At at an Investment Promotion Seminar organized at the auditorium of Embassy of India in Tokyo today,Haryana Chief Minister Manohar Lal made an emotional connect with Japanese companies and investors through an engaging interaction with deft switching between Japanese, Hindi and English.
The Chief Minister is in Japan leading an official and business delegation to invite Foreign Direct Investment to the State.
Manohar Lal said that Haryana offers great opportunities for investment in fields of IT/ITES, Agro and Food Processing, Healthcare and Medical Education, Skill Development, Electronics Hardware Manufacturing, Textile and Apparel, Defence and Aerospace, Mass Rapid Transport.Haryana has advantage of its geo-strategic location. The people of Haryana are industrious and focused, and our youth have the zeal, skill and attitude of world beaters. The anticipated national economic revival is an excellent opportunity for investors and entrepreneurs.
The Chief Minister said that it is a matter of pride that Japan has been one of the major investors in Haryana. The investment flow started with the entry of Suzuki in the 1980s which created an entire eco-system of auto ancillaries in Faridabad and Gurgaon. Presence of large multinational companies in Haryana, including Japanese companies like Suzuki, Honda, Panasonic, Aisin, Mitsubishi, Yokohama, Yakult, Musashi, Mitsui, Asahi, YKK, Stanley, Denso, Asti, Kansai, NHK, NTN, Daikin, Showa, Sanden, Koyo to name a few, is a testimony to our progressive industrial policies and the sound infrastructure facilities available to the industrial entrepreneurs. “We have also set up a Japanese Hostel in Gurgaon to provide home like environment for the Japanese visiting India.”
He said that Ministry of Economy, Trade and Industry (METI), Government of Japan and the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India have jointly identified Jhajjar as one of the 12 nodal districts. This has the potential of ushering in a new wave of large scale Japanese investments in this region which is situated in the National Capital Region.
He described Haryana as a land of opportunities and enterprise saying that today, Haryana is counted amongst the most developed and industrialized States in India. Haryana is the leading manufacturer of cranes, excavators, cars, two-wheelers, footwear and scientific instruments. He said that geographically, Haryana is a small state, accounting for just 1.3 per cent of the total area of the country, but it contributes nearly 3.5 per cent to the national economy. Haryana enjoy a great strategic advantage as it surrounds the National Capital Delhi from three sides and nearly 57 per cent of the State falls under the National Capital Region. Haryana has the highest per capita income amongst the larger States in India and the State GDP is growing at the rate of 7.8 per cent annually. Today, the manufacturing and services sectors contribute about 86 per cent to the State economy. Haryana’s economic growth rate has been consistently higher than that of the National economy.
While adding that Haryana provides a very conducive eco-system for growth of enterprises, he invited them to invest in Haryana. He said that the Government would appoint Relationship Managers for them. These Managers would handhold them through the entire project lifecycle. He also assured them of hassle-free business environment and wholehearted support of my Government.
Answering a query on environmental clearances, he informed that when his government came to power, there were over 1000 pending applications for consent to operate with an average pending of around 13 months. Today, only 45 applications with a pendency of 40 days were pending.