Chinese firm to invest in Haryana

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After Wanda Group of China, another popular company China Fortune land Development Co ltd has evinced interest to establish a joint venture with Haryana Government.

China Fortune land Development Co. ltd. is a leading company of China in the field of setting up Industrial Parks. A five-member delegation headed by Chief Financial Officer (CFO) of the company, Xingchuan liu called on the Haryana Industries and Commerce Minister, Capt. Abhimanyu here on Wednesday.

The delegation discussed about their investment schemes in the field of electronics, automobile, aerospace and food processing in Haryana.

The Industries and Commerce Minister apprised the delegation about aplenty investment opportunities available in Haryana due to its favorable geographical location for entrepreneurs from country and abroad.

He said that all kinds of concessions and incentives are being given to reduce the cost of setting up business and to encourage setting up of industries in the state. One Roof System has been initiated to provide all clearances under one roof. For investment, tax procedures have been simplified and all processes have been made online, said he. The huge success of “Happening Haryana - Global Investors’ Summit” has attracted a large number of foreign investors to invest in the state and set up their ventures here, he informed.

Capt Abhimanyu said that with the establishment of Global Corridor along with KMPl Expressway, a new chapter would be added in industrial development in Haryana. Also, the state is developing Gurgaon as a Smart City. This would be first global city of international level of the country. The State Government is also accelerating its efforts to establish logistic Hub in Bawal, said he.

He also informed that 13 districts of the state fall in NCR region, from where International Airport of Delhi is about two hours far. Besides this, the State Government is also establishing an International Airport on 3,000 acres government land in Hisar.

During the meeting, China Fortune land Development Co. ltd., CFO,  Xingchuan liu said that their company would submit its proposal of schemes by the end of this month.

Daily Pioneer
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