Wanda aims to build $10b Indian city

The Chinese company has agreed with Haryana state to build a 13 square kilometre industrial project, with joint-oversight.

Dalian Wanda Group has agreed to spend $10 billion to build an industrial city in Haryana state in northern India, adding to the conglomerate's growing list of outbound projects as it presses on with diversifying its revenues.

In a press release on Friday, Dalian Wanda said that in a memorandum of understanding signed with the Haryana state government it committed to develop a “world-class comprehensive industrial park dubbed Wanda Industrial New City.

The project is designed to cater to the needs of multiple industries, including software, automotive manufacturing, machinery, healthcare, and education, and will be built on a 13 square-kilometre site in the Delhi-Mumbai industrial corridor,...

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