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Investment Opportunities and Incentives
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Investment Opportunities and Incentives National Level Investment
Investment Opportunities and Incentives State Level Investment
   
 
Investment Opportunities and Incentives
Haryana:
Investment Opportunities
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Haryana is fast emerging as one of the most favoured investment destinations in India. The globalisation of markets and a buoyant economy have given a tremendous impetus to the industrial sector in Haryana, which already has a competitive advantage in terms of strategic location, basic infrastructure as well as large skilled, educated and young workforce. Besides, the State has investor-friendly policy environment. However, Haryana is basically an agrarian economy, producing variety of food and cash crops, along with dairy products and fisheries. In addition, there are several places of tourist interests in the State.

Agriculture

Agriculture is the mainstay of more than 75 per cent population in Haryana, with contribution of 28.2 per cent in GDP of the State. Rice, wheat, jowar, bajra , maize, barley and pulses are the major crops of the State. Under the diversification of crops, more and more area is being brought under cash crops like sugarcane, cotton, oilseeds, etc. New crops like castor, groundnut, soyabean and horticulture crops (vegetables and fruits) are also being encouraged. Efforts are being made to encourage intensive and extensive farming in the State. Sustainable agriculture is being promoted through the propagation of resource conserving technologies and organic farming.

Besides, Haryana is called the land of milk, with having one of the highest production of dairy products in the country. Haryana also ranks second in fish productivity in India. Rivers, canals and drains are the main sources for capturing fisheries in Haryana.

Information Technology (IT)

Information Technology (IT) has been recognised as one of the priority sectors in the economy. Accordingly, the State Government has formulated an IT policy which provides several incentives for IT and ITES/BPO Industry. It has also recently announced a policy for Technology Parks, which gives considerable flexibility for setting up Technology Parks and IT Corridors. All such efforts aim to promote convergence of Information Technology with frontier technologies like Nano Technology, Bio Technology, Mobile Computing and Robotics, etc. Further, Gurgaon has been developed as a preferred investment destination for both IT and ITES/BPO companies. Over the years, it has become the home of the corporate world in India. The State Government is planning to set up Hi-Tech Habitat Centre in the Electronic City, Gurgaon for IT/ITES/BPO companies, which would provide world-class facilities. Besides Gurgaon, the Government also intends to develop other areas in NCR region, such as those falling alongside Kundli-Manesar-Palwal Express Highway and Faridabad, as satellites of Gurgaon-Manesar Mega IT Hub.

The State of Haryana is an aspiring leader in E-Governance, as per the E-Governance readiness index of the country. Haryana not only aspires to attain leadership position, but also is going ahead with e-Governance initiatives by establishing State Wide Area Network (SWAN). The SWAN is being set up connecting the State Headquarters and District Headquarters (HQs) as well as all Block HQs to respective District HQs. It also envisages village connectivity through wireless. This shall enable transparency, efficiency and accountable governance, providing several opportunities and access to the citizens-centric services.

Moreover, E-Disha, a single point multi-service delivery system for providing citizen-centric services has been launched in 5 districts and is being launched in other districts of the State. Also, the Local Area Networks (LAN) have been established at major buildings and number of departments at State and District level.

Industries

Haryana has a large industrial base having more than 1,271 large and medium and 80,000 small scale units in the State. Haryana is the largest producer of passenger cars, tractors, motorcycles, bicycles, refrigerators, scientific instruments, etc. The most important industries in the State are the automotive industry as well as handloom, hosiery, textile and garments manufacturing industry. IMT Manesar is fast coming up as a prominent cluster of automobiles and auto components. Growth center, Bawal is another area where a number of projects for the manufacturing of auto components are in the pipeline. The State Government has been making all efforts for establishing National Automotive Testing, Research and Development infrastructure Project in Haryana with assistance from Government of India.

International Trade and Conventional centers are being set up at Panipat to promote handloom products and at Gurgaon for promotion of garments. Panipat handlooms and carpets are known all over the world. However, new investments in textile sector particularly the readymade garment is coming up in the State. Besides, the Government is developing industrial model township at Faridabad, Rohtak and Jagadhari. Many proposals for setting up new industrial estates at different locations particularly in Ambala, Saha, Yamuna Nagar, Barwala, Karnal, Rohtak and Kaithal are under consideration with the State Government. There is a great demand from industries for allotment of industrial land in the industrial estates developed by the HSIIDC and HUDA.

Tourism

Haryana offers excellent investment opportunities in the tourism sector. It has a network of around 44 tourist complexes in the State. Some of them are:- Blue Jay (Samalkha), Skylark (Panipat), Chakravarty Lake and Oasis (Uchana), Parakeet (Pipli), Kingfisher (Ambala), Magpie (Faridabad), Dabchick (Hodel), Shama (Gurgaon), Jungle Babbler (Dharuhere), Gauriyya (Bahadurgarh), Myna (Rohtak), Blue Bird (Hisar), Red Bishop (Panchkula) and Pinjore Gardens (Pinjore). Surajkund and Badkhal Lake near Delhi; Sultanpur bird sanctuary (Sultanpur, Gurgaon); Damdama in Gurgaon and fascinating pocket of pines at Morni Hills are other attractions of tourist interest. The Surajkund Crafts Mela of international fame is held every year in the month of February.

The Government of Haryana has also identified a number of new sites for creation of tourism spot. It has been undertaking several new projects, in joint venture/collaboration with private sector, in the following areas:- setting up of hotels/motels; health resort/spa and beauty parlours; amusement parks including water rides; multiplex complexes; golf courses; shopping arcades; etc.

Project Profiles

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Haryana Tourism
Haryana Industrial Promotion Act
Department of Electronics and Information Technology, Haryana
Fisheries Department, Haryana
Haryana Khadi and Village Industries Board
Small Industries Service Institute, Karnal
 
 
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