China’s richest man plans $10bn project in India
Billionaire Wang Jianlin’s Dalian Wanda Group agreed to spearhead a $10-billion project to build an industrial park in India, in what could become one of the biggest development projects in the country.
Wanda Group, China’s biggest commercial property developer, signed a preliminary agreement with the state of Haryana to build an industrial zone, the company said. The first phase of ‘Wanda Industrial New City’, the construction of which may begin this year, will span 13 sq km and house companies in industries ranging from software to cars and healthcare, it said. Should the project be completed, it would mark as a victory for Prime Minister Narendra Modi’s efforts to bring in foreign capital. The investment’s scale suggests it would be the largest foreign investment into India, said Sanjay Dutt, executive MD for South Asia at Cushman & Wakefield in Mumbai.
Wow.. Nice!!! Finally Mr. Modi efforts started giving fruits…Great.. Hope to get more and more
Well done Modi jee, ignore your critics especially from the Congress camp.
FD investment in every sector including defense is the only way to boost India’s infrastructure and growth.
Doesn’t matter where it’s coming from . We need investment . Our country must come up. Enough is enough
best government ever..best PM..
this I’d called aache din which are hidden from naked eyes, such incentives give only long term benefits and we never seen this in Congress raj..
A known hostile nation where core businessmen are also STATE Agents, must be allowed after a lot of screening n care ! else we shall have ONE more invasion right into our heart ! china is a unfriendly nation with serious mal intentions with regard to INDIA ! Modi will live for another 5 to 20 years, but this shall dominate the Indian resources for centuries !
Good news but we need to be cautious with Chinese.
Chinese will invest $10b to earn $50b..
WELCOME..NOW..WELCOME..NEW CHINESE MASTERS !!..WE WERE SLAVES AND WE WILL ALWAYS BE SLAVES !!
good for haryana property business will shot up again which is in sleep mode now
I like modi . u r the hero of hindustan