Tuesday, Apr 16 2024 | Time 18:31 Hrs(IST)
image
Business EconomyPosted at: Nov 17 2016 6:06PM


CFLD proposes for joint development of IMT Sohna

Chandigarh, Nov 17 (UNI) The China Fortune Land Development Private Limited (CFLD) has submitted a proposal to the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) for joint development of an Integrated Industrial Model Township (IMT) Sohna with a vision to make it north India’s prime destination for industrial development and bring investment to the tune of Rs 17,000 crore and generate more than one lakh job opportunities.
HSIIDC Managing Director Sudhir Rajpal here today said the proposal has been submitted under the Swiss Challenge Method. He said the CFLD, through the 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 IMT with sound urban functions, focusing on building the ecosystem for and attract high-value industries.
He said the 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.
Mr Rajpal reminded that the Haryana Cabinet had approved the proposal of Industries and Commerce Department to adopt the guidelines for project execution and public procurement of development works under Swiss Challenge Method.
The Swiss Challenge Method is a bidding process to help private sector initiative in spotting public need projects. It is also in consonance with the Maha Nivesh Yojana of the state government wherein the government would support development of iconic projects in manufacturing enterprises, tourism, logistics and wholesale markets, which would bring mega investment to the state.
UNI DB AE RJ 1806
Please log in to get detailed story.
Tags: #CFLD proposes for joint development of IMT Sohna
More News

Airtel celebrates 5 9 mn 5G customers in TN

16 Apr 2024 | 6:11 PM

Chennai, Apr 16 (UNI) Bharti Airtel (Airtel), one of India’s leading telecommunications service providers, on Tuesday announced that it has 5.9 million customers enjoying 5G service in the state of Tamil Nadu.

see more..

SIDBI inks MoU with Jeevika Bihar & UMED Maharashtra

16 Apr 2024 | 5:28 PM

New Delhi, Apr 16 (UNI) The Small Industries Development Bank of India (SIDBI) in association with Women’s World Banking has inked a MOU with Jeevika Bihar and UMED Maharashtra, to extend Prayaas Scheme to State Rural Livelihood Missions to ensure over 50 lakhs women of low income group to get access to affordable credit.

see more..
Axis Bank expands its omni-channel shopping segment through its Credit Card partnership with Shoppers Stop

Axis Bank expands its omni-channel shopping segment through its Credit Card partnership with Shoppers Stop

16 Apr 2024 | 5:27 PM

Kolkata, Apr 16 (UNI) Axis Bank and Shoppers Stop have announced the launch of their co-branded Credit Card – the Axis Bank Shoppers Stop Credit Card.
This partnership will offer an enriched shopping experience to cardholders for both the online and offline experiences, according to a media statement here on Tuesday.

see more..

Gold hits another record high of Rs 75300; Rupee hits record low against USD

16 Apr 2024 | 5:06 PM

New Delhi, Apr 16 (UNI) Amidst rising geo-political tensions and weakened Indian currency against USD, market witnessed another upward rally in Gold as it touched new record high of Rs 75300 per 10 gram in 24-Carat category with 999 points purity.

see more..

MET City of RIL garners Rs 1,913 crore from booking of plots in 2023-24

16 Apr 2024 | 5:03 PM

New Delhi, Apr 16 (UNI) Reliance Model Economic Township (MET City), a wholly owned subsidiary of Reliance Industries Limited, on Tuesday said the total number of plots booked during 2023-24 stood at 1079 across all segments resulting in a booking value of Rs 1,913 crore, 60 per cent jump over previous year.

see more..
image