Which companies are investing in Hisar IMC?

No allotted tenants (—) — Pre-allotment — zero private allottees or MoUs verified; ₹707 cr Phase-I trunk EPC tender floated (pre-bid 8 June 2026), PMC LoA issued (Assystem India), land transferred to the SPV [V]; US Trade and Development Agency (USTDA) (Aviation-hub technical assistance (government-to-government)) — ~₹10.53 cr grant — MoU with HADC signed 10 December 2024 to attract investors and package projects; not a private land allotment [V]; Jindal Stainless / O.P. Jindal Group (Adjacent legacy base — stainless & carbon steel) — Among India’s largest stainless-steel makers, founded the Hisar industrial base; feeder for the engineering & fabrication sector, not an IMC allottee [V1].

How big is Hisar IMC and what is the investment?

Area: 2,988 acres; Trunk-infra cost: ₹4,680 cr; Investment potential: ₹32,417 cr; Projected jobs: 1,25,000. Figures are official projections or verified allotments where available.

Hisar IMC

Under constructionHaryana₹707 cr Phase-I EPC tender floated; land transferred, EPC procurement under way

2,988 acresArea

₹4,680 crTrunk-infra cost

₹32,417 crInvestment potential

1,25,000Projected jobs

Node stageOperationalConstructionApprovedPlanned

Click a corridor or node to open its dossier. Node positions are centroid-approximate. Satellite imagery © Esri, Maxar, Earthstar Geographics.

Hisar is the largest AKIC node by area (2,988 acres) and carries the corridor’s biggest headline numbers — ₹4,680 cr development cost, ₹32,417 cr investment potential and 1,25,000 jobs — but it is also a late starter. The State Support and Shareholder Agreements were signed only on 20 August 2025 and the SPV, NICDC Haryana Integrated Manufacturing Cluster Hisar Project Limited, was incorporated on 25 September 2025.

Its distinguishing feature is the aviation thesis: the IMC is conceived as an Integrated Aviation Hub wrapped around the new Maharaja Agrasen International Airport, with planned MRO, an in-IMC freight station and aerospace & defence as the lead focus sector — a higher-value, more capital-intensive mix than the other nodes.

Execution has materially advanced since mid-2026: a ₹707 crore Phase-I trunk-infrastructure EPC tender is out (pre-bid 8 June 2026, nine bidders), the Programme Management Consultant LoA went to Assystem India in early June, canal-diversion works are awarded and an NHAI double-loop interchange at Dhandur is progressing — all on land already transferred encumbrance-free. No private allottees exist yet; the Jindal steel cluster and a regional textile base sit nearby as feeders.

What this node pulls — supplier opportunity surface

Semiconductor & electronics

A fab or OSAT anchor pulls a ~500-supplier cascade: bulk utilities localise first, while electronic-grade materials, metrology and specialist services stay 75-98% import-dependent - the opportunity band.

Layer	Status	What the anchor pulls	Import dep.	Entry
Ultrapure water (UPW) systems	Localised (strong Indian base)	Design, build, operate and zero-liquid-discharge for wafer/package plants	45%	Build-now
Bulk gases (N2/O2/Ar)	Localised (Indian JVs active)	On-site air-separation and baseload gas supply	30%	Build-now
Equipment calibration (NABL) & maintenance	Near-absent / OEM-captive	Accredited on-site calibration labs; spares + field service independent of AMAT/Lam/TEL	90%	Build-now
Electronic specialty gases	Distributor-only for electronic grade	NF3/WF6/HCDS/C4F6 - captive on-site electronic-gas plants	92%	Position-early
Electronic wet chemicals & CMP slurry	Distributor-only	Developers, precursors, slurry - import substitution	88%	Position-early
Metrology, test & failure analysis	Service-led opening	Metrology-as-a-service labs for every fab/OSAT	75%	Position-early
Cleanroom engineering & consumables	Partial (EPC local, materials imported)	HEPA/ULPA, garments, wipes, filter media	60%	Position-early
Advanced packaging / OSAT services	Moving (Micron/Tata/Kaynes)	Assembly, test, substrate supply into anchor plants	55%	Position-early
Photoresist & wafer handling (FOUPs)	Import-only	High-IP, long-horizon strategic items	96%	Watch

Aerospace & defence

Assembly and MRO pull immediate demand; aerostructures, special alloys and avionics content is the deeper, slower prize.

Layer	Status	What the anchor pulls	Import dep.	Entry
MRO & line maintenance	Green-field opening	Airport-linked demand from day one	70%	Build-now
Precision machining & forgings	Local base exists	Landing-gear, engine and structural components (Bharat Forge/HAL base)	60%	Position-early
Aerostructures & composite assemblies	Emerging Indian base	Fuselage/wing sections; Tata/Dynamatic give a running start	75%	Position-early
Special alloys & raw materials	Import-heavy	Titanium, high-temp alloys, PAN-precursor carbon fibre	85%	Position-early
Cabin interiors & seats	Lower barrier	Regional-jet interiors as a first venture	65%	Build-now
Avionics & flight systems	Import-only	Certification-locked oligopoly; long horizon	90%	Watch

Indicative opportunity surface derived from the node's sector profile and Techadyant sector-level research (import-dependency figures from the Dholera supplier workbook and cross-report modelling). Not node-specific verified commitments — verify each layer against current tenders and anchor statements before acting. Entry tiers: Build-now (capital-light, local base exists), Position-early (gap to close), Watch (long-horizon, high-IP).

Sectors

Aerospace & defence (MRO), engineering & fabrication, food processing, readymade garments

Nearest hub

Maharaja Agrasen International Airport (adjacent); Hisar Junction ~4.3 km; New Rewari EDFC ~156 km; Delhi airport ~180 km

Developer / SPV

NICDC Haryana Integrated Manufacturing Cluster Hisar Project Limited (NICDC–Haryana via HADC; SPV incorporated 25 September 2025; SSA/SHA 20 August 2025)

Status

₹707 cr Phase-I EPC tender floated; land transferred, EPC procurement under way

Companies & commitments

Company	Sector	Commitment
No allotted tenants	—	Pre-allotment — zero private allottees or MoUs verified; ₹707 cr Phase-I trunk EPC tender floated (pre-bid 8 June 2026), PMC LoA issued (Assystem India), land transferred to the SPV [V]
US Trade and Development Agency (USTDA)	Aviation-hub technical assistance (government-to-government)	~₹10.53 cr grant — MoU with HADC signed 10 December 2024 to attract investors and package projects; not a private land allotment [V]
Jindal Stainless / O.P. Jindal Group	Adjacent legacy base — stainless & carbon steel	Among India’s largest stainless-steel makers, founded the Hisar industrial base; feeder for the engineering & fabrication sector, not an IMC allottee [V1]

Industries coming up

Aerospace & defence MROAircraft component manufacturingAir-cargo logistics & warehousingEngineering & fabrication (steel-based)Food processing (agri-exports)Readymade garments

Infrastructure & connectivity

2,988 acres — the largest AKIC node by area (the master-plan land-use table covers ~1,605 developed acres: 980 ac industrial & logistics at 61%, 243 ac green/waterbody, 231 ac roads & utilities; the balance is reserved for aviation-hub integration and buffer).
Explicitly an Integrated Aviation Hub: adjacent to the new Maharaja Agrasen International Airport, with a proposed in-IMC freight station, MRO facilities and ICAO-aligned carbon-neutral design.
Located between the Eastern and Western DFCs (New Ambala EDFC ~208 km, New Rewari EDFC ~156 km) with proposed feeder rail; Hisar Junction 4.3 km; Delhi 180 km; Kandla port ~1,055 km.
Draws on the Hisar steel and stainless-steel cluster (Jindal Stainless, O.P. Jindal Group) and a regional cotton-textile and garments base.

Incentives & land: No node-specific framework; standard Haryana industrial-policy incentives apply, with targeted schemes for textiles, EV manufacturing, ESDM and defence & aerospace (15% offset mandate, ₹25,000 cr investment target). The PADMA MSME scheme (up to ₹2 cr/unit, 75% SGST refund for 7 years, 100% electricity-duty exemption for 12 years) indicates the available regime. Specific IMC power tariff not found.

The aviation-hub thesis

Hisar is unusual among AKIC nodes in being organised around an airport. The RFP describes the IMC as part of an Integrated Aviation Hub that must synergise with the large international airport at Hisar, with an MRO and aero-logistics focus, a proposed in-IMC freight terminal connecting to the EDFC, and carbon-neutral design to ICAO guidelines. This explains the aerospace & defence and engineering lead sectors and the high investment-per-acre projection.

In December 2024 the Haryana Airport Development Corporation signed an MoU with the US Trade and Development Agency for technical assistance — a ~₹10.53 cr grant to help package projects and attract financiers. This is a facilitation agreement, not a land allotment; no private investor has been named.

Status and the late start

The project was listed in August 2021 with development activities “not initiated”. It moved in 2025: SSA and SHA signed on 20 August, SPV incorporated 25 September (authorised and paid-up capital ₹5 cr each), with a board chaired by NICDC and Haryana civil-aviation nominees. Through mid-2026 it moved from planning into procurement: the ₹707 cr Phase-I trunk EPC tender was floated with a pre-bid on 8 June 2026 drawing nine bidders, the PMC LoA went to Assystem India, ~2,988 acres stand transferred encumbrance-free, and the master-plan notification was targeted for end-August 2026. Physical execution, not land, is now the stage to watch.

Risks & open questions

Hisar trails Rajpura–Patiala by roughly three years and depends on a parallel airport build that is still “under development”. The land-use table accounts for only ~54% of the 2,988 acres, with the remainder unexplained. EDFC stations are 156–208 km away (an in-IMC freight station is targeted only by ~2032). Water (semi-arid region) and power terms are unquantified, and no anchor tenants exist. Historic interest — 2017 airport EOIs (GMR, GVK, L&T and others) and a 2018 SpiceJet MRO MoU — is dated and not current pipeline.

Timeline

Aug 2021Listed in PIB with development activities not yet initiated
Feb 2024ToR granted (5 February)
Dec 2024HADC–USTDA aviation-hub technical-assistance MoU (~₹10.53 cr)
Aug 2025SSA & SHA signed (20 August)
Sep 2025SPV incorporated (25 September)
Jun 2026₹707 cr Phase-I trunk EPC tender floated; pre-bid 8 June (nine bidders); PMC LoA to Assystem India
Aug 2026Master-plan notification targeted end-August; land transferred encumbrance-free; PMNC onboarded per the 4 Aug Lok Sabha reply (initial ₹2.45 cr equity released)

Sources

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