Haryana

  • The state is a base for the knowledge industry, including IT and biotechnology which has led to many large Indian and multinational companies have set up offices in the state due to high-quality infrastructure and proximity to Delhi. It has sector-specific policies, particularly for IT and tourism which aims to strengthen small and medium enterprises (SMEs) and encourages quality competitiveness, investment in research and development (R&D) and technology up gradation. The state's natural resources, policy incentives and infrastructure support investments in sectors such as automobiles and auto components, IT/ITeS, textiles, agro-based industries, business tourism and commerce.
Capital | Population Chandigarh | 25.35 million
State GDP & Growth Rate - GDP State GDP is around US$ 6548.2million and the growth rate is approx. 13.80%.
Per capita income The per capita income ranges from US$ 2200 to 2210.
Political Scenario The Government of Haryana also known as the State Government of Haryana is the supreme governing authority of the state. Since 2014, Bharatiya Janata Party (BJP) is the ruling party of the state.
Key Sectors / Industries Automotive, agro-based industry, IT and ITeS, textiles, oil refining, biotechnology and petrochemicals are a few key industries of Haryana.
Emerging markets / opportunities
  • - Large industrial
  • - Tourism
  • - Agriculture
  • Information Technology (IT)
Business Scenario /Government Initiatives
  • The state government has planned to acquire 1,000 acres of land for a dedicated pharma park in the KMP (Kundli–Manesar–Palwal) express global economic corridor. The International Centre for Automotive Technology (ICAT) has been set up as a part of the National Automotive Testing and R&D Infrastructure
  • Project (NATRiP), it provides testing and R&D services to the industry. The state government has proposed a sliding railway and logistics centre in IMT Manesar for smoother transportation and more effective inventory management. The state government has extended various incentives to companies within the sector, including relaxation in floor area ratio, rebate on registration, transfer of property charges and exemption under the Haryana Shop & Commercial Act
  • Haryana, due to its steadily growing economy, is considered to be one of the richest states in India. It can be a very lucrative place for investment purposes.
  • In 2006, Haryana’s per capita income was approximately US$ 862.90, which was significantly higher than the national per capita income average of approximately US$ 573.10.
  • Haryana also has a sound infrastructural and industrial base, offering first-class locations to the entrepreneurs for putting up their industrial units.
  • Haryana’s tertiary sector has developed rapidly and is driven by the growth in different sectors, such as IT and ITES. The growth of its secondary sectors is impelled by manufacturing in sub-sectors, which includes auto components, light engineering, automobiles, and textiles. Dairy farming and production are the two sectors that contribute significantly towards the state’s economy.
  • Due to all these reasons, Haryana is fast becoming the top choice of national and foreign investors alike.
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