Pratt and Whitney, a global aviation major, has assured the Haryana Government to set up its R&D facilities in the State with an investment of Rs 400 crore, Haryana Government said on Monday.
The assurance was given when the Chief Minister Manohar lal, who is leading a nine-member delegation in Singapore, visited the MRO facility of Pratt and Whitney to understand the dynamics for developing such facility in Haryana, a press statement issued here, said.
The delegation also visited the new water facility of New Water Authority of Singapore, and had a roundtable with top CEOs on the second day of the visit to Singapore on Monday. The Singapore New Water Authority has agreed to work with the Haryana Government for setting up a drinking water institute, and rejuvenation of 14,000 water bodies in the state.
The State delegation was apprised that the water treatment technology is adopted by the Authority to meet the requirement of the entire country.
Apart from this, several leading companies have evinced interest in setting up units in the State. These include Hyflux, Ecosoft, Ascot, Mapletree logistics etc, and pilot initiatives with Hyflux. Some CEOs have evinced keen interest in setting up smart cities and healthcare units in Haryana.
Manohar lal who is leading a high-level delegation to hard-sell the State and woo investors, addressed a meeting with 30 top Singapore-based CEOs and leading investors in the fields of infrastructure and real estate.
During the meeting, the CEOs evinced keen interest in setting up smart cities, solid waste treatment and waste water treatment plants, healthcare units and in the field of insurance.
Addressing the gathering, the Chief Minister gave details of the progress Haryana had made, and the opportunities the State offered in various fields to the investors, especially in the fields of infrastructure, healthcare, smart cities, skill development, funding, aerospace and defence manufacturing.
Sharing details of such projects as Global City at Gurugram, logistics Hub at Nangal Chaudhary, Mass Rapid Transit System between Gurugram to Bawal, Aviation Hub at Hissar, and the Global Economic Corridor along the KMP Expressway, Manohar lal made a strong pitch to the investors to come and invest in the State.
The Chief Minister also had a detailed meeting with Equis Group which is a private equity group based at Singapore. They have shown interest in making investment in Haryana in the fields of affordable housing, power transmission and renewable energy and also, in terms of making investment in bioethanol and waste to energy plant.
Also, they have set aside huge investor fund of about one billion dollars for investment in Haryana. Haryana Government will on Tuesday sign two Memorandum of Understanding (MOUs) with the Equis Group for investment in the State.
Speaking at the meeting, Vipul Goel, State Industries Minister, shared with CEOs the conducive business environment the State had generated for the growth of enterprises in the State through policy framework, incentive structure, and ease of doing business.
Principal Secretary, Industries, Sudhir Rajpal made a presentation on the potential opportunities in the State. Managing Director, Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) Raja Sekhar Vundru was also present during the interaction.
The Chief Minister had on Sunday left for a five-day tour of Singapore and Hong Kong from May 21 to 25.