HSIIDC, Mizuho Bank sign MOU for Japanese investment

Leading Japanese financial institution Mizuho Bank Limited on Monday signed an MoU with the Haryana government to promote industrial and infrastructure development, generate employment opportunities and attract Foreign Direct Investment (FDI) in Haryana.

The MoU was signed by Mizuho Bank managing executive officer Tatsufumi Sakai and the Haryana State Industrial and Infrastructure Development Corporation's managing director Sudhir Rajpal in the presence of Haryana Chief Minister Manohar Lal Khattar in Tokyo, a government spokesman said in Chandigarh.

Khattar arrived in Tokyo on Monday to seek investment for Haryana.

"Mizuho is a global financial institution with a strong Japanese client base. Mizuho is having business relationship with 70 percent of listed Japanese companies including more than 250 'Fortune 1000' companies," the Haryana government spokesman said.

The HSIIDC and Mizuho have agreed to cooperate and to exchange information, based on the current amicable relationship existing between both parties, to encourage investments from Japan so as to promote industrial and infrastructure development in Haryana, generate employment opportunities and attract FDI.

In another meeting, the Japan International Cooperation Agency (JICA) on Monday said that it has decided to consider a soft loan of over Rs.1,000 crore for Haryana Investment Promotion Programme.

"This was disclosed by Hideaki Domichi, senior vice president of JICA, while interacting with the delegation led by Haryana Chief Minister Manohar Lal Khattar in Tokyo today (Monday)," the spokesman said.

Khattar sought the assistance of JICA in giving big boost to dairy development in Haryana and building of Gurgaon-Manesar-Bawal Mass Rapid Transport System for which JICA has committed long term funding of $2.5 billion.