Trade Analytics

Go Back

Walmart to open stores, Micromax plans manufacturing facility in Haryana

Economic Times:  December 23, 2015

Chandigarh: Wal Mart India Private Ltd president and CEO Krish Iyer met Haryana chief minister Manohar Lal Khattar to share plans to open its chain of stores in the state. The meeting was part of Haryana government The meeting was part of the first Roadshow organized at New Delhi in a run-up to 'Happening Haryana Global Investors' Summit-2016' to be organized at Gurgaon on March 7 and 8, 2016.

During the occasion, Micromax, Co-founder Rajesh Aggarwal today offered to set up a mobile handset manufacturing unit preferably in National Capital Region. The unit would provide employment to 5500 youth with initial investment ranging from Rs 100 crore to Rs 500 crore proved to be immensely successful as far as attracting the investments in Haryana as several prestigious multi-national and national companies expressed their willingness to set up their ventures in the state in the field of food processing, industrial parks, electronics, health care, civil aviation, solar energy, warehousing and skill development. Besides it also generated a lot of hype regarding the proposed Investors' Summit in March 2016.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.