Swedish Giants Invited: CM Nayab Singh Saini Pushes for Investment in Haryana
Haryana CM Nayab Singh Saini urges Swedish companies to invest in the state and join the Global Investor Summit 2027 to boost industrial ties.
In a strategic move to bolster industrial ties and attract global capital, Haryana Chief Minister Nayab Singh Saini has extended a formal invitation to Swedish companies to invest in Haryana. During a high-profile visit to Stockholm, the Chief Minister urged Swedish enterprises to explore the state's vast industrial potential and mark their presence at the upcoming Haryana Global Investor Summit 2027.
Strengthening the 'Make in India' and 'Made with Sweden' Bond
Speaking at a round-table discussion with Swedish business leaders, CM Saini emphasized the need to deepen collaboration through the "Make in India" and "Made with Sweden" initiatives. He pointed out that the existing joint five-year action plan between India and Sweden serves as a robust roadmap for bilateral cooperation.
The ambition is clear: both nations are aiming to double their economic exchanges, encompassing both trade and investment, over the next five years. Saini highlighted that Haryana is perfectly positioned to be a primary hub for this growth.
Proven Success: From IKEA to Defense Systems
To demonstrate the state's viability, the Chief Minister cited existing Swedish footprints in Haryana as evidence of international confidence:
- IKEA: The furniture giant's integrated project in Gurugram, valued at Rs 3,500 crore, stands as a testament to the state's attractiveness.
- Defense Manufacturing: Saini highlighted the manufacturing plant for Carl Gustaf systems, operated by a Swedish firm at MET City in Jhajjar, showcasing Haryana's strength in the manufacturing and defense ecosystem.
The Chief Minister assured Swedish industrialists that the state government is fully open to discussions for any company looking to penetrate the Indian market.
A Global Push for Investment
The Stockholm visit is part of a larger global outreach. Earlier in October, CM Saini participated in a fireside chat at the SING Forum in Singapore. During that engagement, he detailed Haryana's policy reforms and investor-friendly climate. The CMO revealed that 20-30 major companies were identified prior to the Singapore trip, leading to several investment proposals and expressions of interest.
Why Haryana? The Competitive Edge
CM Saini outlined several key strengths that make Haryana a prime destination for global firms:
- Tech Hubs: The state is already home to over 270 Global Capability Centres (GCCs).
- Automotive Powerhouse: A well-established automotive ecosystem that provides a strong foundation for industrial expansion.
- Beyond the NCR: While Gurugram is a major draw, the CM encouraged investors to look at opportunities across the entire state.
Cutting Red Tape: New Policies and Faster Incentives
To ensure a seamless experience for investors, Haryana has overhauled its administrative processes. In June, the state introduced 10 new policies and enhanced its Single Window System to eliminate bureaucratic hurdles.
The incentive framework has been significantly accelerated to provide immediate relief to investors. According to the new system:
- 50 per cent of eligible incentives are provided within the first seven working days.
- The remaining balance is disbursed within 45 days.
Furthermore, the state is promoting sustainability by encouraging the use of recycled and treated water for industrial needs. To aid transparency, a digital platform has been launched, providing detailed information on available land parcels across Haryana, making it easier for companies to plan their physical footprint.