Chandigarh: Haryana Chief Minister Manohar Lal Khattar gave approval for the setting up of a special purpose vehicle (SPV) - Haryana International Horticultural Marketing Corporation Limited (HIHMCL) incorporated under the Companies Act, 2013 - to facilitate work on the international terminal market.
Chandigarh: Haryana Chief Minister Manohar Lal Khattar gave approval for the setting up of a special purpose vehicle (SPV) - Haryana International Horticultural Marketing Corporation Limited (HIHMCL) incorporated under the Companies Act, 2013 - to facilitate work on the international terminal market.
Land for this project was acquired in 2007-08, initiating the process for setting up the international terminal market. Now, the present government has decided to set up HIHMCL to ensure speedy and world-class execution of the project.
The corporation aims to set up a market of international standards for handling of fruits, vegetables and other perishables, and develop for this purpose infrastructure and other related facilities initially at Gannaur or any other location in the state as may be decided from time to time.
It will design, plan, build, construct, operate, manage, develop, finance and maintain agriculture, horticulture, dairy, poultry, livestock, dry-fruits related infrastructure, processing, exports and allied commercial activities relating to produce market projects in any territory of India and abroad.
The corporation will appoint transactional advisors, consultants to prepare feasibility studies, surveys, detailed project reports and tests to determine the desirability, viability, and feasibility of establishment of market and allied projects with user charges, revenue sharing, collaboration, participation, consortium and custom hiring in any territory of India and abroad.
It will also carry out all businesses relating to agricultural marketing and allied activities to make the project sustainable and enter into contract with different stakeholders in India and abroad on e-turnkey, EPC basis, or otherwise, either individually or jointly with other firms or undertakings, including supply erection, commissioning, equipment and ancillary services relating to all infrastructure on its own or through Joint ventures, SPVs and consortium.
It will collaborate with different international and national professional agencies for equity participation, O and M contracts, marketing of markets, royalty, asset monetization, handling digital revenue streams, auctions, revolving funds, collaterals, insurance, certification for domestic and international and export and imports.
Revenues will be earned by undertaking food courts, gas station, business tower, cash and carry, retail, shopping malls, multiplex, advertisement, exhibitions and trade amenities.
The corporation will give access to quality infrastructure to farmers and traders and undertake core and non-core functions, bundling of services, engagement of service partners, innovative and creative sources of funding and revenue, and monetization of services.
Land for this project was acquired in 2007-08, initiating the process for setting up the international terminal market. Now, the present government has decided to set up HIHMCL to ensure speedy and world-class execution of the project.
The corporation aims to set up a market of international standards for handling of fruits, vegetables and other perishables, and develop for this purpose infrastructure and other related facilities initially at Gannaur or any other location in the state as may be decided from time to time.
It will design, plan, build, construct, operate, manage, develop, finance and maintain agriculture, horticulture, dairy, poultry, livestock, dry-fruits related infrastructure, processing, exports and allied commercial activities relating to produce market projects in any territory of India and abroad.
The corporation will appoint transactional advisors, consultants to prepare feasibility studies, surveys, detailed project reports and tests to determine the desirability, viability, and feasibility of establishment of market and allied projects with user charges, revenue sharing, collaboration, participation, consortium and custom hiring in any territory of India and abroad.
It will also carry out all businesses relating to agricultural marketing and allied activities to make the project sustainable and enter into contract with different stakeholders in India and abroad on e-turnkey, EPC basis, or otherwise, either individually or jointly with other firms or undertakings, including supply erection, commissioning, equipment and ancillary services relating to all infrastructure on its own or through Joint ventures, SPVs and consortium.
It will collaborate with different international and national professional agencies for equity participation, O and M contracts, marketing of markets, royalty, asset monetization, handling digital revenue streams, auctions, revolving funds, collaterals, insurance, certification for domestic and international and export and imports.
Revenues will be earned by undertaking food courts, gas station, business tower, cash and carry, retail, shopping malls, multiplex, advertisement, exhibitions and trade amenities.
The corporation will give access to quality infrastructure to farmers and traders and undertake core and non-core functions, bundling of services, engagement of service partners, innovative and creative sources of funding and revenue, and monetization of services.