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Haryana: August 2012

August, 2012

Haryana is surrounded by Uttar Pradesh in the East, Punjab in the West, Himachal Pradesh in the North and Rajasthan in the South. The state surrounds the national capital city, New Delhi, from three sides. Around 40 per cent of the National Capital Region (NCR) of Delhi falls in Haryana.

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 Indian and multi-national companies have set-up offices in the state because of good infrastructure and proximity to Delhi.

The state has well developed social, physical and industrial infrastructure and virtual connectivity. It is among the states with good physical infrastructure such as power, roads and railways. Haryana has a large base of skilled labour, making it an ideal destination for knowledge-based and manufacturing sectors, in addition to a large pool of semi-skilled and unskilled labour for support services.

Wheat, sugarcane, rice, cotton, rapeseed and mustard are the key agricultural products of the state. The exports from industries of Haryana have increased from US$ 9.2 billion during 2009-10 to US$ 10.6 billion during 2010-11.

The GSDP of the state grew at a compound annual growth rate (CAGR) of 17.7 per cent between 2004-05 and 2010-11. The State has received cumulative foreign direct investment (FDI) inflows worth US$ 1, 068 million (including investments in Chandigarh, Punjab and Himachal Pradesh) during April 2000 to January 2012, according to Department of Industrial Policy & Promotion (DIPP).

Haryana is a preferred destination for auto majors and auto-component manufacturers. Gurgaon has emerged as a preferred destination for the IT Industry in north India. Moreover, the real estate and construction industry has been growing at a rapid pace in Haryana, growth in real estate encompasses activities in the residential, commercial and hospitality space.

The state offers a wide range of fiscal and policy incentives for businesses under the Industrial and Investment Policy, 2011. Additionally, the state has sector-specific policies, particularly, on IT and tourism. Haryana is also aggressively promoting organic farming; financial assistance is provided to farmers for production and use of vermi-compost, besides encouraging the use of greenhouse technology.

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