Haryana is set to develop a new Industrial Model Township (IMT) in partnership with Japanese companies, aiming to boost industrial growth, green energy, and advanced manufacturing. This collaboration aligns with Haryana's vision to strengthen its position as a leading global industrial hub and create new employment opportunities.
Haryana’s Industries Minister Rao Narbir Singh announced plans to develop an Industrial Model Township in close cooperation with Japanese firms. This initiative, a part of Haryana’s larger industrial policy update, is designed to accelerate economic growth and infrastructure development in the state.
The announcement follows a recent delegation visit led by Chief Minister Nayab Singh Saini to Japan to attract investment and enhance bilateral industrial cooperation. Notably, half of Haryana’s proposed ten IMTs have already received approval, and at least one IMT will be developed with the expertise and investment of Japanese firms.
Japan’s role in Haryana’s industrial landscape is well-established, with over 600 Japanese companies operating across various sectors, contributing to substantial employment and technology transfers. The new IMT will specifically focus on electric vehicle manufacturing, green energy, smart mobility, and sustainable infrastructure.
Notable Updates
-
The proposed IMT will promote electric vehicles with values up to ₹40 lakh, in collaboration with Japanese companies.
-
The government aims to expand its focus on green energy and environmentally sustainable urban development.
-
Investments worth ₹5,000 crore from Japanese firms were formalized during the recent Japan visit, underscoring deepening economic ties.
-
Haryana has become a key destination for Japanese investment in India, especially in Gurugram and surrounding regions.
-
The model township will incorporate smart manufacturing technologies and eco-friendly design principles.
Major Takeaways
-
The collaboration will strengthen Haryana’s industrial infrastructure and global economic positioning.
-
Japanese partnership brings reliable technology, investment, and work culture to boost local industries.
-
Focus on electric vehicles and green energy aligns with national sustainability goals.
-
The joint IMT project will generate employment and skill development opportunities.
-
Haryana’s industrial policy upgrade fosters a pro-business environment attracting global investors.
Sources: Hindustan Times, Haryana Chief Minister Office, ANI News.