📰 News ⏱ 2 min

Haryana’s Chief Minister Discusses Major Investment Plans with India’s Prime Minister

Chief Minister Nayab Singh Saini met Prime Minister Narendra Modi to review Haryana’s new industrial policy.

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Key Points

5 points

Meeting took place in Delhi between Haryana’s chief leader and India’s prime leader.

Industrial policy aims for 5 lakh crore rupees in five years.

Initial investment of 1.10 lakh crore rupees was announced.

Agreements worth about 66,000 crore rupees were signed with industrialists in Mumbai.

First phase of the Integrated Logistics Hub at Nangal Chaudhary, Narnaul, is completed.

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The policy sets a target of 5 lakh crore rupees (about 500 trillion rupees) in investment over the next five years.

On the launch day, 1.10 lakh crore rupees (around 110 trillion rupees) of investment was pledged.

They also discussed the state’s MSME support scheme and the completion of the first phase of an integrated logistics hub in Narnaul.

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10 words

Chief Minister

the leader of a state in India

Prime Minister

the leader of the whole country of India

industrial policy

a plan to help factories and businesses grow

investment

money that people put into projects to help them succeed

lakh crore

a huge amount of money; 1 lakh crore equals 100 trillion rupees

Micro, Small and Medium Enterprises

small and medium sized businesses

MSME

short for Micro, Small and Medium Enterprises, a group of smaller businesses

Memorandum of Understanding

a written agreement between groups

logistics hub

a place where goods are stored and moved to other places

Integrated

combined together in one system

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