Encounter News Punjabi

India Moving Towards Innovation-Driven Economy: Haryana CM Nayab Singh Saini

WhatsApp Channel Join Now

Chandigarh: Haryana Chief Minister Nayab Singh Saini urged industrialists and investors to tap investment opportunities in the State’s fast-growing food processing sector, expanding logistics ecosystem in the National Capital Region (NCR, the upcoming Electric Vehicle (EV) Park and other areas in the state.

Addressing entrepreneurs and industrialists from 12 countries and 27 states at the TiECon Chandigarh Summit 2026, the Chief Minister said the present State Government has created a highly favorable industrial environment where investors gain confidence and entrepreneurs find abundant opportunities. He said that the government is continuously simplifying procedures to promote ease of doing business and ease of living, with a strong focus on digital governance, transparency, and accountability.

Highlighting sectoral growth,Nayab Singh Saini stated that the food processing industry is expanding rapidly across the country and in Haryana, with around 28,000 units already established. However, he noted that immense untapped potential still exists in this sector. Referring to logistics, he shared that Haryana ranks third nationally and first in North India, with nearly 57% of its geographical area falling within the NCR, which is being developed as a major logistics hub. He also encouraged investments in the EV sector, supported by a progressive policy offering multiple incentives and facilities.

The Chief Minister said India is transitioning from a consumption-driven economy to a production- and innovation-led economy. Haryana has played a significant role in this transformation. Once known primarily for agriculture and traditional industries, the State has now emerged as a hub of innovation, startups, and technological advancement, he added.

He said that under the Haryana Startup Policy, the government is providing financial assistance, mentorship, infrastructure, and market access to young entrepreneurs. Cities such as Gurugram, Faridabad, Panchkula, and Hisar are fast emerging as startup hubs, particularly in sectors like IT, agri-tech, fintech, health-tech, and manufacturing. He said that Haryana is currently the 7th largest state in terms of the number of startups, with over 9,500 recognized startups, nearly 50% of which are women-led. The State aims to increase women’s participation in startups to 60% in the next phase.

Nayab Singh Saini further highlighted Haryana’s strategic advantage, with 14 districts and around 57% of its area falling within the NCR, and nearly 66% lying in the influence zone of the Delhi-Mumbai Industrial Corridor. The State offers excellent connectivity through air, rail, and road networks and is a major contributor to India’s exports, achieving exports worth Rs 2.75 lakh crore in 2023–24.

He also elaborated on key policy initiatives, including the Integrated Mini Food Park Scheme, which offers a capital investment subsidy of 50% of the project cost (up to Rs 10 crore) in C and D category blocks. Significant concessions in stamp duty are provided for the purchase or lease of land in industrial estates and parks developed by HSIIDC and private investors. These include 100% exemption in D category blocks, 75% in C category blocks, and 50% in A and B category blocks.

 

To further facilitate investors, the Haryana Enterprise Promotion Center has introduced a single-roof clearance system, offering more than 230 services through a unified online portal. Additionally, over 1,100 compliances across 48 departments have been rationalized to reduce the regulatory burden.

The Chief Minister informed that major infrastructure projects are underway, including an Electronics Manufacturing Cluster at IMT Sohna spread over 500 acres, an integrated multi-modal logistics hub at Narnaul, and an integrated manufacturing cluster at Hisar. Furthermore, 10 new Industrial Model Townships are being developed across the State by HSIIDC on the lines of IMT Manesar.

Emphasizing the importance of indigenous innovation in a rapidly changing global landscape, he said that developing homegrown solutions will not only make India self-reliant but also position it as a global leader. He added that technology has removed geographical barriers, enabling even rural youth to access global markets.

Reaffirming the government’s commitment, the Chief Minister assured full support to investors and entrepreneurs in terms of guidance, resources, and policy backing to help transform their ideas into successful ventures. He also given TiEcon Chandigarh Award 2026 on this occasion.

Haryana is scaling new heights of development under the leadership of Chief Minister – Aseem Goyal

Speaking on the occasion, former Minister Aseem Goyal said that Haryana is scaling new heights of development under the leadership of Chief Minister Nayab Singh Saini. He added that the State Government is firmly supporting investors, creating a conducive environment for business and entrepreneurship. He further said that with its progressive policies and focus on innovation, Haryana has emerged as a growing hub of innovation, attracting startups, industries, and new-age enterprises from across the country.

Explore investment opportunities in this upcoming IE/Barwala project – Dr Amit Kumar Agrawal

Commissioner and Secretary, Industries, Dr. Amit Kumar Agrawal said that Haryana has emerged as a leading global hub for IT and IT-enabled services (IT/ITeS). He highlighted that a strong industrial and innovation ecosystem is being developed in the State under the guidance of Chief Minister Nayab Singh Saini, and expressed hope that the next generation of unicorn founders from Haryana would emerge from such platforms and summits.

Providing an overview of India’s startup ecosystem, he said that a vibrant culture of innovation and entrepreneurship has taken root across the country. Haryana, he added, is home to a thriving startup and research & development ecosystem, supported by progressive policies and robust infrastructure.

 

Dr. Agrawal said that the State Government is committed to nurturing entrepreneurial spirit from an early age. Our aim is to instill a mindset among school-going children to become job creators rather than job seekers, he said.

He also informed that a new Industrial Estate (IE) is being developed at Barwala over more than 550 acres with mixed land use. Inviting industrialists and investors, he urged them to explore investment opportunities in this upcoming project and be part of Haryana’s growth story.

President TiE Chandigarh Puneet Verma, Director General STPI Arvind Kumar, Director STPI Shailendar Tyagi and others were also spoke on this occasion.

 

All news on Encounter News is computer-generated and sourced from third parties. Please read and verify carefully. We will not be responsible for any issues. 

Encounter News
Encounter News
Encounter Media Group

Latest Articles

Following Phule’s Path, Haryana Aims for Inclusive Growth: CM

Chandigarh: Haryana Chief Minister Nayab Singh Saini on Saturday said the...

Jyotirao Phule Remembered: Chief Minister Pays Tribute on Birth Anniversary

Chandigarh: Haryana Chief Minister. Nayab Singh Saini paid heartfelt tributes to...

Punjab’s CRM Push Pays Off: 94% Fire Drop Wins National Award

 Gurmeet Singh Khudian dedicates this award to every farmer who opted...

Government committed to protecting farmers’ interests – Minister Sanjeev Arora

Chandigarh: Punjab’s Cabinet Minister for Industries & Commerce, Investment Promotion, Local...

Gurugram’s New Medical College to Prioritize Haryana Students and Patients

Haryana residents to get 33% reservation in Shri Sheetla Mata Devi...

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here