Avaada Group, Haryana government sign MoU for INR 10,000 crore green industrial campus in Hisar

Avaada Group has signed a Memorandum of Understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC), Government of Haryana, to develop a 300-acre green industrial campus in Hisar, with a proposed investment of around INR 10,000 crore.

The proposed campus is envisioned as a green industrial ecosystem powered by reliable, traceable and round-the-clock renewable energy. It will support industries seeking to decarbonise their operations, strengthen energy security and prepare for evolving global carbon and sustainability requirements, including the European Union’s Carbon Border Adjustment Mechanism (CBAM).

The project is expected to create more than 5,000 employment opportunities.

“The proposed campus will bring together renewable energy, industrial infrastructure and green manufacturing within an integrated ecosystem. By providing access to reliable and traceable renewable power, it is expected to enable participating industries to reduce the carbon intensity of their operations and respond to growing demand for low-carbon products and supply chains in global markets,” stated the company.

Under the MoU, the Government of Haryana, through HEPC, will facilitate the development of the proposed campus as a State-supported Green Industrial/Zero-CBAM Industrial Park. This will include support towards appropriate industrial-park status, exploration of a customised package of incentives, common infrastructure, connectivity and utilities, and expediting requisite statutory approvals through the State’s single-window mechanism.

The partnership will also focus on attracting anchor investors, technology partners and industrial participants to the proposed campus. Avaada Group and the Haryana Government will explore joint international investment roadshows across key markets, including Germany, France, Italy, the Netherlands, Belgium, Japan and South Korea, to showcase investment opportunities in the proposed green industrial ecosystem.

“We appreciate the [Haryana] Government’s support and facilitative approach in enabling the development of our proposed 300-acre green industrial campus in Hisar. Envisaged with an investment of Rs 10,000 crore, the campus will bring together reliable, traceable and round-the-clock renewable energy with industrial infrastructure designed to support low-carbon and CBAM-ready manufacturing,” said Vineet Mittal, Chairman, Avaada Group. “We believe this initiative can attract global investments and technology, create over 5,000 employment opportunities and catalyse a new generation of green industrial development in Haryana.” 

The MoU establishes a framework for cooperation between Avaada Group and HEPC for investment facilitation and ease of doing business in Haryana. HEPC will serve as a key interface for coordinating with relevant State authorities and facilitating the implementation of the proposed project.

Avaada Group is a diversified clean energy conglomerate with operations across renewable power generation, solar PV manufacturing, green hydrogen and derivatives, battery storage, pumped hydro projects, and green data centres.