Thursday December 13, 2018
Home Uncategorized Haryana, Conn...

Haryana, Connecticut ink deal, CM woos investors in US

0
//
Republish
Reprint

New York: Haryana and the US state of Connecticut have agreed to develop long-term partnership for sharing economic, social and cultural experiences.

The agreement was reached during a meeting on Tuesday between visiting Haryana Chief Minister Manohar Lal Khattar and Connecticut Governor Dannel P. Malloy in state capital Hartford, near New York.

Malloy assured Khattar that he would take up the issue of investment with Fortune 100 enterprises, 17 of which are located in Connecticut, according to a Haryana government media release.

Malloy accepted Khattar’s invitation to visit Haryana. He will be visiting Haryana early next year to scout for investment opportunities in the auto and precision engineering sector.

2015-08-18_2130
Dannel P. Malloy

Earlier, Khattar and Haryana Industries and Commerce Minister Abhimanyu met seven prospective investors in New York to discuss the possibility of investment in projects and joint ventures in the power and renewable energy sectors, the release said.

Clutch Group founder and CEO Abhi Shah accepted Khattar’s request to start a power project in Haryana and make investment on the pattern of Gujarat, for providing modern facilities like gymnasium, and smart teaching aids.

ThermoAura Inc co-founder and president Rutvik J. Mehta expressed his intention to enter into a joint venture for establishing facilities for manufacturing solar thermal generators.

2015-08-18_2127
Manohar Lal Khattar

Ducon Group of Companies chairman and CEO Aron Govil, who was born in Hisar in Haryana, evinced keen interest in setting up a 100 MW solar power plant in the state.

KPM Assets Alliance managing director Maheshwar Saladi expressed desire to bring a delegation of investors from the US for exploring possible avenues for investment in different sectors in Haryana.

New Silk Route CEO and Vedanta Capital co-founder Parag Saxena discussed issues relating to the deepening of the bond market for financing infrastructural projects.

The Haryana government also signed an MoU with Carrier Airconditioning and Refrigeration Limited, a unit of United Technologies Corporation at Pratt and Whitney Plant, for setting up an additional plant for manufacturing air-conditioning devices in Gurgaon.

The MoU was signed in the presence of Khattar and Abhimanyu at Hartford.

The proposed manufacturing facility in Gurgaon will provide employment to more than 2,000 people besides bringing in investment worth $50 million.

(IANS)

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

China, US Set To Take Action Against Each Other

US business executives are now bracing for further retaliation from China due to Meng's arrest

0
USA, China,
President Donald Trump with China's President Xi Jinping during their bilateral meeting, Dec. 1, 2018 in Buenos Aires, Argentina. VOA

China and the US are set to take action against each other as tensions escalate over trade, cyber hacking and espionage as senior American law enforcement officials identified Beijing as the most serious threat to Washington’s national security, officials said.

China’s methods of non-traditional espionage, including their use of ordinary Chinese expatriates instead of spies at universities and businesses, and intellectual property theft, were explained by the officials from the FBI and Departments of Justice and Homeland Security who briefed US lawmakers on Wednesday, CNN reported.

“As the US proceeds a whole of society response to this threat, we must address the vulnerabilities within our system while preserving our values and the open, free and fair principles that have made us thrive,” E.W. Priestap, the Federal Bureau of Investigation’s Assistant Director of Counter-intelligence told the Senate Judiciary Committee.

“What hangs in the balance is not just the future of the US, but the future of the world.”

The Department of Justice’s (DOJ) top national security official told lawmakers on Wednesday the administration was reacting to China’s “steadily increasing” economic espionage activity, which costs the US an estimated $225 billion a year.

From 2011 to 2018, more than 90 per cent of the DOJ’s cases alleging economic espionage by a state have involved China, and more than two-thirds of trade secret thefts have a nexus to China, Assistant Attorney General John Demers said.

Donald Trump, democrats, government,, pakistan
U.S. President Donald Trump. VOA

“From underwater drones and autonomous vehicles to critical chemical compounds and inbred corn seeds, China has targeted advanced technology across sectors that align with China’s publicly announced strategic goals,” Demers said. “The play book is simple: rob, replicate and replace.”

Priestap and his colleagues testified hours after Secretary of State Mike Pompeo confirmed in an interview with Fox News that the US believes Beijing was behind the massive cyber-attack on the Marriott hotel chain, CNN reported.

The New York Times reported on Tuesday that the assault was part of a broader Chinese operation that also targeted health insurers and the security clearance files of millions of Americans.

Also Read- Bug Spotted in Microsoft Office 365, Outlook

Those disclosures came a day after President Donald Trump said that he would be willing to use Huawei’s Chief Financial Officer (CFO) Meng Wanzhou who was arrested in Canada for violating US sanctions on Iran as a bargaining chip in his trade war with Beijing, which for now is in a 90-day pause.

A Canadian judge on Tuesday night granted Meng a $7.5 million bail, while she awaits extradition to the US.

US business executives are now bracing for further retaliation from China due to Meng’s arrest. (IANS)