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India By State - Haryana - Business Opportunities

Business Opportunities



Haryana has made a significant contribution to dairy farm and agro sector and has brought about the 'Green Revolution' and the 'White Revolution'. The state is also prominent in food grain production and horticulture and offers significant potential for agro-based industries, property development and retailing. There is great scope for dairy farming in the rural areas of Haryana and it is being perceived as a great self-employment option. The state has been continuously striving to build a strong agricultural base and strengthen its position. As a result, food processing is fast becoming a thrust area for leading corporate.

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Key Industries


This industry works as one of the largest employment generators in rural Haryana with strong addition in value and exports. The state is currently very proactive in promoting Organic farming aggressively, by means of financial assistance of US $ 12 per hectare provided to farmers for production and use of vermi-compost.

In addition, the use of Greenhouse Production Technology is being encouraged to promote Disease-free Nursery and production of off-season fruits and vegetables.

The state is one of the largest producers of food grains (rice and wheat) in India. Haryana is also the largest exporter of basmati rice from the country.

Special incentives have been provided in the Industrial Policy, 2005 for the promotion of agro-based and food processing industry. Food testing laboratories are to be developed to facilitate production of quality food processed products. Steps are to be initiated to suitably amend the Haryana Agricultural Produce Marketing Act, to enable procurement of notified agricultural produce by food processing industry and cold chains directly from the farmers.

Overall there is huge potential within the State for raising its horticulture production and exports to countries like the USA, European Union and Japan.

Textiles & Apparel

The state produces textiles and readymade garments worth US $1 billion annually and almost one-third of this production is exported.

The abundant availability of raw materials within Haryana provides a key competitive advantage to the state in the textiles and readymade garments sector, as well as a large number of garment manufacturing units. Cotton Production in 2008-09 was roughly 1.88 million bales and the State contributes 25 percent to the national production of cotton yarn. In total there are 73 spinning mills and 2 composite mills in the state.

A cluster of high-fashion readymade garment units have come up in the well-developed industrial area of Udyog-Vihar, Gurgaon. Gurgaon, Faridabad and Panipat have a large number of small and medium enterprises involved in textiles and garment manufacturing. The presence of a number of large and medium buying houses and sourcing agents (representing foreign buyers) at Delhi and Gurgaon is an added advantage.

Prominent garment exporters from Haryana include Orient Craft and Shahi Exports.

Automotive & Auto-Components

According to recent data obtained from CMIE, the auto sector has shown an impressive CAGR of nearly 19 percent over the last four years, and this is propelled by an invested capital of US $ 1.54 billion. The net value addition from the industry is US $ 930 million.

The state produces half of the passenger cars and two-wheelers in the country. Around 20 per cent of the workforce in the state is engaged in the automobiles industry.

The key competitive strength of the state in the automobiles and auto components industries is the presence of established manufacturers. The network of component suppliers and vendors is a critical consideration in deciding the location of any automobile unit. Prominent automobiles and automotive components players present in the state are Suzuki Motors (through Maruti Udyog), Honda Motors, Hero Group, Yamaha Group and Escorts. Maruti Udyog is assessing the feasibility of setting up a Greenfield manufacturing facility at Haryana, with a potential investment of US$ 400 million. Hero Honda Motors is planning to set up a third manufacturing unit for two-wheelers. A number of existing auto component suppliers are expanding capacities in their plants based in Haryana to meet the growing demand from automobile manufacturers as well as export markets.

Wheels India, a TVS Group company, is setting up a US $3.3 million facility with a capacity of 1.25 million wheels at Gurgaon. Production is expected to commence shortly and this will primarily cater to Maruti Udyog Ltd's new facility.

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The petrochemicals sector within Haryana has an invested capital of US $17.2 million and net value addition of US $56 million. The Indian Oil Corporation's Panipat refinery is one of the prestigious projects in the state and is referred to as India's most modern refinery.

The Indian Oil Corporation manufactures petroleum products, crude oil lubricants Grease, Oil Base, Additives and others. They set up its' seventh refinery at Panipat with an installed capacity of 6 million metric tonnes per annum (MMTPA) at a cost of US $830 million. Its capacity has been increased to 12 MMTPA and is in the process of being increased further to 15 MMTPA.

There is now a proposal to develop an industrial park in and around Panipat for the development of downstream industries. This petrochemical hub would be developed with all basic amenities like fully developed roads, drains, sewerage, street lights, electricity, common effluent treatment plant, fire fighting station, commercial and housing facilities including development of social infrastructure like schools, hospitals, parks etc.

The State Government in collaboration with the Central Government aims to set up a 'Central Institute of Plastic and Engineering Technology' to undertake R&D and create skilled manpower for the development of petrochemicals industry.

Special incentives and concessions are to be provided to the industrial units to attract investment into the hub.

Real Estate & Construction

Gurgaon is one of the fastest developing property and retailing markets in the country. Proximity to Delhi and presence of a large services economy has given rise to large-scale opportunities in the property development and retailing sectors.

Gurgaon is projected to develop over 1.4 million sq ft of commercial building space by the end of this year. Similar pace of activity is evident in the residential category. Gurgaon accounts for more than 70 per cent of the new commercial space coming up in the NCR.

Similarly, over a dozen shopping malls have been commissioned at Gurgaon in the recent past. In the coming years, this number is projected to increase significantly with over 2 million sq ft of retailing space being added annually. The prominent Indian company, DLF has invested US $67 million in developing 2.4 million sq ft of commercial space, to be commissioned over the next one year.

DLF, Dabur India and Delhi based Aashlok Hospital have entered into a joint venture to set up a 350 bed tertiary care hospital at Gurgaon with an initial investment of US$ 50 million. It is expected to commence operations by 2006.


The state is the third largest exporter of software services from the country. Gurgaon has emerged as a preferred destination for the IT industry in North India. The total software exports form Haryana, are valued at US $3.9 billion in 2006-07. (About 10 percent of all-India software exports) Software exports from the state have shown a CAGR of 33 percent over the last four years.

The Government has undertaken a number of initiatives to further promote the development of the IT/ITES sector in the state. The steps include setting up of engineering colleges and professional training institutes to create a well qualified labour force and special incentive schemes to IT companies such as working in three shifts.

Prominent IT players present in the state include GE Capital International Services, Wipro, Tata Consultancy Services and Flextronic Software Systems.


The upcoming petrochemicals-hub at Panipatis expected to drive the growth of the petrochemicals industry in north India; through the 5,000-acre project, which is jointly set-up by HSIIDC and Indian Oil Corporation Limited (IOCL).

The new complex is a dedicated industrial zone for downstream industries and is likely to attract an investment of US$ 3.26 billion.

The state government, in collaboration with the central government, aims to set up the 'Central Institute of Plastic and Engineering Technology' to undertake R&D and create skilled manpower for the development of petrochemicals industry.

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Key Players

Benetton India

United Colours of Benetton brand is a well known brand in India that has succeeded in carving a niche for itself in the garment industry. Wholly owned subsidiary of the Benetton Group, Italy, it has over 100 stores running all over the country. It has a prime manufacturing unit in Gurgaon where almost 50 per cent of the garments required for Indian stores are manufactured.

DCM Textiles

DCM has a spinning mill located in Hissar having an installed capacity of 39,204 Spindles. It deals in the manufacturing of 100 per cent grey cotton yarn and melange yarn. It exports products to different countries such as Korea, Sri Lanka, Bangladesh, Egypt, and Taiwan.

Delphi Automotives Systems Pvt Ltd

Delphi Automotives Systems Pvt Ltd is a 100 per cent subsidiary of the US based automotive company, Delphi Automotives. The company has 4 manufacturing facilities in the country. The Haryana facility manufactures catalytic converters and evaporator canisters and is one of the largest operations of its kind in the country. The plant has obtained ISO 14001 certification. Delphi plans to invest over US$ 45 million in the country over the next few years.

DLF Universal Ltd

DLF Universal Ltd is a flagship company of the DLF Group, one of the largest real estate developers in the country. Its current ventures include building townships, malls and cinemas. Currently, the group is building one of the largest townships in Asia, the DLF City at Gurgaon, which comprises corporate centres, homes and condominiums, commercial centres, recreation and leisure centres.

Flextronic Software Systems (FSS)

Flextronic Software Systems is a leading provider of communications software and BPO services. In 2003-04, its sales revenue stood at approximately US$ 80 million. FSS has its software development centre at Gurgaon, providing employment to over 2,000 individuals.


GENPACT is the largest BPO Company in the country. It provides employment to over 12,000 individuals in four different locations across the country. It has its largest facility presence at Gurgaon.

GlaxoSmithKline (GSK)

Indian Group Company of GlaxoSmithKline U.K. is one of the largest Consumer Healthcare Ltd. players in the health food drinks industry in the country. It has US$ 55 million factory at village Khera, Sonepat with a capacity to produce 26,000 tonnes per annum of its health foods brand Horlicks.

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Hero Honda Motors Ltd (HHML)

Hero Honda is the world's single largest motorcycle company. It has its manufacturing units at Dharuhera and Gurgaon having an annual production capacity of three million bikes per year.

Honda Motorcycle & Scooter India (HMSI)

It is the100 per cent subsidiary of Honda Motor Company, Japan, with factory at Manesar. It has the capacity to produce 600,000 scooters and 400,000 motorcycles per annum. Cumulative investment of the company in the state has reached US$ 124 million. Its Research and Development facility is at Gurgaon and it is one of the three such facilities globally.

IBM India

IBM comprises two wholly-owned subsidiaries, IBM India and IBM Global services, contributing revenues of over US$ 350 million. IBM Global recently enhanced its presence in India by buying out the Gurgaon-based Daksh e-Services. IBM has signed a Memorandum of Understanding with the Government of Haryana focusing on the creation of skilled manpower, IT consulting, e-governance projects and the application & development of software in various other fields.

Indian Oil Corporation (IOC)

Indian Oil Corporation is the country's largest commercial enterprise. It recorded a sales turnover of US$ 29.8 billion and profits of over US$ 1,600 million in 2003.

The group owns 10 out of 18 refineries in the country with a current capacity of 52.8 MMTPA. In 2003-04, the company sold 48.6 million tonnes of petroleum products, including exports of 1.81 million tonnes.

The company has set up a US $1.3 billion refinery at Panipat with a capacity of 6 MMTPA. It is in the process of doubling the refining capacity at Panipat with an investment of US$ 748 million. It has also invested US$ 104 million for quality improvement at the refinery. IOC is also setting up a US$ 555 million captive power generation plant at Panipat with a capacity of 336 MW.

IOC has announced plans to set up a petrochemicals complex at Panipat, with an overall investment of approximately US$ 5.5 billion. The petrochemicals complex is expected to be commissioned by 2007.

Johnson Matthey

Johnson Matthey is a US$ 7 billion UK-based multi-product company providing process catalyst and technology services to pharmaceuticals and other industries. Currently, the company has four facilities in the country with assets worth US$ 53 million. The company has an autocatalytic facility at Gurgaon which supplies products to Maruti Udyog Ltd. The company is targeting a growth rate of 10-15 per cent.

Maruti Suzuki India

Maruti Suzuki India constitutes for over 50 per cent of the Indian passenger car market. It has three integrated plants with production capacity of 630,000 cars per year at Gurgaon. In February 2007, its fourth plant was inaugurated at Manesar. It has drawn up an investment plan of US$ 2 billion in India by 2010.

Nestle India

Subsidiary of Nestle SA, Switzerland, has its headquarters at Gurgaon in Haryana, India. Some of its famous brand names in India are Nescafe, Maggi, Milkybar, Milo, Kit Kat, Bar-One, Milkmaid, Nestea, Nestle Milk, Nestle Fresh 'n' Natural Dahiand Nestle JeeraRaita. It had set up a factory at Samalkha factory (Panipat), commissioned in 1993, to manufacture milk products.

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Sona Koyo Steering Systems Ltd

Sona Koyo Steering Systems Ltd is the country's largest car steering systems manufacturer. The company uses technology from Koyo Seiko Co, Japan and holds nearly 45 per cent share in the Indian car and utility vehicle steering systems market. During 2003-04, the company registered a turnover of US$ 52 million, a rise of 31 per cent over the previous year.

The company has planned capital expenditure of US$ 22 million over the next few years. It has also planned an investment of US$ 4.5 million to set up manufacturing facilities for electronic steering systems and another US$ 9 million to increase the capacity of its existing facilities.


Svedala is a US $2 billion Swedish capital goods major. The company has a US$ 4 million road construction equipment factory at Bawal. The group has invested in US$ 14 million in the transport equipment market. It is considering strategic alliances with existing heavy fabrication facilities in the country in order to diversify its portfolio.

Tata Consultancy Services (TCS)

Tata Consultancy Services, a part of the Tata Group, is India's largest IT services company. It is one of the leading IT services' company with global revenues of US$ 4.3 billion (2006-07). It offers services to Fortune 500 clients across 55 countries. The TCS Gurgaon centre commenced operations in 1995 and is a SEI-CMM Level 5 certified software development facility. It has more than 100 consultants working on domestic and overseas projects.

Wipro InfoTech

Wipro is one of the largest IT firms in the country. It has revenues of US$ 1.35 billion and an impressive clientele including 138 Fortune 1000 and Global 500 companies. Wipro InfoTech functions through a network of 22 offices, 170 service locations and 8 call centres. The call centre at Gurgaon has a capacity of 2,000 seats.

Yamaha Motors

It is a 100 per cent subsidiary of Yamaha Motor Company Ltd, Japan having its manufacturing plant in Faridabad that caters to the needs of domestic as well as international market.

YKK India Pvt Ltd

YKK India Pvt Ltd, a subsidiary of YKK Japan, operates in over 50 countries with more than 200 factories. The factory located at Bawal produces a range of zippers and caters to the large domestic market for garments & footwear and also exporters.

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Export Profile

During 1998 and 2004, exports from the state more than tripled from US$ 815 million to over US$ 2.6 billion.

Export performance

The main components of the state's exports include software services, basmati rice, readymade garments and handloom. Haryana is the largest exporter of basmati rice in the country.

Composition of exports

Foreign Direct Investment performance

During 2000-2009, the state attracted over US$ 19301.5 million of foreign direct investment.

Based on the FDI approvals during 2000 and 2009, the key sectors attracting FDI in the state have been fuels, electrical equipment including software, transportation, Power, Professional services, and Construction.

Break up of investments by sector

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More Information on Haryana

Back to interactive India state map

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