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

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

Khattar said that the Chinese companies have shown interest in setting up of industrial parks, smart city, industrial units to manufacture cell phones and e-commerce platform.

Wanda Group, belonging to Wang Jainlin, one of China's richest men, will invest nearly Rs 60,000 crore over the next four years to help the state's infrastructure.

Haryana Chief Minister Manohar Lal Khattar on Friday said that Chinese company Wanda will invest Rs 60,000 crore in next four years, which will help to further strengthen the infrastructure and employment in the state.

Khattar, who returned from his five-day official visit to Japan and China on Friday, said he had received tremendous response from the entrepreneurs and investors in both the countries.

"As a result, the MoUs signed between Haryana and some companies of both countries, the infrastructure in the state would be further strengthened and ample employment opportunities would be generated for the youth in Haryana," he said while talking to the media persons at Indira Gandhi International Airport in New Delhi.

This was his second foreign trip. Earlier in August last year, he went to US and Canada on a similar investment trip.

The Chief Minister was accompanied by state's Industries Minister Captain Abhimanyu, Urban Local Bodies Minister Kavita Jain and officials of the state government. He said that he also invited representatives of various companies to visit Haryana, especially for its 'Happening Haryana' meet to be held from March 7-9 in Gurgaon. The foreign companies have expressed interest to invest in Haryana as a result of state government's "investor friendly" policies, Khattar said.

"Wanda Company of China has signed Memorandum of Understanding (MoU) to invest Rs 60,000 crore in the state in next four years. The state government would make available 2,200 acres of land near Kharkhoda," he said.

He said that the Chinese companies have shown interest in setting up of industrial parks, smart city, industrial units to manufacture cell phones and e-commerce platform. Chinese companies have also shown interest in making the investment in areas of education, health, science and technology, he said.

He said that he had a schedule of seven days for these two countries, but had to cut it short to five days as the French President Francois Hollande and Prime Minister Narendra Modi are arriving in Chandigarh and Gurgaon.Gurgaon.