Haryana signs deal with UK firm for Smart Cities

By Accommodation Times Bureau


The Chief Minister, Manohar Lal, who is leading a high-level delegation to the UK signed as many as six MoUs with different companies in London, today.

The MoUs would facilitate investments in Haryana in diverse fields, including fintech, smart cities, emerging technologies, transfer of advanced technology and setting up of an IoT Innovation Centre in Gurugram.

The MoU with UK India Global Business Limited (UKIGB) seeks to promote the development of smart technology infrastructure (STD), especially focused on aerospace and defense companies. It would include investments, transfer of technology, support services and establishing UK/European companies.

Under the MoU, the two parties have agreed to develop strong institutional, trade and business relations between Haryana Government and UKIGB in order to establish a sustainable smart technology infrastructure to host foreign companies.

The Chief Minister signed a MoU with Pontaq, a UK India Innovation Fund, focussing on Fintech, Smart Cities and Emerging Technologies. Under this MoU, the Haryana Government would provide necessary grants, subsidies, tax breaks and infrastructure to the portfolio companies of Pontaq aiming to set up their operation in Haryana.

He also signed an MoU with Xelba Limited, Relmatech Limited, GoodBox and ZapGo Limited.


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