CHANDIGARH, NOV 17
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.
While disclosing this here today, the Managing Director HSIIDC, Mr. Sudhir Rajpal said that the proposal has been submitted under the Swiss Challenge Method.
He said that 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 Industrial Model Township with sound urban functions, focusing on building the ecosystem for and attract high-value industries.
He said that 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.
He 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.
The submission of the proposal signifies the commitment of the CFLD in the development of the State and its confidence in the State as an investment destination. This project is expected to emerge as a pioneering and flagship initiative to revitalize the industrial development in Haryana powered by the co-operation between CFLD and HSIIDC.
While referring about the company, he said that the China Fortune Land Development is world’s leading real estate company specialized in building and operating large scale Integrated Industrial new cities. Since its foundation in 1998, they have enjoyed great growth momentum and now the market capital is currently $13 billion and total assets are $26 billion, in 2014 they are listed by Forbes as Asia’s top 50 public companies. In the past 15 years, the CFLD had successfully built and operated 47 Smart Industrial Cities in China. With their strong and unique Industry promotion capability, until 2015, the CFLD had helped to attract an investment of more than 30 billion USD and created more than 50,000 job opportunities.
Though their decades of development, they have found the best solution for helping regional economy to grow. The CFLD provides total solution for regional economic growth including planning, building and operation infrastructure, public utilities, commercial, residential, industrial plots, professional investment promotion service from marketing, incubating, expediting and related financial measures. For example, in one of their flagship industrial new City Gu’An,50 km from Beijing Center, having about 120 square kilometers area, through their PPP practice with local government, they have built an economically advanced beautiful city with full fledged high-end industries, helped local fiscal revenue to grow 57-fold in 14 years and population increased by 200,000. The CFLD’s practice in developing industrial new city is promoted by China’s State Council as model of regional economy development.
=====balbirsingh227@gmail.com
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.
While disclosing this here today, the Managing Director HSIIDC, Mr. Sudhir Rajpal said that the proposal has been submitted under the Swiss Challenge Method.
He said that 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 Industrial Model Township with sound urban functions, focusing on building the ecosystem for and attract high-value industries.
He said that 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.
He 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.
The submission of the proposal signifies the commitment of the CFLD in the development of the State and its confidence in the State as an investment destination. This project is expected to emerge as a pioneering and flagship initiative to revitalize the industrial development in Haryana powered by the co-operation between CFLD and HSIIDC.
While referring about the company, he said that the China Fortune Land Development is world’s leading real estate company specialized in building and operating large scale Integrated Industrial new cities. Since its foundation in 1998, they have enjoyed great growth momentum and now the market capital is currently $13 billion and total assets are $26 billion, in 2014 they are listed by Forbes as Asia’s top 50 public companies. In the past 15 years, the CFLD had successfully built and operated 47 Smart Industrial Cities in China. With their strong and unique Industry promotion capability, until 2015, the CFLD had helped to attract an investment of more than 30 billion USD and created more than 50,000 job opportunities.
Though their decades of development, they have found the best solution for helping regional economy to grow. The CFLD provides total solution for regional economic growth including planning, building and operation infrastructure, public utilities, commercial, residential, industrial plots, professional investment promotion service from marketing, incubating, expediting and related financial measures. For example, in one of their flagship industrial new City Gu’An,50 km from Beijing Center, having about 120 square kilometers area, through their PPP practice with local government, they have built an economically advanced beautiful city with full fledged high-end industries, helped local fiscal revenue to grow 57-fold in 14 years and population increased by 200,000. The CFLD’s practice in developing industrial new city is promoted by China’s State Council as model of regional economy development.
=====balbirsingh227@gmail.com
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