China's Dalian Wanda to develop $10 billion industrial park in India

Chinese conglomerate Dalian Wanda Group said on Friday it would develop a $10 billion industrial park in northern India, its first project in the country.

The company owned by China's richest man Wang Jianlin said it would be the lead investor in the project's initial infrastructure and also ask Chinese firms to take part.

Construction on the first phase of the 13 square km park in Haryana state is due to start this year, the company said.

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by FT News (see full article)