Haryana unveils manufacturing mega push

New Delhi: Haryana is set to sharpen its industrial edge with a forward-looking framework designed to position the state as a global manufacturing hub. The policy promises capital subsidies, employment-linked incentives and tailor-made sectoral packages aimed at boosting competitiveness across industries.Framed as Make in Haryana for the World, the initiative reflects the state's intent to move beyond incremental growth and actively court large-scale investments in manufacturing, logistics and sunrise sectors.Amit Agarwal, Haryana's industries and commerce secretary, outlined how the new policy fits into a broader economic strategy anchored in scale, productivity, and prosperity at the summit.Haryana's economic fundamentals already provide a strong foundation, he said. With a gross state domestic product (GSDP) of $79 billion in real terms and an average annual real GDP growth of 6.8%, the state has demonstrated consistent performance. Despite accounting for just 1.3% of India's land and 2.1% of its population, Haryana contributes 7.1% of the country's GST collections-an indicator of both industrial depth and formal economic activity.The state's per capita income is 70% higher than the national average, reflecting strong consumption demand. Additionally, 65% of Haryana's population falls within the working-age bracket, giving it a structurally strong demographic profile that supports sustained economic expansion.Location remains one of Haryana's decisive advantages. Situated at the heart of the National Capital Region (NCR), the state ensures that all its districts are connected via national highways or expressways and are within roughly three hours of NCR markets. Major infrastructure projects-including the Delhi-Mumbai Expressway, two dedicated freight corridors, the Rapid Rail Transit System and the Haryana Orbital Rail Corridor-further enhance connectivity.The entire state lies within 300 kilometres of three international airports--Indira Gandhi International Airport, Chandigarh International Airport and Noida International Airport--giving exporters seamless access to global markets.On the industrial infrastructure front, Haryana has developed more than 40,000 hectares of industrial land, hosting clusters across automotive, textiles, engineering, agro processing, pharmaceuticals and emerging sectors. The state's incentive-driven regime, Agarwal noted, is designed to reduce friction and accelerate decision-making.The broader philosophy, he emphasised, is simple: investors should focus on production, innovation, and job creation, not paperwork. By combining strong macro fundamentals, strategic geography, and a proactive policy regime, Haryana aims to consolidate its position as one of India's most competitive sub-national manufacturing economies.

from Economic Times https://ift.tt/BsJZRqz