HARYANA GETS FDI WORTH $73 BILLION DURING 2019-20

Haryana has attracted a foreign direct investment (FDI) of $ 73 billion during the year 2019-2020, becoming the fifth largest economy in the country. This information was shared by the state Chief Secretary, Vijai Vardhan during the first meeting of Shanghai Cooperation Organisation (SCO) Forum of Heads of Regions.

The Chief Secretary was representing India in this meeting which was hosted by Russia. In his address, Vijai Vardhan said that Haryana state covers only 2 per cent of India geographically and has a population of about 25 million, still it is the leading state in agriculture and industrial sector. He said that a new airport is being developed at a fast pace in Hisar district of Haryana. Vijai Vardhan said that Haryana is one of the largest automobile hubs in the country and two-thirds of passenger cars, 50 per cent tractors and 60 per cent motorcycles of the country are manufactured here. The state has also made its mark in the field of IT and biotechnology and is the third largest exporter in terms of software and is the preferred destination for IT / ITES facilities.

Elaborating more on IT, the Chief Secretary said that Gurugram district has emerged as a preferred destination for the IT industry with over 400 companies in the field of information technology (IT) in North India.

Vijai Vardhan said that Haryana is one of the most preferred destinations for Research and Development (R & D) and the top companies in the world like Intel, Apple, Samsung, Amazon and Google have invested in the state. He said that there is immense potential for cooperation between Haryana and Shanghai Cooperation Organisation (SCO) member countries in the fields of trade and business, auto manufacturing, skill development, IT and ITES, agriculture and agro-based industries like food processing, health and animal science.