Haryana Enterprise Promotion Board (HEPB) on Thursday approved seven mega investment proposals, which have requested for the special incentive package as provisioned in Enterprise Promotion Policy.

The HEPB which met under the chairmanship of chief minister Manohar Lal Khattar, recommended package of incentives for projects Panasonic India, Enrich Agro, Kandhari Beverages, Star wire (India) Limited, Gurutech Infra Earth Private Limited, Atotech Development Center Private Limited and KAP CONES Private Limited.

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It was informed that cumulatively Rs 1,587 Crore investment, having employment potential of 2,200, would be on grounded very soon across the districts such as Panchkula, Rewari, Jhajjar, Rohtak, Ambala, Faridabad and Gurugram.

Further, one of the objectives to attract the investment in thrust sector also would be met through these investment which is proposed across the sector such as R and D, Food Processing, ESDM, and Component Manufacturing for Aerospace and Defence Sector.

The customise package approved basis a very objective tool which estimate the tax benefit to the state and a certain proportion, depending on the location, out of that benefit to be shared with the investors.

Further it was informed that the Indian Oil Corporation Limited (IOCL) would initiate production of 2nd Generation Ethanol by utilising surplus crop residues and other biomass as feedstock at village Baoli, district Panipat. The capacity of proposed plant would be 100 Kilo Litre of Ethanol per day.

As pr official information, the Indian Oil has proposed to procure over two lakh tonnes rice straw, that is total production of four districts Karnal, Panipat, Sonipat and Kurukshetra.

It is considered that this would help in curbing the pollution emission to a significant extent, by utilising the straw as raw material, which currently is being burnt by the Farmers resulting in occurring of pollution menace every year especially during winter season.

It was also informed that this project would also help reduce the effort farmers have to undertake for the burning process as the firm would be setting up the extensive infrastructure for speedy collection of these straws so that farmers would not be missing on crop cycle.

Moreover, it would also add on to the farmers’ income as they would be offered a reasonable price for the straw firm would procure. This project has a considerable potential to generate direct and indirect employment, said an official spokesperson.