The Haryana government has finalized a Memorandum of Understanding with the government of Dubai, the governing authority of the Emirate of Dubai, for cooperation in various economic activities.
These activities include promotion and land development, including but not limited to real estate development, industrial parks, IT parks, multi-purpose towers, mixed use townships, innovation centres and projects related to Logistics in Haryana, the State Government said in a statement on Friday.
Under the terms of the MoU finalized earlier this week, the Government of Dubai will identify a suitable entity to assist with identifying the potential areas of collaboration assessing the viability of projects and finalisation of definitive agreements and support the state government in identifying potential investors based in UAE.
The MoU is expected to boost investment in Haryana and strengthen the Bonds of economic and cultural ties between Dubai and Haryana, it said.
Haryana with strategic locational advantage, robust industrial Infrastructure, strong connectivity, robust policy frameworks and large pool of skilled manpower has emerged as one of India’s most industrialized states, it said.