Investors pledge `3-lakh crore to state on Day 1

GURGAON: On the inaugural day of the two-day Happening Haryana Global Investors Summit-2016, the state government received investment commitments of `3-lakh crore and the number is expected to rise on the second day of the global investor summit on Tuesday, chief minister Manohar Lal Khattar said on Monday.

The state government on Monday signed 38 memoranda of understanding (MoU) worth `1,28,740 crore with several companies. The summit targets attracting `4.35-lakh crore global investments.

The biggest deal was an MoU worth `45,365 crore signed with real estate developer M3M group for smart city development. For infrastructure development, MoUs worth `12,823 crore was signed with Vatika Ltd and `11,100 crore was signed with IREO Pvt Ltd.

An MoU worth `15,000 crore was signed with ICICI for financial services.

Telecom giant Bharti Airtel signed an MoU worth `2,000 crore on electronic, information technology (IT), and information technology enabled services (ITeS).

Steelmaker Star Wire (India) Ltd signed an MoU for `283 crore for manufacturing special and critical steel by adopting hightech technologies.

While the MoU with aluminium alloy wheels manufacturer Minda Kosei Aluminium Wheel Pvt Ltd was for `200 crore, carmaker Honda signed an MoU for `190 crore. Manufacturer of railway machinery Plasser India Pvt Ltd signed an MoU for `150 crore.