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China's richest man to invest $10bn in Haryana

Following Chief Minister Manohar Lal Khattar's trip to attract investors, China is all set to invest in Haryana to develop a USD 10 billion industrial park and smart cities in the state.

The chief minister had a meeting with Wanda Group chairman Wang Jianlin and an MoU was inked for development of a world class comprehensive industrial park at Kharkhoda district in Sonipat. Wanda Group will invest USD 10 billion to develop Wanda Industrial New City over an area of approximately 13 square kilometers.

Besides, MoUs were also inked with China Land Development Company Private Limited and ZTE Corporation during the Investment Roadshow, which was graced by representatives from more than 100 Chinese companies.

The government inked an MoU with ZTE Corporation for development of smart cities in Harayana. Another MoU was signed with China Fortune Land Development Company Private Limited (CFLD) for growth of large format industrial parks.

The CFLD will develop industrial park in the state either at Madina in Rohtak or at Bidhal Lath Gohana in Sonipat over an area of more than 300 acres. An MoU was also signed with Inspur Group, which has plans to put in USD 100 million in IDC, CDN and cable-box manufacture plant.

The chief minister is heading an official and business delegation to Japan and China to attract foreign direct investment to the state. However, he cut short his visit to China due to the Indo-French business summit on January 24 in Chandigarh.