Avaada Group has signed a Memorandum of Understanding (MoU) with the Haryana Enterprises Promotion Centre (HEPC), Government of Haryana, to facilitate the development of a 300-acre Zero-CBAM Green Industrial Campus in Hisar.

The proposed development involves an investment of approximately ₹10,000 crore and has the potential to generate more than 5,000 employment opportunities. The campus is envisioned as an integrated green industrial ecosystem powered by reliable, traceable and round-the-clock renewable energy.

The proposed facility will support industries seeking to reduce the carbon intensity of their operations, improve energy security and prepare for evolving global carbon and sustainability requirements, including the European Union’s Carbon Border Adjustment Mechanism (CBAM).

Under the MoU, HEPC will facilitate the development of the proposed campus as a state-supported Green Industrial/Zero-CBAM Industrial Park. The support is expected to include assistance with industrial park status, customised incentives, common infrastructure, connectivity and utilities, as well as the expedited processing of statutory approvals through Haryana’s single-window mechanism.

Avaada Group and the Haryana Government will also work to attract anchor investors, technology partners and industrial participants to the proposed campus. The parties will explore international investment roadshows in markets including Germany, France, Italy, the Netherlands, Belgium, Japan and South Korea to showcase investment opportunities associated with the proposed green industrial ecosystem.

The campus is expected to integrate renewable energy, industrial infrastructure and green manufacturing, providing participating industries with access to reliable and traceable renewable power. This could help companies reduce emissions and respond to growing global demand for low-carbon products and sustainable supply chains.

The proposed ₹10,000 crore investment is also expected to support industrial development in Hisar, strengthen Haryana’s industrial infrastructure and create new employment opportunities.

Commenting on the MoU, Vineet Mittal, Chairman of Avaada Group, said the proposed campus will combine round-the-clock renewable energy with industrial infrastructure designed to support low-carbon and CBAM-ready manufacturing. He added that the initiative could attract global investment and technology while creating more than 5,000 jobs.

The MoU establishes a framework for cooperation between Avaada Group and HEPC focused on investment facilitation and improving the ease of doing business in Haryana. HEPC will act as a key interface for coordination with relevant state authorities and facilitate the implementation of the proposed development.

Through the Hisar campus, Avaada Group aims to create future-ready industrial infrastructure supporting clean energy, sustainable manufacturing and competitiveness, while contributing to Haryana’s industrial growth and India’s broader clean energy and green manufacturing ambitions.