China’s Wanda Group to invest 10 billion dollars in Haryana

Chandigarh, Jan 22 (IANS) China’s Wanda Group will invest 10 billion dollars to develop an industrial park in Haryana, the state government announced on Friday.

A memorandum of understanding (MoU) was signed between the two sides in Beijing in the presence of Haryana Chief Minister Manohar Lal Khattar on Friday.

“An MoU was signed for the development of a world-class Comprehensive Industrial Park to be called ‘Wanda Industrial New City’ at Kharkhoda in Sonipat district,” an official statement said here.

Phase I of the project would cover approximately 13 sq km.

Wanda will invest in the project’s initial infrastructure apart from attracting other international and Chinese industrial, tourism and residential companies for its development.

During Khattar’s visit and an investment roadshow organised in Beijing, MoUs were signed with other top companies like China Land Development Company Private Limited and ZTE Corporation for investing in Haryana.

Representatives of more than 100 top Chinese companies were present during the roadshow.

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