Objectives:
The following key objectives shall be met through the industrial policy:
To reestablish industry as a key driver of economic growth.
To create wealth for the residents of the state and improve the quality of their life.
To generate employment and entrepreneurial opportunities across all sectors of the economy.
To facilitate spatial dispersal of economic activities particularly in economically and socially backward regions of the state.
To ensure sustainable development through investments in key sectors of economy.
Strategy
The State Government intends to realize the objectives of the policy by emphasizing a coordinated development strategy in mission mode approach. While the approach to implementation shall draw upon strengths of the State economy but fundamentals that impinge upon efficient, competitive functioning of enterprises shall be revisited. The strategy shall be:
To develop economic hubs through infrastructural initiatives.
To encourage public private partnership in infrastructure projects.
To focus on economic activities enjoying comparative advantage in the state; in particular development of food processing industry, information communication technology, industry having competitive advantage, and to promote development of frontier technologies.
To promote mega projects with economic spin off potential, particularly in backward regions.
To adopt sector specific approach focusing on incentivising andffnfrastructural support for synergetic growth of key enterprises.
To develop services sector especially in tourism, transport, education, health care services and financial services.
To focus on development and support to the small and medium enterprise segment.
To enhance export competitiveness and enable CAGR (Compounded Annual Growth Rate) of 20%.
To create investor focused approach in administrative processes, bringing about efficiency, transparency and accountability using modern technological and management solutions.
To strengthen grievance redressal mechanism
To adopt human resource development by establishing strategic linkages between industry and technical institutions to meet future manpower requirements.
To continue with fiscal reforms and prudent public finance management to release resources for deployment in key public investment areas.
Infrastructure Development
The State Government recognizes infrastructure as a key facilitator of economic development. The state would adopt an integrated approach to develop industrial & supportive infrastructure and will also encourage private participation in this sector.In the Industrial Policy of 1999 an integrated approach to develop industrial infrastructure was adopted. However, private participation in Infrastructure
Development could not be achieved in the absence of policy guidelines. The present policy will encourage private participation in development of infrastructure on Build and Transfer, Build Operate and Transfer and Build Own Operate and Maintain basis.To facilitate coordinated development of infrastructure and participation of private sector including FDI, the Haryana State Industrial Development Corporation (HSIDC) will be the nodal agency for infrastructure development and would be converted into “Haryana State Industrial and
Infrastructure Development Corporation” (HSIIDC).
