NEW DELHI: Chinese billionaire Wang Jianlin's Dalian Wanda Group has agreed to spearhead a $10-billion project to build an industrial park in India, in what could become one of the biggest development projects in the country, Hindustan Times reported on Saturday.

Wanda Group, China's biggest commercial property developer, signed a preliminary agreement with the state of Haryana to build an industrial zone, the company said.

The first phase of 'Wanda Industrial New City', the construction of which may begin this year, will span 13 sq km and house companies in industries ranging from software to cars and healthcare, it said.

The agreement is the result of talks between Wang, Indian Prime Minister Modi and Haryana chief minister Manohar Lal Khattar that began in June of 2015.

A 'Wanda Cultural Tourism City' and a residential district may also be developed as part of the project.

Earlier this month, Wanda Group agreed to buy Godzilla-producer Legendary Entertainment for $3.5 billion.