Rajasthan govt finally achieve one of milestone in industrialization and employment when news comes from Honda India that they are going to set up plant in Bhiwadi, Rajasthan. Two-wheeler maker Honda Motorcycle & Scooter (HMSI) India Private Limited has finally decided to step out of Haryana for its second manufacturing facility. The auto major has selected Rajasthan for this facility with an initial investment of Rs 500 crore. The plant, spread across 60 acres near Bhiwadi, would have an initial capacity of 6 lakh vehicles per annum. The company intends to scale up its capacity to 12 lakh vehicles per annum after five years with an additional investment of Rs 600 crore. Bureau of Investment Promotion commissioner Purshottam Agarwal told ET that the state government has cleared the company’s proposal. Bureau of Investment Promotion is Rajasthan government’s investment promotion agency. “We have offered them a customised package which includes land at concessional rate, cash subsidy on VAT, 50% subsidy on stamp duty, 50% concession on electricity duty and special rate of 0.05% on central sales tax. The civil work is likely to begin this month,” he said. After roping in Honda Siel’s second car plant in Khushkhera near Bhiwadi in 2008, this is the second big-ticket investment for Rajasthan in the automobile sector.I would personally like to thanks all the people behind this great achievement and Honda Motorcycle & Scooter (HMSI) India Management in believing rajasthan as their next home for Honda. This major investment will brings some more corporate to invest in rajasthan which will increase employment and revenue for state and Nation.
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