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Home Chandigarh

Haryana takes a big leap forward in industrial sector, becoming a favourite destination for foreign investors

admin by admin
December 18, 2022
in Chandigarh, Haryana
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IEP Chandigarh, December 17

Haryana, under the dynamic leadership of Chief Minister Sh. Manohar Lal has brought about a  big transformation in the industrial sector. 

In the last 8 years, on the one hand, while more than 1. 59 lakh industrial units  have been set up in the State with an investment of Rs 18,422 crore, at the same time, direct and indirect employment has been provided to lakhs of people in the state. 

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Not only this, but the Manohar Lal-led government has also accelerated the exercise of developing many new industrial cities along with the Kundli-Manesar-Palwal Expressway with a special focus on developing road, rail, and air infrastructure.

Geographically, Haryana has been the first choice of investors from India and abroad. After Kundli-Manesar-Palwal(KMP) Expressway, the construction work of the Palwal-Sonipat double line Haryana Orbital Rail Corridor at a cost of Rs 5618 crore has started and now because of the investor-friendly policies of the Manohar Lal led Government, traders from Delhi are also eager to shift their business base to Haryana.

Along with the KMP, the work of preparing a blueprint for setting up 5 new cities as per the concept of the Panchagram scheme is going on, in view of the potential population of the year 2041.

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The settlement of these new cities will not only reduce the population density in Delhi but the industrial sector of Delhi will also shift to these cities. In the last 8 years, special focus has been laid on developing the road, rail and air infrastructure in Haryana.

Today at least 3 or 4 national highways pass through every district of Haryana. It is a known fact that good road, rail and air connectivity play a significant role in setting up the industrial sector, while in the last 8 years, the ‘Manohar Sarkar’ has ensured all these factors in a bid to woo investment in the state.  In a bid to further strengthen Air connectivity work is being expedited in developing Hisar airport under the UDAN scheme and in the coming time, it will be developed as a hub of aviation and MRO.

Haryana’s giant leap to woo foreign and domestic investment

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In the last 8 years, the Chief Minister has made sure to turn the wheel of Haryana’s development at a fast pace. The State has not only emerged as the leading state of the country in terms of development but has also become a role model for many states. To encourage economic development and increase livelihood opportunities, the government has implemented the new Haryana Enterprises and Employment Policy 2020, with a target of creating 5 lakh new employment opportunities and investment of Rs 1 lakh crore and exports of Rs 2 lakh crore. Apart from this, sectoral policies were also formulated for important sectors like warehousing and logistics, textile, pharmaceuticals and agriculture and food processing.

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The progress of Haryana’s industrial development can be seen from the fact that there has been a significant increase in the export graph of the state. In the year 2014, Haryana’s exports were Rs 69,000 crore, which increased to Rs 2.17 lakh crore during the financial year 2021-22. This includes merchandise and service exports. Now the state government has also notified the Haryana Electric Vehicle Policy – 2022 to promote the manufacture and use of electric vehicles in the state.

Haryana has set several mega projects, thus, wooing foreign direct investment of Rs 20,971 crore

The dedicated efforts made by Sh. Manohar Lal’s to woo foreign investment by holding frequent meetings with multinational companies and inviting them to invest in mega projects in the state has borne fruits as during the financial year 2021-22, Haryana has received a foreign direct investment of Rs 20,971 crore with a sharp increase of about 67 percent.

Flipkart Group is setting up Asia’s largest fulfillment centre at Patli Hajipur, Manesar on 140 acres of land with an area of 3 million square kilometres. An investment of Rs 1389 crore is being made in this project, due to which more than 16,000 employment opportunities will be generated. In addition, Maruti Suzuki is also setting up an Ultra Mega Auto Industry Project on 800 acres of land at IMT Kharkhoda with an investment of Rs 18,000 crore in Sonipat.

The State Government has allotted 100 acres of land to M/s Suzuki Motorcycle at IMT Kharkhoda, which is likely to attract an investment of Rs 2000 crore. M/s Aditya Birla Group has been allotted 70 acres of land in an industrial estate at Panipat for a paint manufacturing plant. An investment of Rs 1140 crore is being made in the state of Haryana through this project. M/s Amperex Technologies Limited has been allotted 178 acres of land at IMT Sohna in Gurugram. This project will bring an investment of Rs 7083 crore in the state, which will create more than 7000 employment opportunities. Not only this, many big investors like Enrich Agro, Panasonic India, Kandhari Beverages, and Aarti Green Tech are also keen to do business in Haryana.

Traders of Delhi’s wholesale market, Azadpur vegetable market and spice market are looking for opportunities in Haryana

After the commissioning of KMP in Haryana, work is underway on an ambitious plan to develop 5 new cities under the new concept of Panchagram on both sides of it. Due to this project, the traders of Delhi have started exploring the possibility of increasing their business in Haryana, which mainly includes the wholesale market, Azadpur vegetable market and traders related to the spice business.

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For this, various business associations of Delhi have met the Chief Minister, Sh. Manohar Lal, several times and the Chief Minister has assured that the government will help them in every way to facilitate business.

Today, Haryana has touched new heights in the Ease of Doing Business and Ease of Living Index. Because of this, every investor from the country and abroad wants to invest in Haryana. More than 400 Fortune companies of the world have already established their business in Gurugram itself.

Due to the efforts of the Chief Minister, on one hand, entrepreneurs are not only getting a favourable environment in Haryana, but the State has also become the first choice of businessmen because of the availability of facilities related to business under one roof.

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