subject: Investment In Haryana State, India [print this page] Indias rise as a haven for the investment has brought about growth and development for numerous states of the country. The Real Estate Boom has seen states like Karnataka, Gujarat, Punjab and Haryana get transformed into powerhouses of the Indian economy. Talking about Haryana, it is one of the Indian states with a formidable presence in the countrys statistics in the agricultural as well as industrial field. With 70% of the population engaged in farming producing crops like wheat and rice, Haryana has major industrial centers in cities like Gurgaon and Faridabad as well and has emerged as a popular choice for the investors.
Haryana: Stats Speak
Haryana enjoys a prominent position among the Indian states with the following statistics following substance to this statement:
Ranks third among the industrialized states in per capita value addition
Ranks sixth in the IEM register
Ranks first in the implementation of the IEM
Ranks fourth in the infrastructure index of CMIE
One of the major contributors to the food stock of the country
Provider of 50% of motorbikes for the country
The Haryana Industrial Promotion Act of 2006 passed by the State Government of Haryana framed certain rules for the various industrial sectors as far as investment was concerned. As per the rules, a composite application form was introduced that was aimed at promoting industrial investment. This provided single point and time bound clearances that were needed for the establishment as well as functioning of the companies in various cities of the state like Faridabad.
The Haryana State Industrial and Infrastructure Development Limited (HSIIDC) is an organization aiming at increasing the investment in the state. Through regular meetings, workshops and business contact programs, the HSIIDC provides term loan assistance as well as financial and service information. Many business organizations and entrepreneurs seek financial assistance from the HSIIDC for their projects. Added to that, the State Government of Haryana has taken special steps to boost the investment in the Sugar Industry and has re-assessed the prices of the sugarcane so as to provide benefits to the farmers and justify the status of the importance given to the Sugar Industry.
