Haryana is a leading state in the country on both the industrial and agricultural front. Haryana is one of the leading states in terms of industrial production, especially passenger cars, two-wheelers, mobile cranes and tractors. Haryana is the second-largest contributor of food grains to India’s central pool and accounts for more than 60 per cent of the export of Basmati rice in the country, third-largest exporter of software and one of the preferred destinations for IT/ITeS facilities.
Between 2004-05 and 2015-16, the state’s gross state domestic product (GSDP) expanded at a compound annual growth rate (CAGR) of 12.12 per cent to US$ 75.3 billion and net state domestic product (NSDP) expanded at a CAGR of 11.75 per cent to US$ 71.6 billion.
Haryana is a preferred destination for auto majors and auto-component manufacturers. The state is host to many large automotive players. The state produces two-thirds of passenger cars, 50 per cent of tractors, 60 per cent of motorcycles and 50 per cent of the refrigerators manufactured in the country.
The state has invested in the development of world class infrastructure facilities such as special economic zones (SEZs), Kundli-Manesar-Palwal (KMP) global corridor and Delhi- Mumbai Industrial Corridor (DMIC). Haryana enjoys a locational advantage, with nearly one-third of the state’s area under the National Capital Region (NCR), a prominent trade and consumption centre.
The state offers a wide range of fiscal and policy incentives for businesses under the Industrial and Investment Policy, 2011. Moreover, it has sector-specific policies, particularly for IT and tourism. The Haryana State Industrial and Infrastructure Development Corporation Ltd (HSIIDC) is the state's premier industrial promotion and investment facilitation agency, responsible for providing reliable and efficient facilities for entrepreneurs investing in the state.
The state has taken a number of steps for developing industrial infrastructure to achieve consistent economic growth. The following are some of the initiatives: