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China's Dalian Wanda To Develop $10 Billion Industrial Park In Haryana

The company owned by China's richest man Wang Jianlin says it will be the lead investor in the project's initial infrastructure and also ask Chinese firms to take part

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Chinese conglomerate Dalian Wanda Group said on Friday (22 January) it would develop a $10 billion industrial park in Haryana, its first project in the country.

The company owned by China's richest man Wang Jianlin said it would be the lead investor in the project's initial infrastructure and also ask Chinese firms to take part.

Construction on the first phase of the 13 square km park in Haryana is due to start this year, the company said.

"Haryana State will provide Wanda with the most preferential policies," it added in a statement.

Dalian Wanda is aggressively spending on projects and acquisitions ranging from entertainment to financial services in a bid to diversify away from its core, but slowing, domestic real estate operations.

The conglomerate which posted $44 billion in revenue last year has said it wants more than a third of its revenue to come from abroad by 2020.


Tags assigned to this article:
industrial park haryana Dalian Wanda Group china india