Chandigarh, Oct. 14 -- Haryana's industries minister Rao Narbir Singh on Monday said the state government was planning to develop one Industrial Model Township (IMT) in collaboration with Japanese companies. The industries minister, who was a part of the chief minister Nayab Singh Saini-led delegation to Japan to explore avenues of investment, said out of the total 10 proposed IMTs, five have already been approved. Singh, who had more engagements and returned from Japan after Saini, said the government was amending its industrial policy in order to develop one of these IMTs in collaboration with Japanese companies. He said there was a plan to promote electric vehicles worth up to Rs.40 lakh in the IMT, adding that the industrial policy will not only benefit the middle class but also focus on the expansion of green energy. The industries minister said during the Japan visit, 10 memoranda of understanding were signed with major companies involving Rs.5,000-crore investment. Singh said the companies in Japan honour their promises with utmost sincerity and complete them within the stipulated time frame.HTC...