Rs. 2,000-Crore Haryana Startup Fund of Funds to Give Major Impetus to State’s Startup Ecosystem- Chief Minister
Process for Establishment and Operationalisation of Fund be Taken Forward in a Time-Bound Manner- CM
Chief Minister Reviews Progress of Haryana Startup Fund of Funds
Chandigarh, September 12 – In a major push to Haryana’s rapidly growing startup ecosystem, Chief Minister, Sh. Nayab Singh Saini, on Saturday reviewed progress towards operationalising the proposed Haryana Startup Fund of Funds (FoF) with a corpus of Rs. 2,000 crore. The Fund is envisaged as a robust financial mechanism to support startups at different stages of growth, attract private capital and give further impetus to innovation and entrepreneurship in the State.
Chairing a high-level review meeting at the Secretariat, the Chief Minister said that in view of Haryana’s consistent progress in innovation and entrepreneurship, it is essential to put in place a strong financial mechanism to provide financial support to startups at various stages of their growth.
He said that timely access to capital is a key factor in the success of startups and directed that the process for the establishment and operationalisation of the Haryana Startup Fund of Funds be taken forward in a time-bound manner.
Sh. Nayab Singh Saini said that the Fund would play an important role in promoting investment and innovation in the State, attracting private capital and supporting high-potential startups emerging from Haryana.
He reiterated the State Government’s commitment to promoting entrepreneurship and innovation and emphasised the need to operationalise the Fund at the earliest and effectively achieve its stated objectives. Various aspects related to the Haryana Venture Capital Fund were also discussed during the meeting.
Chief Secretary, Sh. Anurag Rastogi, Principal Secretary to Chief Minister, Sh. Arun Gupta, Director General, Industries and Commerce Department, Dr. Yash Garg, CA, Smt. Rashmi Khetarpal and other senior officers were present at the meeting.
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Ring Roads to be Developed Outside Cities and Towns with Population Above One Lakh- Chief Minister Accords Approval
Rs. 9,700 Crore to be Spent on Major Road Infrastructure Projects
Hisar, Kurukshetra, Narnaul, Jind and Sohna-Palwal Bypass Projects Get Approval
Chief Minister Chairs Meeting on Financial Model for State Contribution
Chandigarh, September 12 – In a major push to ease traffic congestion and improve connectivity across Haryana, Chief Minister, Sh. Nayab Singh Saini, has approved the development of ring roads and National Highways outside cities and towns with a population of more than one lakh. The State will also take forward major bypass projects at Hisar, Kurukshetra, Narnaul, Jind and Sohna-Palwal, with an estimated investment of around Rs. 9,700 crore.
The Chief Minister was chairing a meeting at the Secretariat on the adoption of a financial model for State contribution under the master plan aimed at reducing congestion in urban areas along National Highways. Public Works Minister, Sh. Ranbir Gangwa, Chief Secretary, Sh. Anurag Rastogi, and other senior officers attended the meeting.
The Chief Minister directed that a policy for developing outer ring roads and National Highways under the master plan be formulated in accordance with the Central Government's policy framework so that road projects aimed at reducing traffic pressure in cities and towns can be implemented effectively.
During the meeting, a three-member committee comprising officers of the Finance Department, Public Works Department and Urban Local Bodies Department was constituted to work out matters related to the State's contribution under the cost-sharing arrangement with the Central Government.
*Major Bypass Projects Get Nod*
The Chief Minister approved the construction of the Hisar Bypass, Kurukshetra Bypass, Narnaul City Bypass, Jind Bypass and Sohna-Palwal Bypass.
The Hisar Bypass will provide connectivity from Hisar-Rajgarh Road (NH-52) to Hisar-Delhi Road and Hisar-Kaithal Road. The Detailed Project Report (DPR) for the Kurukshetra-Ladwa Bypass has also been prepared, and work on the project will commence soon.
The Chief Minister said that the Narnaul City Bypass would also be constructed. The nearly 11-km-long bypass will be connected to NH-148B. An outer ring road and a four-lane bypass on NH-352 will also be constructed on the other side of Jind.
The Palwal-Sohna Bypass from NH-919 will be upgraded, redesigned and constructed as a four-lane road over a length of approximately 24 km. These projects are estimated to cost around Rs. 9,700 crore.
*Connectivity to Jewar International Airport*
The Chief Minister said that connectivity would also be developed to link the DND-Faridabad-Ballabhgarh Bypass-KMP link and the Delhi-Mumbai Expressway with Jewar International Airport through greenfield connectivity.
He said that the land share for the Karnal Ring Road has also been deposited. The ring road connecting Ambala City and Ambala Cantt is under construction and will be completed at the earliest.
In the meeting Approval was also given for the construction of a railway underbridge on Civil Station Road in Sirsa on the Rewari-Bathinda railway line, besides additional works related to link roads from Kanina-Mahendragarh Road to Anawas; Dhani Rajawas School to Balana; Khatod to Budin, Nimbhera and Balecha; Mahendragarh-Bucholi Road; and Nangwas to Ateli.
Principal Secretary to Chief Minister, Sh. Arun Gupta, Additional Chief Secretary, Sh. A.K. Singh, Sh. Anurag Agarwal, Commissioner and Secretary, Smt. Ashima Brar, Sh. J. Ganesan and other senior officers of the Public Works Department were also present.