Haryana is an industrial state and has emerged as a base for the knowledge-industry including IT and biotechnology. It is also a leading agricultural state of the country. Many large Indians and multi-national companies have set-up offices in the state because of good infrastructure and proximity to Delhi.
At current prices, the total Gross State Domestic Product (GSDP) of Haryana was about US$ 44.2 billion in 2009-2010. The state‟s GDP grew at a CAGR of 14.9 per cent between 1999-2000 and 2009-2010.
According to the Reserve Bank of India, FDI inflows from April 2000 to May 2010 amounted to US$ 23.7 billion*.
As of March 2010, outstanding investments in the state were at US$ 85.1 billion. The construction sector accounted for the largest share at 60.9 per cent, followed by services (21.3 per cent) and electricity (14.2 per cent). Key projects under execution include an integrated refinery-cum-petrochemical complex of Indian Oil Corporation, a coal based super-critical thermal power project of AravaliPower, two coal-based power projects of Haryana government, a basic telecom-services-project of Tata Teleservices, and an engineering special economic zone (SEZ) project of Raheja SEZs Limited.
Infrastructure investments in Haryana were over US$ 8.4 billion, as of March 2010. Over 76 per cent of the infrastructure investments were in the area of power generation and distribution. About 18 per cent of the investments were in the roads sector, while another 6 per cent were in the railways sector.
The state has taken a number of initiatives for developing industrial infrastructure to achieve consistent economic growth. An industrial model township is coming up at Manesar, near Gurgaon. It is being developed as an automotive and engineering-hub. HSIIDC is the state's premier industrial promotion agency responsible for providing reliable and efficient facilities for entrepreneurs investing in the state.State Presentation (November 2010)
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