Chinese land development firm submits proposal to Haryana

CHANDIGARH: China Fortune Land Development (CFLD) has submitted a proposal to the Haryana government for joint development of an industrial township at Sohna entailing investment of around Rs 17,000 crore.

The Chinese company submitted proposal to Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) for joint development of Integrated Industrial Model Township (IMT), Sohna, to make it north India's prime destination for industrial development, a top official said today.

It will bring investment to the tune of Rs 17,000 crore and generate more than one lakh job opportunities, HSIIDC Managing Director Sudhir Rajpal said, adding that the proposal has been submitted under the Swiss Challenge Method.


He said that CFLD, through CFLD India, intends to invest and serve as a "total solution" partner to the Haryana Government for the development of the project as a modern, ecological, high-value and integrated Industrial Model Township with sound urban functions, focusing on building the ecosystem for and attract high-value industries.

He said that CFLD had initially expressed its interest to participate in the development and upgradation of the state of Haryana during the visit of a delegation led by the Chief Minister to China in January 2016.

A Memorandum of Understanding (MoU) was signed amongst Government of Haryana, HSIIDC and CFLD on July 2, 2016, in the presence of the Chief Minister.

The project is expected to emerge as a pioneering and flagship initiative to revitalize the industrial development in Haryana powered by the cooperation between CFLD and HSIIDC.

While referring about the company, he said that the China Fortune Land Development is world's leading real estate company specialized in building and operating large scale Integrated Industrial new cities.

In the past 15 years, the CFLD had successfully built and operated 47 Smart Industrial Cities in China.