Haryana State Industrial Development

Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) and its Role in Haryana's Development

• Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) is a 100% state-owned agency of the government of Haryana in India.
• HSIIDC was established on March 8, 1967 and is headquartered in Panchkula, Haryana.
• Haryana is the first state in India to introduce a labour policy in 2005 and a Land Pooling Policy in 2017 to facilitate business operations.
• HSIIDC acts as the nodal agency for implementing the Land Pooling Policy and the labour policy, making it easier to do business in Haryana.
• Haryana Financial Corporation, another state-owned agency, provides financial assistance for setting up new industrial units and expanding existing industries.
• Haryana Vishwakarma Skill University, the nation's first skills university, and other educational and training institutes contribute to the human resources needed to utilize HSIIDC's infrastructure.
• HSIIDC plays a crucial role in creating and developing industrial and infrastructure projects in Haryana.
• HSIIDC's projects contribute to the overall economic development of the state.
• HSIIDC's focus is on attracting investment and promoting industrial growth in Haryana.
• HSIIDC works closely with other government agencies, such as Haryana State Industrial Development Corporation (HSIDC), to support urban development.
• HSVP, a related government-owned agency, is responsible for urban development in Haryana.
• HSIIDC's initiatives aim to create a favorable environment for businesses and drive economic growth in the state.