World Bank to look into investment opportunities in Haryana

The World bank will look into investment opportunities in Haryana's key infrastructure sectors like smart cities, energy and mass rapid transit systems, an official release said today.
The international financial institution, during a meeting with visiting Haryana's principal secretary of industries Devender Singh, also agreed to examine the scope for technical and financial assistance through Global Infrastructure Fund and International Finance Corporation for a public-private participation project to set up a multi-modal logistics hub.
It also evinced keen interest in deepening the engagement with the state government in the field of cutting down losses in transmission and distribution of power, and in bringing efficiency in demand management.

A Haryana delegation, led by Chief Minister Manohar Lal Khattar, is currently visiting the US and Canada.
Singh apprised World Bank officials of the state Government's plans to set up an integrated multi-modal logistic hub over 1,200 acres as part of the Delhi-Mumbai Industrial Corridor project.
He also briefed them about the proposal to develop Gurgaon, Ambala, Faridabad and Panipat as smart cities, and set up a Mass Rapid Transit System in almost all million plus population cities of the state, the Haryana government's release said.
American Fortune 100 multinational conglomerate Honeywell International said it is actively considering a proposal to expand its operations in Haryana by setting up a research centre in the oil and gas sector during a meeting with Khattar who visited the technology centre of Honeywell Technologies here yesterday.

It provides technology solutions in enterprise-level control and management information systems leading to higher productivity, energy efficiency, safety and security of operations.