Chandigarh, June 24:
State-run Indian Oil Corporation Ltd. would set up a research and development project in Faridabad with an initial investment of Rs.300 crore, an official said.
The investment would be increased to Rs.900 crore by 2019.
The proposal of Indian Oil Corporation has been approved by the higher level plot allotment committee constituted by Haryana, state Industries Minister Abhimanyu said in a statement. (IANS)