Haryana government signs Rs 20,000 Cr worth MoU to set up trading hub

Nov 3, 2017 15:07 IST
Haryana government signs Rs 20,000 Cr worth MoU to set up trading hub

The state government Haryana on 2 November 2017 signed a memorandum of understanding (MoU) with an integrated trade facilitation services organisation - Verbind - to set up a logistics and trading hub in the state.

Under the pact, the state will assist the organisation in obtaining the necessary approvals, registrations and clearances with reference to the projects from relevant departments, in line with existing rules and regulations.

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Key Highlights

• The trading hub is expected to be built in an area of 600 acres near Gurugram.

• The public-private project is expected to generate employment for around six lakh people.

• It is also expected to attract investment worth Rs 20,000 Cr.

• The role of nodal agency for the project will be played by the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC).

The state of Haryana is ranked first among north Indian states in the ease of doing business index of the union government and sixth overall.

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