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Many Korean, Japanese companies to invest in Haryana

Special Correspondent

Eight-day visit `highly fruitful': Hooda; over Rs. 2,200 cr. investment generated

CHANDIGARH: Haryana Chief Minister Bhupinder Singh Hooda on Tuesday claimed that he had succeeded in generating foreign investment of Rs. 2,200 crores from both Korean and Japanese companies during his recent eight-day visit to these countries along with an official-cum-business delegation.

Talking to media persons here, Mr.Hooda said Suzuki would invest Rs.650 crores in its diesel engine project, Suzuki Vendors Rs.1,000 crores and YKK would expand its unit in Haryana with an investment of Rs.250 crores. Samsung Electronics would invest Rs.65 crores, Standard Diagnostics Rs.125 crores and NTN Rs.110 crores.

In addition to this investment, several hundred crores of rupees would be catalysed as an outcome of the road-shows and meetings held by the delegation with a large number of investors in these two countries.

While describing his first foreign visit, after becoming the Chief Minister, as `highly fruitful', he said that the prime objective of the visit was to market Haryana an ideal destination for investment with some of the high profile Korean and Japanese companies. "Our visit has proved a step forward in creating more congenial atmosphere for investment in the State by foreign investors and entrepreneurs and our Government would pursue early setting up of these proposed ventures,'' he said.

Mr. Hooda assured that his Government would help in facilitating any clearance at the level of the Central Government in case any Korean company chose Haryana as an investment destination.

The Korean companies were invited to participate in the development of Special Economic Zones, Industrial Model Townships, Power Sector and Transport in Haryana, he added.

He disclosed that the Central Government had approved, in principle, the setting up of nine Special Economic Zones in Haryana.

He reiterated that several steps were being taken to attract foreign direct investment and the setting up of SEZs was a part of this drive.

The State Government would shortly sign a Memorandum of Understanding with Reliance Industries Limited for the development of SEZ with an investment of Rs. 2,500 crores.

The focus being on development of IT sector, new technology parks were being developed at Panchkula and Manesar.

It had also been decided to develop three industrial model townships at Faridabad, Kharkhoda and Rohtak.

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