Y KK Corporation will set up its second plant in the Haryana with an investment of Rs 366 crore. The plant will be commissioned by March 2009.
Haryana’s industrial development and the leadership of Chief Minister Bhupinder Singh Hooda received appreciation from the President and Chief Executive Officer of YKK Corporation, Japan, Tadahiro Yoshida. Haryana has touched new heights of industrial growth and has provided a global platform for the multinational companies.
Yoshida was speaking at a function after laying the foundation stone of the corporation’s new unit and inauguration of Clean Development Mechanism Project by the chief minister at the Haryana State Industrial and Infrastructure Development Corporations’s (HSIIDC) complex at Bawal in the Rewari district.
Yoshida also said that the company was setting up this second plant with an investment of Rs 366 crore and it would be commissioned by March 2009. After establishing its first plant in 1997, theYKK India had made second expansion in 2001 and third one in 2006, this new slider factory was the fourth expansion at Bawal, he added.
The Haryana Chief Minister, Bhupinder Singh Hooda, said that Japan was the fourth largest investor in India and Haryana accounts for about 70 per cent of the total Japanese investment in India.
“There are about 65 companies operating in Haryana with Japanese collaboration,” he said and added that a number of Japanese companies were located in and around Gurgaon, which is emerging as the second Corporate Capital of the country.
Hooda said that during the three-and-a-half year term of his government, the state has witnessed an unprecedented flow of investment and has become number one state in per capita investment.
More From This Section
He added that the state had received concrete proposals for investment to the tune of Rs 40,000 crore and an additional investment of Rs 77,000 crore was in the pipeline.
“During the last one year or so, HSIIDC has allotted 581 acres of land in Bawal with capital investment of about Rs 5,284 crore,” he said adding that the growth centre at Bawal has now emerged as a preferred destination for the domestic and multinational companies because of its quality infrastructure.
YKK India has established social development and vocational centre for the skill development of girls from the adjoining villages.