Chandigarh, November 10
After years of wait for the Sabeer Bhatia-promoted Nanocity project to take off, the Haryana Government has now asked the company to scale down the size of the project, so that it finally takes wings.

The proposal by the government was conveyed to the company last month, following which the company has now agreed to scale down the project size to almost one-third of the original.

Officials in the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) told TNS that a decision to that effect had been taken by the Board of Directors of Nanoworks Developers, Bhatia-owned company that was entrusted with the task of setting up the project in Panchkula district, in 2005.

“We had suggested that the company could bring down the size of the project from 11,138 acre to about 3,000 acre. The company was unable to acquire any land in Panchkula district because of the exorbitant cost of land, so we asked them to start the project by bringing down the project size. In July, the company had been warned that the project would be scrapped if they failed to acquire 500 acres of land by October. At a recently held meeting with officials of the HSIIDC, officials of the Nanoworks sought an extension to buy some land till January this year,” said a senior official.