Industries in Haridwar have been booming since the time the state government decided that the city was also a strategic industrial location in addition to its religious importance. The state of Uttaranchal has emerged as a secure investment location. Uttaranchal is attracting investors from all over the world, and is providing fierce competition to its neighboring states. The government has fortified infrastructure in the spheres of power generation and transmission and rail, road and air transport, which has facilitated big industrial conglomerates to set up base in this state.
Industries have grown exponentially in the regions around Pantnagar and Haridwar. Haridwar is the proud home of BHEL (Bharat Heavy Electricals Limited), one of the 'Navaratna' Public Sector Utilities. In the industrial area being structured around Bharat Heavy Electricals Limited, 750 plots have been prearranged to be given to 500 units. This will entail an initial investment of Rs2, 000 crores, and create more than 2,700 jobs. Hero Honda, the company making motorcycles, has been allotted 41 hectares of land in Haridwar. The factory will have an investment of more than Rs500 crores and will employ more than 4,000 people.
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Last Updated on 17th Oct 2012