At the time of its creation in 1966, Haryana was an agrarian state. Today, while the State continues to honour its agricultural roots it is also counted amongst the most industrialized and developed states in India. In the past five years alone, the State GSDP at constant prices has grown from INR 3.7 Lakh Crore (FY 2014-15) to INR 5.72 Lakh Crore (FY 2019-20, Advance Estimates), registering a Compounded Annual Growth Rate (CAGR) of above 9 percent1. In 2019-20, the industrial contribution to GSVA was33 percent and service sector contribution was 51 percent. Further in 2019-20, the industry sector grew at 6.8 percent and the services sector at 8.8 percent versus the national average of 2.5 percent and 6.9 percent respectively. Haryana registered exports worth INR 96,570 Cr. in 2018-19, an annual growth of 12.8 percent2.
Haryana’s industrial ecosystem thrives on the back of a vibrant MSME ecosystem. The major MSME footprint is in the automobile, food & beverages, textiles, engineering and metals sector. The manufacturing MSME spectrum in the state comprises both state-of-the-art medium enterprises (majorly located in Panipat, Faridabad and Gurugram) as well as a large number of traditional micro and small enterprises (majorly located in Panchkula, Ambala, Karnal, Rohtak and Kaithal).
Haryana’s industrial ecosystem thrives on the back of a vibrant MSME ecosystem. The major MSME The vision of the policy is to establish Haryana as a competitive and favoured investment destination, achieve regional development, export diversification and augment livelihood opportunities for its people through resilient economic development. The policy objective is to attract investments of INR 1 lakh crore and generate 5 lakh jobs in the State
In an atmosphere where all states are competing against each other for attracting investments, the role of business facilitation becomes crucial. The Government of Haryana is determined to create an ecosystem in which the Ease of Doing Business in the State matches and even exceeds the best global standards. This policy proposes regulatory reforms in land, labour, power and institutional mechanisms.
