YKK launches new slider factory in Haryana

Chandigarh, Sep 4 (UNI) Mr Tadahiro Yoshida, the President and Chief Executive Officer of the YKK Corporation, Japan, today laid the foundation stone of the Corporation's new slider unit at Bawal in Rewari district of Haryana.

Mr Yoshida said the company is setting up this second plant with an investment of Rs 366 crore and it will be commissioned by March 2009.

After establishing its first plant in 1997, the YKK India had made second expansion in 2001 and third one in 2006.

This new slider factory is a kind of fourth expansion at Bawal, he added.

Mr Yoshida appreciated industrial development of Haryana which has become a global platform for the multinational companies.

''Under the leadership of Chief Minister Bhupinder Singh Hooda, Haryana has touched new heights of industrial growth and has become a global platform for the multinational companies,'' Mr Yoshida said while speaking at a function after laying the foundation stone of the Corporation's new unit at Bawal in Rewari district.

Mr Hooda also inaugurated the Clean Development Mechanism Project by at Haryana State Industrial and Infrastructure Development Corporations's (HSIIDC) complex at Bawal.

Mr Yoshida said Mr Hooda's dedicated efforts and contribution has put Haryana on the global arena.

''The policies and initiatives taken by the present government in Haryana in the new industrial policy and coordinated development of infrastructure encouraged us and many other multi-national companies to invest and expand their units in the state,'' added Mr Tadahiro Yoshida.

Mr Hooda said Japan is 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 in Haryana which have Japanese collaboration.'' He said a number of Japanese companies are located in and around Gurgaon, which was emerging as the second corporate capital of the country.

He said the state has 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.

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