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Haryana Gears Up for Global Manufacturing Powerhouse Status
15 Feb
Summary
- Haryana aims to become a global manufacturing hub with new policies.
- The state boasts strong economic fundamentals and a young workforce.
- Strategic location near NCR and improved connectivity are key advantages.
Haryana is implementing a forward-looking policy to position itself as a global manufacturing hub. Titled 'Make in Haryana for the World,' this initiative aims to attract significant investments by offering capital subsidies and tailored sectoral packages.
The state's economic foundation is strong, evidenced by a $79 billion GSDP and consistent 6.8% annual growth. Despite its small share of national land and population, Haryana contributes substantially to GST collections, indicating industrial strength.
Haryana's strategic location within the National Capital Region (NCR) provides excellent connectivity. Proximity to NCR markets and major infrastructure projects like the Delhi-Mumbai Expressway enhance logistical efficiency.
Furthermore, the state offers seamless access to global markets with three international airports within a 300-kilometer radius. Over 40,000 hectares of industrial land are developed, hosting diverse sectors from automotive to pharmaceuticals.
The policy focuses on reducing investor friction, allowing businesses to concentrate on production and innovation. Haryana seeks to solidify its competitive position through macro fundamentals, geography, and proactive governance.
