Investing in Haryana

Haryana, due to its steadily growing economy, is considered to be one of the richest states in India. It can be a very lucrative place for investment purposes. Its economic progress can be gauged by per capita income, where Haryana stands in third place compared to all other states in India. In 2006, Haryana's per capita income was approximately US$ 862.90, which was significantly higher than the national per capita income average of approximately US$ 573.10.


Haryana has the most Special Economic Zones (SEZs) in the country. Out of these SEZs, 8 are notified, 29 have acquired formal approval, and 28 have obtained in-principal approvals. Besides, Haryana was the first state in India to have introduced Value Added Tax in 2003.


In 2006–07, Haryana registered an astounding GDP growth of approximately US$ 30.11 billion. Haryana's tertiary sector has developed rapidly and is driven by the growth in different sectors, such as IT and ITES.  The growth of its secondary sectors is impelled by manufacturing in sub-sectors, which includes auto components, light engineering, automobiles, and textiles.


Dairy farming and production are the two sectors that contribute significantly towards the state's economy. Yakult-Danone and GlaxoSmithkline venture are the key players in agro-processing. Haryana offers great opportunities for property development, agro-based industries, and retailing.


Chandigarh, the capital city of Haryana, is considered to be the first well-planned city in the entire country and boasts top-notch civic amenities. Chandigarh is a hub for business and commercial activities. Besides, Haryana's proximity with Delhi, the largest commercial center in northern India, furnishes various investment opportunities in different sectors of the state economy.


Due to its strategic location, Haryana is considered to be a very business-friendly state. Its prominent cities include Gurgaon, Rohtak, Panipat, Faridabad, and Sonepat, and each of them have a special potential for socio-economic development. Prominent export items of Haryana include scientific instruments, software, garments, handloom products, electrical appliances, automobiles, and automotive components. Haryana is also an agriculturally rich state with an abundance of land and water resources.


Some more features that make Haryana an investor-friendly destination include:


  • Highest per capita income in the country
  • Excellent law and order situation
  • Reliable power and communication networks
  • Large manufacturing capabilities and market base
  • Hardworking, educated, and skilled workforce
  • Efficient banking and financing services
  • Well developed industrial estates
  • Simplified, investor-friendly, and transparent investment procedures
  • Responsive and supportive administrative setup
  • Strong presence of the private sector
  • Home to modern educational and technical institutions
  • Excellent physical infrastructure of roads, railways, and airways


Haryana also has a sound infrastructural and industrial base, offering first-class locations to the entrepreneurs for putting up their industrial units.


The Haryana government also offers a well-balanced package of schemes and incentives to attract the investors. When it comes to diversification of the agricultural and industrial bases, the Haryana government places special emphasis on the planned development of infrastructural services and improvement in the standards of life of the people living in the state.


The government of Haryana has taken up the charge of implementing numerous infrastructural projects to encourage capital flow in the state and boost the productivity levels of different sectors of the economy.


Due to all these reasons, Haryana is fast becoming the top choice of national and foreign investors alike.

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