In what appears as a ray of hope amid the COVID-19 gloom, it is expected that Haryana Industrial sector will be back on its feet in the next few months. The investment opportunities likely to be generated due to manufacturing sector shift from China is something that the state can look forward to. The state has claimed that the reboot is going at steady pace.
“There is nothing to worry for our industrial sector as we have a well thought-out and planned revival strategy in place. Despite lockdown, we as a state, ensured that we keep as many industries working as possible at a minimum level. We have already provided a relief package of around Rs 250 crore to our industries and given loan interest waivers. We were quick to restart them after MHA approvals with requisite standard operating procedures in place. We are now aiming a boost by getting maximum investment in state,” Rajesh Khullar, principal secretary to Haryana Chief Minister Manohar Lal Khattar, told THE WEEK.
The state has already rebooted 19,000 units, and according to Khullar, Haryana has ensured regular supply of raw material and even managed to retain the labour force from migrating to their native places.
“We started planning since day one of lockdown and worked to fight challenges that could slow reboot after lifting of restrictions. From working out a transit and supply plan for raw material to retention of labour and industrial worker force in hygienic and stress free environments, we kept all industries on standby to jumpstart as and when required,” added Khullar.
In addition to the 'full proof' reboot strategy, Haryana is planning to make most of the projected shift of US, Japanese, Korean and Eurozone manufacturing units from China. The state government is all set to aggressively lure them with lucrative offers of land area, payment terms, incentives and business facilities.
“Haryana is already a popular investment hub, and we are amongst top rankers in ease of doing business. We are currently eyeing oversees investments that will yield results within three to six months,” added Khullar.
Khullar, starting from Wednesday, would hold open house with potential investors from 3pm to 4 pm every day through video conferencing/webinars.
