category Regional, chandigarh, , tags Regional, chandigarh, , DW BUREAU chandigarh Taking a giant leap towards becoming a hub for industrial growth and innovation, the Haryana Enterprise Promotion Board (HEPB), under the dynamic leadership of Chief Minister, Sh. Manohar Lal has approved a slew of ambitious proposals, totalling over Rs 1041 crore, for five Mega Projects in various districts, promising to usher in a new era of development and prosperity. With the government pledging Rs. 300 crore in incentives, these projects represent a significant stride towards economic transformation. This article delves into the details of these projects, the potential they hold, and the impact they will have on the state s economy. The Chief Minister while emphasizing the dual benefits of these Mega Projects said that not only will they attract significant investment to the state, but they will also create job opportunities for over 7100 young individuals, significantly boosting the state s economy. These projects epitomize the state s unwavering commitment to fostering growth and investment, he said. Nakshstra Biofuels Rs 380 crore investments in ethanol production is a key highlight. Their participation in the Ethanol Blending Programme (EBP) of the Government of India demonstrates their commitment to a greener future. Their choice to produce first-generation (1G) ethanol from broken rice grain as the primary feedstock aligns with India s growing sustainability goals. An amount of Rs. 57.33 crore will be paid to the company as an incentive by the state government. In Chhachhrauli, Yamunanagar, Orgo Pharma and Fuels is set to invest Rs. 107.21 crores in Active Pharma Ingredient (API) production for bulk drug manufacturing. This project not only positions itself as an import substitution initiative but also promises to supply critical components to pharmaceutical manufacturers. The government will be giving an incentive of Rs. 18.16 crore to the company. Farukhnagar, Gurugram, is poised to witness an influx of Rs. 351 crore investment from Mindarika Pvt. Ltd, a key player in the auto components manufacturing sector. Beyond capital investment, this project signifies a golden opportunity for approximately 2900 young individuals to secure meaningful employment. The government will give an incentive of Rs. 114.40 crore to the company. Electric mobility is the future, and Unominda EV Systems Private Limited, will invest Rs 203 crores in Farukhnagar; Gurugram. This project not only brings capital to the state but holds the promise of generating employment opportunities for 3643 youth. The government will be giving Rs 126.45 crore incentive to the company highlighting its commitment to sustainable, innovative transportation solutions. Maruti Suzuki India Limited, a household name in the automotive sector, has been granted permission to expand its Research and Development (R D) facilities across 100 acres of land in IMT Rohtak. This expansion represents a significant milestone in enhancing automotive research. (editor dailyworld.in)