CURRENT AFFAIRS

Detailed explanation-1: -The industrial township would be developed at a cost of Rs $5 billion over 1, 500 acres in Sohna and Manesar . An MoU was signed between Haryana government and China Fortune Land Development (CFLD) Company.

Detailed explanation-2: -The state is one of India’s largest automobile hubs and accounts for two-thirds passenger cars, 50% tractors and 60% motorcycles manufactured in the country. The state has also emerged as a base for the knowledge industry, including IT and biotechnology.

Detailed explanation-3: -Automobile manufacturing sector constitutes Haryana’s primary strength, due to the presence of Maruti Suzuki, Hero Honda, Honda Motors, Escorts, which have led to the development of a large number of ancillaries in this sector.

Detailed explanation-4: -Industrial Model Township (IMT) at Manesar, near Gurgaon, was developed by the Haryana State Industrial Development Corporation (HSIDC).

Detailed explanation-5: -The proposed Industrial Township are: India seeks to create a strong economic base with a globally competitive environment and state-of-the-art infrastructure to activate local commerce, enhance investments and attain sustainable development.