The study was jointly released by D.S. Rawat, national secretary general of ASSOCHAM along with V.G. Ramakrishnan, Managing Director, South Asia, Frost & Sullivan and Shylesh Narayanan, Vice President, Private Sector & Government Consulting in Chandigarh today.It said that as Haryana is home to numerous small, medium and large electronics organizations operating across the electronics system design and manufacturing (ESDM) industry value chain from semiconductor design companies, to electronic component companies, to product manufacturers to electronics manufacturing services (EMS) companies, newer avenues for investments either in Greenfield or Brownfield projects need to be explored.
Haryanas proximity to premier electronics research and technical institutions makes it a favorable location for electronics research and development (R&D) and innovation, noted the study. It said that the state needs to accord priority to initiatives in development and application of frontier technologies like Nano technology, development of new materials, genetics, biotechnology, chip manufacturing, communications technology, mobile computing, robotics, energy saving and development of new sources of energy and others to invite investments in the R&D sector.
Clusters for electronic components, LED lighting, medical electronics are some of the high opportunity areas for Haryana, suggested the study. Besides, given Haryanas close proximity to chip design majors in Delhi and Noida, assembly test mark and packaging (ATMP) facilities can be set up and the companies can avail incentives for the same under the new modified special incentive package scheme (MSIPS), it added. To cater to the huge number of small and medium electronics enterprise in the national capital region (NCR), investments can be made in setting up basic/specialty electronic testing, calibration and certification centers.
The ASSOCHAM-Frost & Sullivan study observed that opportunities are ample for the private sector to supplement and complement state governments efforts in providing quality healthcare facilities through specialty and super specialty hospitals and state-of-the art diagnostic facilities at the tertiary level. It went on to say that considering that foreign tourist arrivals in Haryana has been low and the state even does not figure in top 10 states attracting domestic tourists, the state government needs to focus on making tourism in Haryana a blooming industry. A comprehensive tourism marketing program for tourism promotion, appointment of a states brand ambassador, promoting concepts like golf, medical tourism and other theme-based programs are certain strategies the state government may follow in this regard.
Highlighting certain potential business opportunities in further developing the food processing sector in Haryana, ASSOCHAM-Frost & Sullivan study has suggested the state to establish cold chains, provide pre-cooling facilities to farmers as a service, cold chains in terminal markets and improving the retail marketing arrangements on a priority basis. In the auto and auto components industry, the study has asserted that establishment of a Logistics Centre Facility in PPP mode or through the private sector in IMT Manesar for efficient inventory management and dispatches by the industries is an opportunity to capitalize on.