Haryana has emerged as the front-runner in attracting foreign direct investment (FDI) since August 1991, and 957 foreign technical collaboration (FC) approvals have been accorded by the Centre, totalling into FDI inflow of about Rs 11,000 crore into the state.
Haryana chief minister Bhupinder Singh Hooda told FE here on Sunday that for Haryana, ?the role of FDI is a means to support domestic investment to achieve a high level economic development.?
He informed that projects with FDI of about Rs 5,625 crore already been set up in the state since liberalisation, and projects with FDI of Rs 648 crore were at advance stage of implementation.
Haryana ranks fifth in the country, in terms of FDI and FC approvals. The prominent foreign companies, which have come to Haryana from Japan include big names like Suzuki Motors, Honda Motors, YKK, Denso, Nagata Auto, Mitsubishi Electric, Stanley Electric, Nippon Seiki, Ishikawa, Asahi Glass, KEIHIN FIE, Japan Lighting, Showa Corporation, NGK Spark, Sona Kayo Steering etc. Buoyed by the Japanese response, the Haryana government has constructed an exclusive Japanese hostel at Gurgaon to facilitate investment from Japan and to provide all facilities required by Japanese environment. The government has also set up an Investment Promotion Centre to provide ?hand holding service? to Japanese investors for venture location, information on investment policies, procedures and clearances.