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Haryana government hopeful towards investment for state

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New Delhi: Even after witnessing dreadful events during the Jat protests for quota, Haryana is still hopeful and is moving forward to ‘Happening Haryana Global Investors’ summit to attract investment for the state.

Chief Minister Manohar Lal Khattar and others who are to participate in the March 7-8 investment summit have their fingers crossed as  the widespread violence happened just over a fortnight before the scheduled summit dates.

“With shops, businesses and other institutions targeted by mobs and the police and administration failing to control the situation, Haryana’s image as an ideal investment destination has taken a big hit,” a senior Haryana bureaucrat said.

“Everyone is keeping their fingers crossed about the summit and its eventual outcome in terms of actual investment on the ground. The violence will definitely put off a lot of investors,” the officer said, requesting anonymity.

Despite the nine days of unrest and violence, Japan has proposed to become a partner country in the summit. This was telephonically conveyed to the chief minister, Finance and Industries Minister Abhimanyu said.

The residents of the state ensured the safety of the industries during the protests, he claimed.

“When the law and order situation in the state was disturbed, people protected the industries and drove away miscreants,” the minister said, trying to build confidence among future investors.

In the previous years, a number of Japanese and South Korean companies have invested in Haryana, including Maruti-Suzuki, piloted by Japanese car maker Suzuki, proved a great success in the automobile sector.

The big names that have invested in Haryana include Honda, Canon, Yakult, Denso, Mitsubishi, Toyo, Daikin, Yokohama, Showa, Nippon, Kansai Paints, Asahi and Stanley.

Khattar has announced that 12 countries would participate in the first ‘Happening Haryana Global Investors’ Summit 2016′ being organised in Gurgaon on March 7 and 8. The summit is being organised by the Haryana government in association with Confederation of Indian Industry (CII).

China, Czech Republic, Japan, Malawi, Mauritius, New Zealand, South Korea, Peru, Poland, Spain, Britain and Tunisia are taking part in partner countries.

Khattar is hopeful that this summit will bring more investment to the state and will be a ‘historic event’ for Haryana.

Besides Japan and China, which he visited in January, Khattar traveled to the US and Canada last year. Investment road shows in Kolkata, Chennai and Mumbai too were carried out by him in the past two months.

More than 800 entrepreneurs from India and other countries are expected to participate in the summit. Representatives of 140 foreign companies and diplomats will also attend.

“We are confident that the investment target set in the summit would be achieved,” Abhimanyu said.

Union Finance Minister Arun Jaitley will inaugurate the two-day event on March 7. A number of union ministers are expected to attend.

China’s Wanda Group has decided to invest $10 billion in Haryana, the government claimed after Khattar’s Beijing visit.

But not everyone is hopeful.

“Many investors will develop cold feet after the recent violence. The Khattar government literally abdicated its responsibility. There was no administration. It was utter lawlessness,” Rajinder Saini, a businessman who suffered losses in the violence in Rohtak town said.

Trade and industry body Assocham projected the loss in the violence at around Rs 20,000-crore.

Following the violent incidents and its aftermath, the Haryana government cancelled the ‘Pravasi Haryana Divas’ that was to be held at the summit on March 9.

Rohtak town, 70 km from Delhi, suffered the brunt of the violence blamed on Jats with scores of buildings, shops, malls, hospitals, educational institutions and vehicles set on fire and extensively damaged.

Rohtak, Sonipat, Panipat and Jhajjar districts were the worst hit by the violence. Other affected districts included Bhiwani, Hisar and Kaithal.(IANS)(Image Courtesy: images.mathrubhuminews.in)

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Top 10 startups funded by celebrities

The buzzword of Indian economy 'Startup' gaining the attention of celebrities

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Funds Ziddu. Wikimedia commons
Funds Ziddu. Wikimedia commons

Recently celebrities have been ready to invest in valuable startups. India has become one of the fastest growing startup ecosystems in the world, hence many celebrities seem to have growing business interests.

Here is the list of top 10 celebrities which are funding some major startups.

You may also like: Startup and a more competitive India

1. Ziddu funded by Amitabh Bachchan

Funds grouphomebuyers.com Wikimedia commons
Funds grouphomebuyers.com Wikimedia Commons

The actor decided to invest $250,000 in a startup based in Singapore, in 2015. Ziddu, a cloud service provider, was founded by Venkata Srinivas Meenavalli. It is run by Meridian Tech, and also offers free file hosting for documents, pictures, video, and audio.

2. Grouphomebuyers.com funded by Shilpa Shetty

A site which has a listing of new and upcoming residential projects from top cities. Shilpa Shetty is the co-founder of this website which has helped 200 families get properties at discounted prices.

3. Pulse funded by Chetan Bhagat

This new age photo-sharing mobile app was founded by Karthik Vaidyanath and Prakhar Khanduja. This app has a combo of articles and user-generated content. It is a bit like Snapchat, but one major difference is that you cannot take screenshots of this one. Many prominent people have participated in its funding, one name is Chetan Bhagat.

4. Healthians funded by Yuvraj Singh

One of the many startups that Singh has invested in, is Healthians. It is a home service health test platform that operated in NCR. It is now launched in Mumbai and Bangalore too.

Funds Qyuki. Wikimedia commons
Funds Qyuki. Wikimedia Commons

5. Qyuki funded by A.R. Rahman and Shekhar Kapur

They both joined hands in 2012 to launch a social media platform. Qyuki aims to engage Indian youth to new media content. It was built on Cisco’s cloud infrastructure and had received an investment from it too.

Read more: Bollywood celebs security trimmed

6. Yatra funded by Salman Khan

All of us know about Being Human. However, what we don’t know is that Salman Khan has a 5% stake in Yatra.com. He is also the brand ambassador for the company.

7. HealthEminds funded by Robin Uthappa

It was in March 2016 that Uthappa invested an undisclosed amount in HeathEMinds. The startup aims at helping people to deal with mental stress and depression. It was started in 2013, the startup offers video counselling without disclosing the identity of the caller.

Funds Muvizz. Wikimedia Commons

8. Muvizz funded by Manoj Bajpayee

Muvizz was founded by Bajpayee’s friends Abhayanand Singh and Piyush Singh. This startup offers cult, classic and independent films to lovers of cinema around the world. It is a Video-On-Demand platform.

9. GOQii funded by Madhuri Dixit

This startup designs wearable fitness bands, it also provides fitness training. Madhuri started out as an investor with GOQii founded by Vishal Gondal. Dr. Sriram Nene, Dixit’s husband, is the CMO of the company.

10. Indi funded by Anil Kapoor

It is video social network founded by Neel Grover which was launched in 2012. Kapoor invested an undisclosed amount in the startup.