How is Haryana CM Seeking Investments from Japanese Companies?
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Synopsis
In a strategic move to boost the economy, Haryana's CM, Nayab Singh Saini, met Japanese corporate leaders to attract investments. An MoU with Honda for waste management was signed, emphasizing sustainable practices and enhancing trade opportunities. This initiative aims to create a dedicated cluster for Japanese businesses in Narayangarh.
Key Takeaways
- Investment Opportunities: Haryana is actively seeking investments from Japanese companies.
- MoU with Honda: A significant agreement was signed for waste management collaboration.
- Strategic Location: Narayangarh's proximity to key states enhances trade potential.
- Sustainable Practices: Emphasis on industrial wastewater treatment and recycling.
- CSR Utilization: Focus on effective use of CSR funds for community development.
Chandigarh, Sep 28 (NationPress) The Chief Minister of Haryana, Nayab Singh Saini, convened a meeting on Sunday in Gurugram with senior officials from prominent Japanese corporations, extending an invitation for investment opportunities within the state.
During this meeting, a memorandum of understanding (MoU) was formalized with Honda for the management of construction and demolition waste.
As part of this agreement, the state government will allocate land and waste materials to establish the plant, while Honda will produce tiles from the recycled waste.
The Chief Minister is scheduled to head to Japan from October 6 to 8, where he will tour the Haryana Pavilion.
In this regard, CM Saini engaged with senior executives from major Japanese firms operating in Haryana to enhance investment prospects, according to an official statement.
He also addressed the creation of a specialized cluster for Japanese businesses in Haryana and urged them to consider establishing this cluster in Narayangarh.
CM Saini highlighted that Narayangarh is strategically positioned near Chandigarh, Uttar Pradesh, Uttarakhand, and Punjab, being merely 40 to 45 km away, which is expected to greatly facilitate trade.
Discussing water supply initiatives in Manesar, the Chief Minister revealed that a detailed project report (DPR) has been finalized, with work set to begin soon post-tendering.
A budget allocation of approximately Rs 3,000 crore has been earmarked to secure water supply in Manesar via a pipeline from the Munak Canal.
This project has been designed with a 25 to 30-year population growth outlook to ensure sustainable water availability.
Chief Minister Saini underscored the significance of appropriately treating industrial chemical wastewater and promoted the use of advanced technologies for this purpose.
He urged industries to recycle and reuse their wastewater, for which a plan has been developed through the Haryana State Industrial and Infrastructure Development Corporation.
In the initial phase, this initiative will be executed in Manesar at an investment of around Rs 78 crore, allowing industries to reutilize water.
The Chief Minister also stressed the importance of leveraging corporate social responsibility (CSR) funds for impactful development projects.
He advised that CSR funds should be utilized under the supervision of the Deputy Commissioner to maximize their effectiveness and benefit for the community.
Point of View
The move by Haryana's Chief Minister to engage Japanese companies highlights a proactive approach to foreign investment. By fostering international collaboration and focusing on sustainable practices, Haryana aims to bolster its economic landscape while addressing environmental concerns. Such initiatives reflect a commitment to growth and modernization.
NationPress
28/09/2025
Frequently Asked Questions
What is the purpose of the MoU signed with Honda?
The MoU with Honda aims to manage construction and demolition waste, allowing the state to provide land and waste for a plant that will produce tiles from recycled materials.
What are the benefits of creating a Japanese business cluster in Narayangarh?
Establishing a Japanese business cluster in Narayangarh is expected to enhance trade due to its strategic location near major regions, providing a conducive environment for investment and growth.
How much budget has been allocated for water supply in Manesar?
A budget of approximately Rs 3,000 crore has been allocated to ensure a reliable water supply in Manesar through a pipeline from the Munak Canal.
What role do CSR funds play in development projects?
CSR funds are intended to support meaningful development projects, and CM Saini emphasized their optimal utilization through the Deputy Commissioner to maximize benefits for the community.
What technologies are being encouraged for wastewater treatment?
The Chief Minister encourages industries to adopt advanced technologies for the proper treatment of chemical wastewater, promoting recycling and reuse initiatives.
