The European Technology Park will make an initial investment of more than Rs 1,100 crore (Rs 11 billion) in a modern technology park in Haryana, state Chief Minister Bhupinder Singh Hooda said on Tuesday.
"Ultimately, they will invest euro 2 billion (Rs 1,1389 crores approx) in the state in the coming years," Hooda, who is in London heading a business and industrial delegation to attract foreign investment, told PTI.
The Haryana chief minister, who came to London after visiting Germany, Holland and France, said a Memorandum of Understanding in this connection was signed at Amsterdam last Tuesday.
Another MoU was signed in Berlin with the Osram Group, manufacturer of electric bulbs who will invest Rs 100 crores (Rs 1 billion) in Haryana for setting up an energy saving lamp manufacturing unit.
In yet another MoU signed in Paris, Arcelor-Mittal would set up a joint venture auto-component manufacturing company in the state, the chief minister said.
JCB group in the UK, known for its excavation work and is already operating in the state, would set up an engine manufacturing unit in Ballabhgarh.
There were also a lot of queries for setting up food processing and non-conventional energy units in the state, he said.
On the infrastructural bottlenecks afflicting Gurgaon following a sudden spurt in IT-related activities there, Hooda said the state government has sanctioned Rs 770 crore (Rs 7.7 billion) for providing better infrastructure in the next three years.
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