Giving a strong thrust to Prime Minister Narendra Modi’s Make in India initiative and coinciding with his visit to China, a Chinese delegation comprising around 50 Chinese Investment and Manufacturing companies, visited Omaxe Connaught Place, Greater Noida on Friday. Omaxe will develop the leased 2 lakh sq. ft. as “Dragon Mart” for Chinese companies that will open and run retail outlets, offices, representative offices, exhibition centres and other such facilities.
A first-of-its-kind concept in India, Dragon Mart will be a hub of Chinese manufacturers and retailers exploring and selling their products on both B2B and B2C platform. It will also open avenues for India manufacturers and suppliers to access their products and services. This will also help bridge the growing distrust in Chinese products that face the challenge of quality, after-sales service and warranty. The setting up of Chinese units in India will give a big boost to employment in the country. The delegation also committed to invest around $1 billion in India in various sectors in the next 5 years.
Giant Centre is a part of Floret International Ventures Ltd. Floret is a leading international Trade Consultant and service provider company in the specialised market of China and India.
Omaxe Connaught Place, Greater Noida spread over 1.9 million sq. Ft., is slated to be one of India’s largest indoor theme park based shopping centres with options for retail, offices and hotels. It has 24 star attractions which Include Land of Dinosaurs, The Secret Chambers of Taj, Jungle of Amazon, Chocolate Factory, Miniature world, The Unsinkable Titanic, Treasure of Boy King Tutankhamun, Transformers, ChotaBheem, Carousal, Toy Train to name a few. Over 50% retail area has already been leased out to many national and international brands and by Diwali-2015, OCP will open its doors to public.
INOX has signed up to operate a 5-screen multiplex, while Kwality Group has signed up a 25,000 sq. ft. area to operate a food court. Bharti Retail’s Easyday is to operate a hypermarket, and vanilla tenants include Madura, Arvind and SSIPL, among others.
Mohit Goel, CEO, Omaxe limited said: “Prime Minister Narendra Modi’s “Make in India” initiative has generated huge excitement amongst foreign companies willing to tap the high-potential Indian market. Several companies have committed huge investment in India that will go on to generate employment and herald the country’s image as a manufacturing destination. We are very excited with this association and shall create a never-seen-before Dragon Mart for Chinese companies. We also expect the Indo-China trade to grow further and hope more Chinese companies invest in India in manufacturing sector.”