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China's Wanda Group boss plans US$10b park project in India

Published Fri, Jan 22, 2016 · 09:50 PM
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Shanghai

BILLIONAIRE Wang Jianlin's Dalian Wanda Group Co agreed to spearhead a US$10 billion project to build an industrial park in India, in what could become one of the biggest development projects in the country.

Wanda Group, China's biggest commercial-property developer, signed a preliminary agreement with the northern Indian state of Haryana to build an industrial zone, the company said in a statement on Friday. The first phase of "Wanda Industrial New City", whose construction may begin this year, will span 13 square kilometres and …

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