The list also includes real estate and construction companies such as Dalian Wanda Group, which is in talks with the Haryana government for several realty projects with each planning to invest close to $5 billion. There are SAIC , which is in talks with GM to take over the Halol plant, Lifan Motors and Fosun Pharma. In number terms, India tops the list with over 70 projects as government pursues largely middle-rung companies. Over $3 billion investment has been tied up and around three lakh jobs likely to be created once they go on stream.Over the past few months, the department of industrial policy and promotion has been pursing investors with over 150 companies initially identified to seek investments. While a lot of the companies that are being targeted have little or no presence in the country, several companies such as Cisco and H&M are being pursued to ensure that they expand India footprint.

Source: Economic Times March 08, 2017 03:45 UTC