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⁠⁠New Industrial Manufacturing Hub Planned Near Hisar Airport

Written by: Team Angel OneUpdated on: Apr 16, 2025, 2:07 PM IST
Haryana is set to witness a major boost in industrial development with the announcement of a new Industrial Manufacturing Cluster (IMC) in Hisar.
⁠⁠New Industrial Manufacturing Hub Planned Near Hisar Airport
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Haryana is set to witness a major boost in industrial development with the announcement of a new Industrial Manufacturing Cluster (IMC) near Maharaja Agrasen Airport in Hisar. Spread across nearly 3,000 acres, the project will be developed at an estimated cost of ₹4,680 crore through a partnership between the Haryana government and the National Industrial Corridor Development Corporation (NICDC).

The IMC is part of the larger Amritsar-Kolkata Industrial Corridor initiative and is expected to be the largest such cluster under the plan. It will be developed in two phases and aims to attract investments worth ₹32,000 crore while generating over 10,000 employment opportunities.

Strategic Location and Infrastructure

The proximity to the newly operational Maharaja Agrasen Airport is expected to give the IMC a strategic logistical advantage. Out of 7,200 acres demarcated in the region, around 4,212 acres are already occupied by the airport, while the remaining 2,988 acres have been earmarked for the IMC.

The project will include modern infrastructure such as internal roads, a water treatment facility, and a solid waste management plant. A Memorandum of Understanding (MoU) between NICDC and the Haryana government is expected to be signed soon to formalise the partnership.

A Step Toward ‘Viksit Haryana’

Chief Minister Nayab Singh Saini, who chaired the planning meeting, emphasised that the IMC will play a crucial role in realising the vision of a ‘Viksit Haryana’ as part of the broader ‘Viksit Bharat’ mission. He also reiterated the state’s commitment to establishing 10 Industrial Model Townships (IMTs) to further accelerate economic growth.

With the additional Delhi-Mumbai Industrial Corridor project bringing a multi-modal logistics hub to Nangal Chaudhary, Haryana is positioning itself as a key industrial hub in northern India.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Apr 16, 2025, 2:07 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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