Haryana joins hands with Verbind
The state government of Haryana has signed an MoU with Verbind for a logistics project worth an investment of `20,000 crore. This project shall reap in suitable employment opportunities to around 6 lakh people.
Government of Haryana signed pact with Verbind at the sixth edition of CII Invest North 2017 in Mumbai. The logistics and trading hub will be spread over an area of 600 acres near Gurugram. The publicprivate project is expected to generate employment for six lakhs. The HSIIDC will be the nodal agency to execute the project. Sudhir Rajpal, Principal Secretary, Industries and Commerce, Government of Haryana, said, “Haryana is ranked first among north Indian states in the Ease of Doing Business Index of the Government of India, and sixth in the country. Investor-friendly policies, young population, skilled manpower, highest per capita income, and huge urban market were the key factors driving growth of the state.” Acknowledging the state’s strategic location, he listed proximity to high consumer base of NCR and the passage of two major industrial corridors of Delhi-Mumbai and AmritsarKolkata as main contributors to the growth of the state.
As per the National Council of Applied Economic Research (NCAER) State Investment Potential Index 2017, Haryana is ranked fourth among the Indian states. The state also ranks first in terms of Governance and Political Stability. Speaking about the conducive business environment, Rajpal spoke about the online portal ‘Invest Haryana’ which has more than 65 business services, which are completely online without manual interface, making the application process transparent and clearances faster. Government of Haryana has given more than 2,000 clearances through their online portal in six months. Terming it as ‘Single Roof Solution,’ he said 14 state departments work under one roof to ensure faster clearances.
Incentives galore
The state government also gives multiple incentives that further reduce the cost of doing business in Haryana. Through its Enterprise Promotion Policy, Haryana government offers SGST subsidy of up to 75 per cent for the first five years, stamp duty refund of up to 100 per cent, apart from other incentives under development charges and employment subsidy.
“Haryana is a progressive state – a destination for foreign and domestic investment, and the structural reforms by the state government has led to positivity among investors,” said Shrivallabh Goyal, Director of Model Economic Township (Reliance). Applauding the central government’s EoDB initiative, he said the EoDB model has increased transparency, while adding that reforms such as labour reforms, GST and RERA have made the business climate in Haryana favourable.
On the sidelines of the sessions, the Government of Haryana held B2G meetings with businesses and potential investors. More than two dozen companies, including World Trade Centre, Hinduja Group, IL&FS among others approached the state government team led by Rajpal to explore business opportunities in the state.