The Haryana government has decided to evolve five new cities along the Kundli-Manesar-Palwal Expressway(KMP Expressway), minister for industries and commerce, Vipul Goel said, on August 28, 2018. To be developed within 2 K.M. on either side of the Expressway, the area would be named ‘Panchagram’, the minister said, adding that the cities, however, will have different names. Goel said the government has already prepared a draft Panchgram Development Authority Bill, which would be introduced in the state assembly, after the cabinet’s approval.
KMP Expressway – Minister’s View
The minister gave the information at a press conference on MSME Funding, by the PHD Chamber of Commerce. “In coming times, the KMP Expressway would completely transform the industrial scenario in Haryana. The present government has provided facilities to entrepreneurs, to give a boost to the industrial sector in the state. Also to create large-scale job opportunities,” Goel said. The industrial and commercial townships were being set up on 3,300 acres at Kharkhoda, Sonipat. This would be the first-of-its-kind township in the state, he added.
Similarly, an industrial model township has been developed on 1,400 acres in Sohna of Gururgram. Both of these townships would be connected to the KMP Expressway. Sohna township would also be linked to the Gurugram-Sohna-Alwar Highway. He said the state government has planned to develop an industrial corridor along KMP Western Expressway, with world-class facilities.
Terming micro, small and medium category of industries as the ‘backbone of the industrial sector‘, will strengthen the industry. The MSME industry could be started with small capital and it would create large employment opportunity, he said. He said the government was working to formulate an MSME policy, which was in the final phase of development and would soon be released. It would prove to be a milestone for the MSME sector, Goel said.
The state government has also encouraged industries under the Enterprise Promotion Policy-2015. The policy provides for subsidies on investment and interest on loans, besides assistance in technology acquisition and help for testing equipment, the minister said, adding that it also provides for the refund of stamp duty and lower electricity tariff for industries.