OVER 100 CHINA MSMEs to INVEST USD 1bn in HARYANA

SHANGHAI, January 23:  Haryana is expecting a spike in foreign investments from China after over 100 small and medium enterprises here agreed to invest over USD 1 billion in the state.

The assurance was given to Chief Minister Manohar Lal Khattar, who is visiting the country alongwith a business delegation, to attract foreign investment in the state, according to a press release issued by the state government. The chief minister of the northern Indian state interacted with business leaders and Indian diaspora based here to encourage them to invest in the state and take advantage of the new business friendly administration. Over 100 Micro, Small and Medium Enterprises (MSMEs) from as diverse fields as textiles, general engineering, auto components, and IT, have decided to consider shifting their units to the state after meeting the chief minister, the statement said. Khattar made a strong pitch for Haryana as an ideal investment destination based on its strategic location, excellent infrastructure and supportive administrative system. He praised the entrepreneurs and business leaders for their efforts in carving a niche for themselves and invited them for attending the Happening Haryana Global Investors Summit scheduled for March 7 and 8, in Gurgaon. As many as eight MoUs were signed on Friday with top Chinese companies to set up a USD 10 billion industrial park and smart cities in the state. The MoUs were signed with top Chinese companies like Wanda Group, China Land Development Company Private Limited, and ZTE Corporation.

-PTI