Avaada Group has signed a memorandum of understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC) to develop a 300-acre, energy‑secure industrial campus at Hisar with an estimated investment of around ₹10,000 crore, the company said in a statement.
Project aims and strategic rationale
The campus is being planned as a "Zero-CBAM Green Industrial Campus" designed for companies that want to lower the carbon intensity of their operations and align with emerging international sustainability requirements, including the European Union's Carbon Border Adjustment Mechanism (CBAM), the statement said.
"The development 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," the statement said.
Avaada said the site will draw on round-the-clock (RTC) renewable energy and is intended to combine renewable power, green manufacturing and industrial infrastructure into an integrated ecosystem. The group’s businesses already span renewable power generation, solar PV manufacturing, green hydrogen and its derivatives, battery storage, pumped hydro and green data centres, the company noted.
Support from Haryana government
Under the MoU, the state government through HEPC will facilitate the project by granting suitable industrial-park status, designing a tailored incentive package, providing common infrastructure, connectivity and utilities, and fast-tracking statutory approvals through the state’s single-window system, Avaada said.
- Proposed investment: ₹10,000 crore
- Land area: 300 acres
- Potential employment: More than 5,000 jobs
- Energy: Round-the-clock renewable power
- Target markets for roadshows: Germany, France, Italy, the Netherlands, Belgium, Japan and South Korea
Investor outreach and partners
Avaada said it will collaborate with the Haryana government on attracting anchor investors, technology partners and industrial units to the campus. The partners also plan to conduct joint investment roadshows in overseas markets including Germany, France, Italy, the Netherlands, Belgium, Japan and South Korea.
The company did not provide a detailed timeline for development or specifics on the technologies that will underpin the campus in the available release.
Local and wider implications
Officials and industry watchers view projects that combine assured renewable power with industrial infrastructure as increasingly important for exporters that will face carbon-compliance rules such as CBAM in certain markets. For Haryana, the project could bolster the state’s industrial base, improve energy security for participating firms and generate employment in and around Hisar.
By positioning the campus to be CBAM-ready, participating manufacturers could potentially secure better access to markets where buyers increasingly demand traceable low-carbon inputs. The MoU emphasises enabling companies to reduce carbon intensity rather than prescribing specific products or sectors for the park.
Key facts at a glance
| Parameter | Details |
|---|---|
| Promoter | Avaada Group |
| Facilitator | Haryana Enterprises Promotion Centre (HEPC) |
| Investment | Approx. ₹10,000 crore |
| Area | 300 acres |
| Jobs (estimated) | More than 5,000 |
| Energy supply | Traceable, round-the-clock renewable power |
The project reflects a broader trend in India and globally where industrial parks are being conceived with integrated renewable energy supplies and low-carbon value chains to help firms meet stricter environmental standards abroad. The MoU highlights the use of state facilitation to attract investment and accelerate clearances.
Stakeholders in Hisar and nearby districts may expect follow-up announcements on land allotment, formal approvals and investor commitments as the state and the company move from MoU to project implementation. For now, the announcement sets out an intent and the broad contours of a large green industrial park backed by a renewable-energy developer.
