Khattar inks 6 MoUs with UK companies

CHANDIGARH: Haryana chief minister Manohar Lal Khattar, who is leading a high-level delegation to the UK, on Saturday signed six memorandums of understanding (MoUs) with different companies in London.

An official release stated that the MoU with UK India Global Business Ltd (UKIGB) has sought to promote development of smart-technology infrastructure, especially focused on aerospace and defence companies. It will include investments, transfer of technology, support services and establishing UK, European companies, it added.

The chief minister signed an MoU with Pontaq, a UK-India innovation fund, focusing on Fintech, smart cities and emerging technologies. Under this MoU, the Haryana government will 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 Ltd, under which Xelba will provide intellectual property, knowledge, hardware and software tools to deploy such project, along with the creation of an innovation centre in Gurugram. Another MoU was inked with Relmatech Ltd, a leading provider of remote ID and tracking systems for unmanned aircraft systems and drones. Under the MoU with GoodBox, the company will offshore a multitude of functions, including both manufacturing and services. Khattar also signed an MoU with ZapGo Ltd, developer of a new generation of fast-charging energy storage devices.