Richest man of China to invest $10bn in Haryana

dynamitenews.com
Beijing/ 23 Jan 2016. Haryana government has inked a memorandum of understanding  with a real estate group owned by China’s richest man Dalian Wanda for developing an industrial park at Kharkhoda in Sonepat. The Wanda group is expected to invest a total of $10 billion to set up the world-class comprehensive park likely to come up on around 3,000 acres of land.

 
The MoU was signed between HSIIDC Managing Director Sudhir Rajpal and President of Wanda group in the presence of Haryana Chief Minister Manohar Lal Khattar. Meanwhile, seven other MoUs were signed between the Haryana government and Chinese investors during Khattar’s visit to Beijing.

Khattar, in an attempt to woo investors, made a strong pitch for Haryana as an ideal investment destination based on its strategic location, excellent infrastructure and supportive administrative system.

Apart from Wanda, the agreements were signed with top companies such as China Land Development Company Private Limited and ZTE Corporation. These MoUs were signed during the Investment Roadshow organized in China’s capital, attended by representatives of more than 100 top notch Chinese companies.