companies from the US, France, Italy, China and Germany, and Indian entrepreneurs, covering a variety of products and processes.   It is also helping 94 entreperneurs in technology upgradation and modernisation.