Hooda to industry: Fulfill social responsibility

Haryana Chief Minister Bhupinder Singh Hooda on Thursday called upon industry captains to give a "meaningful and practical shape" to the concept of corporate social responsibility.

Speaking at the closing ceremony of the India Economic Summit organised by the World Economic Forum in Gurgaon, he said the world was going through difficult times and doubts were being expressed about the sustainability of market-led economic order. He then requested the corporates to fulfill their social responsibilities.

The Chief Minister said Haryana was one of the few states that has agreed to implement FDI in retail because it would benefit farmers, consumers and entrepreneurs, besides boosting rural infrastructure through cold chains, food processing centres and warehouses.

He said the state's annual growth rate of 9.4 per cent over the past seven years has been achieved through some conducive policies and projects.

"The KMP Expressway will facilitate seamless connectivity in Haryana. A global corridor has been planned along its 135-km route, which offers new opportunities for development of theme-based activities. We have already brought the Metro to Gurgaon. Metro connectivity to Faridabad is under construction," he said.

Hooda said the Industrial and Investment Policy 2011 facilitates promotion of investment in the state.

He said the state government has notified a landmark Rehabilitation and Resettlement Policy, which policy provides annuity to land owners for 33 years as well as the compensation.

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