Tuesday, March 8, 2016

How ‘Happening Haryana’ Succeeded Against All Odds

With only a few hours remaining for Haryana’s first ever Global Investor Meet - Happening Haryana 2016 - to conclude, the feedback from the event suggests that it is well on track by rising over the challenges posed by the recent reservation quota violence. Not just domestic and overseas investors, but powerful nations like Japan and China are backing Haryana like they have never lent support to any other Indian state.

Despite apprehensions, it seems that Haryana Chief Minister Manohar Lal Khattar’s and Industries Minister Captain Abhimanyu's bold decision to conduct ‘Happening Haryana 2016’ as scheduled, has finally succeeded.

Major domestic companies who have come forward with investment plans in the state include, ICICI Bank, Bharti Airtel, Indiabulls Housing Finance, DLF, and Jindal Realty.

Foreign investors who came out in open support of Haryana, during this summit, include Keita Muramatsu, President & CEO, Honda Scooters and Motorcycles India; Chang Kwon Kim, Chief Executive of Lotte Asset Development Company, Korea; and Indra Nooyi, Chairperson of PepsiCo.

Sector-wise, the largest commitment for investments is from the renewables energy sector. Major proposals include those in solar, micro hydro, and biomass/waste to energy projects.

Preliminary numbers suggest that around Rs. 80,000 crore worth of investment commitments have been made by the renewables sector alone, which is higher than even the domestic industrial investments signed in the summit so far.

Major domestic entrepreneurs who supported the state and announced their Haryana plans, during the summit, include, RC Bhargava, Chairman, Maruti Suzuki; Subhash Chandra, Chairman, Essel Group and Zee TV; Gautam Adani, Chairman, Adani Group; Malvinder Mohan Singh, Executive Chairman, Fortis Healthcare; Adi Godrej, Chairman, Godrej Group; Pawan Munjal, Chairman and Managing Director, Hero Motocorp; YC Deveshwar, Chairman, ITC; and Naresh Trehan, Chairman & Managing Director, Medanta.

A notable achievement of ‘Happening Haryana 2016’ was the full support offered by Asian giants, Japan and China.

While Le Yucheng, China's Ambassador to India, announced that Haryana will be the Chinese Government’s top destination for bringing in Chinese companies, Kenji Hiramatsu, Ambassador of Japan to India stressed on the fact that despite 305 Japanese companies already operating in Haryana, Japan wants to take this relationship with the state to much higher levels.

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