Wanda Group Proposed a joint venture with HSIIDC for industrial township in Sonipat, Haryana

Wanda Group Proposed a joint venture with HSIIDC for industrial township in Sonipat, Haryana

Wanda Group Proposes Green Industrial Township in Sonipat, Haryana. Chinese conglomerate Wanda Group has proposed a joint venture with the Haryana State Industrial Infrastructure Development Corporation (HSIIDC) to develop a massive industrial township in Sonipat. Wanda Group Proposed a joint venture with HSIIDC for an industrial township in Sonipat, Haryana on 2800 acre land.

Project Highlights:

• Project Type: Green Field Integrated Industrial TownshipWanda Group Proposed a joint venture with HSIIDC for an industrial township in Sonipat, Haryana on 2800 acre land.
• Location: Kharkhoda, Sonipat, Haryana
• Joint Venture: Wanda Group and HSIIDC
• Estimated Investment: USD 10 billion (Rs 65,000 crore)
• Expected Job Creation: 34,000 direct jobs
• Project Area: 2,800 acres (developed in phases)
• Key Features:
  • Focus on industries like software, automotive, machinery, healthcare, education, smart appliances, and food processing.
  • Integrated residential township with amenities and social infrastructure.
  • “Cultural Tourism City” to be developed within the project area.

Significance:

• This project, if approved, would be a major investment in Haryana and contribute significantly to the Delhi-Mumbai Industrial Corridor and National Capital Region.
• It reflects the growing interest of Chinese companies in Indian infrastructure projects.

Additional Information:

• Wanda Group is a $92 billion conglomerate with a diverse business portfolio including shopping malls, theme parks, sports, and cinemas.
• The proposal leverages the “Swiss Challenge Method,” a bidding process allowing private entities to submit proposals for government projects.

Background:

• This proposal comes after meetings between Haryana Chief Minister Manohar Lal Khattar and Wanda Group Chairman Wang Jianlin.

This news indicates a potential game-changer for Sonipat’s industrial landscape. The project’s focus on diverse industries, integrated development, and job creation makes it a promising initiative with the potential to attract significant investment and development to the region.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in