Haryana to use ‘Swiss Challenge’ model to auction 3,000 acre land

By | December 12, 2016

Haryana government has decided to adopt Swiss Challenge method for auctioning 3,000 acres of land for a $10 billion industrial park proposed by the Chinese Wanda group.

Swiss Challenge method is a new process of giving contracts. Any person with credentials can submit a development proposal to the government. That proposal will be made online and a second person can give suggestions to improve it and beat that proposal.

The park is likely to come up near Kharkhoda along the Kundli-Manesar-Palwal (KMP) expressway where 3,000 acres is currently available with the Haryana State Industrial & Infrastructure Development Corporation (HSIIDC).
Under the plan, the Wanda group, one of China’s biggest real estate developers, will develop an industrial park as well as an entertainment theme park, officials said,

Source: Indian Express