Chinese, South Korean companies keen to invest in Haryana in EV sector

Top companies of South Korea and China have evinced interest in making multi crore investment in Haryana in the field of electric vehicles and Information Technology.

The interest was shown by the investors during a meeting held under the Chairmanship of Chief Minister, Manohar Lal to discuss various investment opportunities in Haryana, at Gurugram late last evening.

Edison Motors India, a leading South Korean Company and manufacturer of electric buses and trucks offered to establish its manufacturing plant over 30 acre with an investment of over Rs 500 crore.

This will also generate employment opportunities for about 500 to 800 youth. Similarly, the Chinese firm has shown keen interest in establishing the Head Quarter building in Gurugram with a potential of generating employment opportunities for 600 to 700 youth.

As a result of various facilities and clearances being provided to the entrepreneurs under one roof in a time bound manner, Haryana has become a favourable destination for the industries to set up their units in the State. In terms of Ease of Doing Business rankings, Haryana is currently at number three in the country and first in northern states.

The Chinese and Korean investors were highly impressed with the Chief Ministers Commitment to garner foreign investment by offering favourable atmosphere to the investors during this current world scenario.

Among those present in the meeting included Mr. Lee, Managing Director, Edison Motors India, Chinese Investor Mr Jerome Chen and Mr Pawan Choudhary , State Incharge of Invest India, a National Investment Promotion and Facilitation Agency, Chief Administrator HSVP Pankaj Yadav, HSVP Administrator Guru gram Jitender Yadav, Guru gram Divisional Commissioner Ashok Sangwan, Deputy Commissioner Amit Khatri, Estate Officer HSVP Vivek Kalia were also present.

ET Energy World
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