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Haryana claims to have got commitments worth Rs 3 lakh cr at investor summit

Gurgaon - Haryana has received investment commitments of Rs 3 lakh crore and the number is expected to rise further on the last day of the global investor summit tomorrow, Chief Minister Manohar Lal Khattar said today.

FM Jaitley at the Happening Haryana summit. PTI

FM Jaitley at the Happening Haryana summit. PTI

However, a statement released by the state government said that 11 Memoranda of Understanding (MoUs), involving investment of Rs 18,159 crore, were signed with different companies on the first day of Happening Haryana Global Investor Summit which kicked off here today.

When the Summit was conceived five months ago, it was designed as the first event towards realising the goal of achieving an investment of Rs 1 lakh crore or $16 billion set when the policy was announced on August 11, 2015, the Chief Minister said in his address at the summit.

"But now, I am told by our Chief Secretary that the commitments so far had already exceeded this target by two hundred per cent. We hope by tomorrow, this number will see a still more substantial increase," he said.

"This reflects a resounding endorsement of the policy commitments and an appreciation of the steps taken by my government to implement these," he said.

According to the official statement, an MoU of Rs 15,000 crore for financial services signed with ICICI Bank.

Bharti Airtel signed a pact of Rs 2,000 crore investment in electronics, IT and ITeS sector.

Besides, an MoU involving an investment of Rs 283 crore was signed with Star Wire (India) Limited for manufacturing special and critical steel adopting high-tech technologies.

The MoU of Rs 200 crore was signed with Minda Kosei Aluminium Wheel Private Limited for automobile parts, alloy wheels, of Rs 190 crore with Honda for worker housing, and another MoU of Rs 150 crores with Plasser India Private Limited for manufacturing unit for track maintenance machines.

Apart from this, MoUs of Rs 100 crore each were signed with Minda Industries and Mindarika Pvt Ltd for automobile parts switches.

Another MoU of Rs 80 crore was signed with T G Minda for automobile parts rubber hoses and an MoU was also signed with Snapdeal for e-commerce, release said.

Meanwhile, Indiabulls Housing Finance in a statement said that the company together with its group firm Indiabulls Real Estate has committed an investment worth Rs 25,000 crore in Haryana over the next seven years.


Updated Date: Mar 08, 2016 09:54 AM

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