China's richest man to invest 10 billion dollars in India

Discussion in 'Economy & Infrastructure' started by warrior monk, Jan 23, 2016.

  1. warrior monk

    warrior monk Regular Member

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

    Haryana is expecting a spike in foreign investments from China after eight MoUs were signed with top companies to set up a $10 billion industrial park and smart cities in the state during Chief Minister Manohar Lal Khattar's trip to woo investors in Beijing.

    These MoUs were signed with top Chinese companies such as Wanda Group, China Land Development Company Private Limited, and ZTE Corporation.

    The MoUs were signed during the Investment Roadshow organised in Beijing, attended by representatives of more than 100 top notch Chinese companies.

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

    The chief minister also highlighted the changes introduced by his government through various policy reforms in the governance mechanism through Ease of Doing Business, On Line approval system under single roof and Incentives to the industry.

    He also invited the attendees to participate in the Haryana Global Investors Summmit schedule for March 7 and 8, in Gurgaon.
    The chief minister met Wanda Group Chairman Wang Jianlin and a MoU was signed for development of a World Class Comprehensive Industrial Park at Kharkhoda district in Sonipat.

    Wanda Group will invest a total of $10 billion to develop "Wanda Industrial New City" over an area of approximately 13 square kilometers.

    The government also signed a MoU with ZTE Corporation for the development of smart cities in Haryana.

    Another MoU was signed with China Fortune Land Development Company Private Limited (CFLD) for development of large format Industrial Parks in Haryana.

    CFLD would set up Industrial Park(s) in the state either at Madina in Rohtak district or at Bidhal Lath Gohana in Sonipat district over an area of more than 300 acres.

    An MoU was also signed with Inspur Group, which plans to invest $100 million in IDC, CDN and cable-box manufacture plant.

    The Chief Minister is leading an official and business delegation to Japan and China to invite foreign direct investment to the state.

    Khattar has curtailed his visit to China due to the Indo-French business summit on January 24 in Chandigarh, which will be attended by Prime Minister Narendra Modi and French President Francois Hollande.



    http://www.businesstoday.in/current...-billion-dollars-in-haryana/story/228472.html
     
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  3. sorcerer

    sorcerer Senior Member Senior Member

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    Sensible Investment move since the Chinese markets are failing!!
     
  4. Srinivas_K

    Srinivas_K Senior Member Senior Member

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    I think they should think twice before allowing Chinese to invest in Haryana which is right next to Pakistan.

    China and Pakistan is a worrisome nexus for India.
     
  5. warrior monk

    warrior monk Regular Member

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    Cumulative Chinese investment in India for both materialized and MoU signed has reached 50 billion dollars , India and China are both mercantilist economies and need each other , India should leverage China's expertise in infrastructure development .
     
  6. garg_bharat

    garg_bharat Senior Member Senior Member

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    Chinese investment is welcome in haryana.

    There is no issue with proximity to Pakistan. Indians need not be paranoid of China.
     
  7. DingDong

    DingDong Senior Member Senior Member

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    Chinese investment is welcome, Chinese labour is not welcome.
     
  8. Bahamut

    Bahamut Senior Member Senior Member

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    Good news ,hope that more FDI comes in India and Modi government continue the reform at a higher pace .
     
  9. airtel

    airtel Senior Member Senior Member

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    our most of the telecommunication industry is dependent on china ..............both huawei & zte are Chinese ..............most of the Indian companies use their services including BSNL .
     

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