Haryana’s new industrial policy focuses on backward areas

CHANDIGARH - The Haryana government wants industrial investment to come to the backward areas of the state on the lines of the development of areas in the national capital region of Delhi. This is the focus of the state’s new industrial policy.

This was announced by Chief Minister Bhupinder Singh Hooda after the state cabinet approved the “Industrial and Investment Policy-2011″.

“While the industrial policy of 2005 yielded excellent results, we felt the need for its revision in order to respond to a dynamic economic environment. We are confident that this policy would meet the expectations of all sectors of economy,” Hooda told reporters.

“To take effect from the first day of the new year (Jan 1), and not limited to the manufacturing sector, the policy comprehensively addresses the issue of state’s potential for attracting investment across various sectors,” he said.

“We are proud of the development in areas in close proximity to Delhi such as Gurgaon, Faridabad, Manesar, Kundli and Rai,” he said, adding that boundaries of development must be expanded and investment brought to the relatively backward areas.

“New investment across sectors would generate greater employment opportunities,” he said.