World Bank to explore investment scope in Haryana

  • HT Correspondent, Hindustan Times, Chandigarh
  • Updated: Aug 21, 2015 11:43 IST
Haryana chief minister Manohar Lal Khattar speaking at an interactive session of US-India Business Council held in Washington on Wednesday. (HT Photo)

The World Bank would explore investment opportunities in the fields of multi-modal logistics hubs, energy, smart cities, mass rapid transit systems and other infrastructure projects in Haryana, an official release said on Thursday.

Stating that the international financial institution would also examine the scope for technical and financial assistance through global infrastructure fund (GIF) and international finance corporation (IFC) for a public-private participation project to set up a multi-modal logistics hub, the release also claimed that the global lender evinced keen interest in deepening the engagement with the Haryana government in the field of cutting down losses in transmission and distribution of power and in bringing about efficiency in demand management.

These possibilities emerged at the meeting of senior World Bank officials in Washigton DC on Wednesday with the Haryana delegation, led by chief mnister Manohar Lal Khattar, which is currently visiting US and Canada to bring investment to the state.

Meanwhile, the Honeywell International, an American Fortune 100 multinational conglomerate, also considered a proposal to expand its operations in Haryana by setting up a research centre in the oil and gas sector, the release added.

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