Boost to Industry
The state has been able to attract sizable investment from multinational companies, large business houses, foreign investors, non-residents Indian and Small scale entrepreneurs. Haryana is an investor friendly State and offers a rich reservoir of skilled, motivated and relatively low-cost manpower with a good infrastructure and harmonious industrial relations. A Lilliput in size but a giant in attainment, with just 1.37 percent of the country’s geographical area and 1.97 percent of the country’s total population, the state is proud of being one of the first few States with the highest per capita income in the country.
Haryana currently produces two third of passenger cars, fifty percent of tractors, sixty percent of motor cycles and fifty percent of refrigerators manufactured in the country. About twenty-five per cent of India’s Total production of Sanitary-ware is from Haryana. One out of every four bicycles in the Country is manufactured here. The number of large and medium units in the State has increased from 162 in 1966 to 1212 today with a capital investment of Rs.225 billion while employing 2 lakhs persons and producing goods worth Rs.12800 crores.
The State has already 857 projects with foreign technical collaboration. To mention only a few Maruti Udyog Limited, Hero Honda, Modi Alcatel, Escorts, Sony India, VXL India, whirlpool Industries, Wipro Ltd., Perfitti India, DCM, Benetton, TDT Copper Ltd., Asahi India Safety Glass Etc. Some Major Units in the public sector are HMT Ltd., National Fertilizer Ltd., Indian Drugs & Pharmaceutical Ltd., Bharat Electronics Ltd. IBPL etc. The Latest addition to this group is the Rs.4200 crore Oil refinery set up by Indian Oil Corporation in Panipat district.
The growth of small industries in the State has also been phenomenal. Their number has increased from 4500 in 1966 to 80,000 today. They are producing good worth Rs.4500 crores per annum while generating employment for 8.7 lakh persons. Twenty per cent of the country’s total export of scientific instruments, sixty per cent of the demand of ammunition boxes of the country’s defence forces and sixty percent of the total needs of woollen blankets of the Indian Army are met by small units of Haryana. Haryana’s Small Scale Sector also enjoys the reputation of manufacturing the largest number of electrical mixies and gas stoves in the country. Exports from the State has touched more than 200 billion in the year 2004-05. Major export items are Software, Handloom products, Scientific instruments, Garments, Automobiles & Automotive components, Electrical appliances, Rice, Guargum, Pickels etc.
Haryana, offers an excellent location to start any industry. It has a rich industrial base, equipped with incomparable infrastructure. One-third of Haryana falls under the National Capital Region. Panipat, Rohtak, Gurgaon, Faridabad and Sonepat have a special potential for accelerated socio-economic development.