Japanese firm to set up industrial park in Haryana

December 8th, 2008 - 10:55 pm ICT by IANS  

Manmohan SinghChandigarh, Dec 8 (IANS) Japan-based trading firm Mitsui and Co. Ltd Monday signed an agreement with two Indian infrastructure development companies to jointly set up an integrated industrial, transportation and logistic park in Haryana.The park, to be jointly developed by Mitsui, Haryana State Industrial and Infrastructure Development Corp (HSIIDC) and IL and FS Infrastructure Development Corp, would attract around $1 billion Japanese investment to the state, Chief Minister Bhupinder Singh Hooda told reporters.

“This project is likely to attract Japanese investment to the tune of the $1 billion and will create an employment for about 10,000 people directly and indirectly in the core and allied activities,” he said.

This project is in line with the joint declaration made by both countries during Indian Prime Minister Manmohan Singh’s visit to Japan in October 2008.

“Till now, we have not decided the location and in the next two months, we will conduct a survey to find the most suitable site. We will evaluate all the aspects pertaining to the feasibility of the project like better road and railways connectivity, access to water source and raw material,” Hooda said.

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