Haryana used 96% of incentive budget in 2 years, targets ₹5 lakh crore investment

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Haryana used 96% of incentive budget in 2 years, targets ₹5 lakh crore investment

Synopsis

Haryana's 96% incentive budget utilisation in two consecutive years isn't just a bookkeeping achievement — it's the central argument Chief Minister Nayab Singh Saini is using to win over Gujarat's hardheaded industrialists. With ₹5 lakh crore and 10 lakh jobs on the table, and a Global Investors Summit locked in for April 2027, the pitch is specific, the numbers are public, and the accountability clock has started.

Key Takeaways

Haryana utilised 96% of its incentive budget in FY 2023-24 and FY 2024-25 , with a six-year average of 83% .
Chief Minister Nayab Singh Saini is targeting ₹5 lakh crore in fresh investments and 10 lakh jobs over the next five years.
57% of Haryana's area falls within the NCR ; Gurugram hosts 250+ Fortune 500 offices, 270 GCCs and 19 unicorns .
Haryana contributes approximately 3.8% of India's GDP despite covering only 1.34% of its geographical area.
The Happening Haryana Global Investors Summit is scheduled for April 2027 .
Industries Minister Rao Narbir Singh said the new industrial policy was drafted after direct industry consultation.

Haryana Chief Minister Nayab Singh Saini on Wednesday, 28 October 2026, revealed that the state utilised 96 per cent of its allocated incentive budget in FY 2023-24 and FY 2024-25, as he pitched Haryana's investment potential to Gujarat-based businesses at a roadshow in Gandhinagar. The visit, the second day of a two-day Gujarat tour, saw Saini invite entrepreneurs to channel capital into Haryana's growing industrial corridor.

Key Numbers Behind the Pitch

Saini told business leaders that the average incentive budget utilisation over the past six years stood at 83 per cent — a figure he positioned as evidence of the state's execution capacity rather than merely its ambition. The government, he said, is now targeting ₹5 lakh crore in fresh investments and 10 lakh employment opportunities over the next five years. These are among the most concrete targets Haryana has publicly committed to in recent memory.

Why Haryana Is Courting Gujarat Businesses

The choice of Gujarat for the roadshow is strategically deliberate. Saini specifically cited the diamond and textile industries of Surat, Ahmedabad's industrial base, and the state's chemical, pharmaceutical and manufacturing sectors as complementary strengths that could dovetail with Haryana's own industrial network. He argued that Gujarat's entrepreneurial DNA could unlock opportunities in manufacturing, logistics and ancillary industries if redirected — or expanded — into Haryana.

Saini urged Gujarat's entrepreneurs to factor Haryana into expansion plans over the next two to five years, covering manufacturing units, offices, warehouses and technology centres.

Location Advantages and Infrastructure Edge

A central thread of Saini's address was Haryana's geographic advantage. He noted that around 57 per cent of the state's area falls within the National Capital Region (NCR), giving businesses proximity to one of the country's largest consumer and commercial markets. He also cited the Kundli-Manesar-Palwal Expressway, the Delhi-Mumbai Expressway, and major industrial corridors as connectivity enablers, alongside airport access at Delhi, Chandigarh and Noida.

On the corporate side, he highlighted that Gurugram hosts offices of more than 250 Fortune 500 companies, around 270 Global Capability Centres (GCCs), and 19 unicorn companies — a cluster that signals depth in technology and professional services beyond traditional manufacturing.

Industrial Policy and Investor Incentives

Industries and Commerce Minister Rao Narbir Singh, who accompanied the Chief Minister, said Haryana's new industrial policy includes provisions for incentives and subsidies shaped by direct industry feedback. 'The policy had been formulated after seeking suggestions from industrialists to address their practical requirements,' he noted.

Saini also flagged that Haryana accounts for approximately 3.8 per cent of India's national economy despite covering only around 1.34 per cent of the country's geographical area — a per-area productivity ratio he used to underline the state's economic density.

Happening Haryana Global Investors Summit 2027

The Chief Minister formally invited businesses to the Happening Haryana Global Investors Summit, scheduled for April 2027, describing it as a platform to explore the state's industrial capabilities and build long-term partnerships. Senior officials including Chief Principal Secretary Rajesh Khullar, Industries Commissioner Amit Agrawal, Director General Yash Garg, and Haryana State Industrial and Infrastructure Development Corporation Managing Director Vinay Pratap Singh formed part of the delegation.

With the Investors Summit on the horizon and the government doubling down on execution metrics, Haryana's pitch to Gujarat businesses will be tested by whether the ₹5 lakh crore target attracts binding commitments — or remains an aspirational headline.

Point of View

Not just foreign capital, and Haryana is betting that Gujarat's surplus entrepreneurial energy can be redirected northward. The 96% utilisation figure is a smart reframe: rather than promising a bigger budget, Haryana is arguing it spends what it commits, which is a credibility argument that resonates with industrialists burned by incentive schemes that exist on paper but not in disbursements. The real scrutiny, however, must fall on outcomes: high utilisation of an incentive budget is only meaningful if it correlates with verifiable job creation and investment inflows — data Haryana has not yet placed in the public domain.
NationPress
28 Oct 2026

Frequently Asked Questions

How much of Haryana's incentive budget was used in FY 2023-24 and 2024-25?
Haryana utilised 96 per cent of its allocated incentive budget across FY 2023-24 and FY 2024-25, according to Chief Minister Nayab Singh Saini. The average utilisation over the past six years stood at 83 per cent.
What is Haryana's investment and employment target for the next five years?
Haryana is targeting ₹5 lakh crore in fresh investments and 10 lakh employment opportunities over the next five years, as announced by CM Saini at the Gandhinagar investor roadshow on 28 October 2026.
Why did Haryana's CM visit Gujarat for an investor roadshow?
CM Nayab Singh Saini visited Gujarat to invite its business community — particularly from sectors like diamonds, textiles, chemicals and pharmaceuticals — to invest in Haryana. He argued that Gujarat's entrepreneurial strengths could complement Haryana's industrial base and NCR proximity.
What is the Happening Haryana Global Investors Summit?
The Happening Haryana Global Investors Summit is a state-level investment conclave scheduled for April 2027. Saini invited Gujarat-based businesses to attend, describing it as a platform to explore Haryana's industrial capabilities and forge long-term partnerships.
What are Haryana's key industrial and locational advantages?
Around 57 per cent of Haryana's area lies within the National Capital Region, giving businesses access to a large consumer market. The state also benefits from the Kundli-Manesar-Palwal and Delhi-Mumbai Expressways, airports at Delhi, Chandigarh and Noida, and Gurugram's cluster of 250+ Fortune 500 offices, 270 GCCs and 19 unicorn companies.
Nation Press
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