PanipatIndian Oil’s Panipat Refinery is the most modernpublic sector refinery equipped with state-of-the-arttechnology. Panipat Refinery today is on thespringboard of growth and two projects, viz, PanipatRefinery Expansion Project for doubling its capacityfrom 6 to 12 MMTPA and Integrated Paraxylene andPTA Project having a capacity of 553 thousand tonnesper annum of PTA are scheduled to be commissionedduring 2005.

In order to further accelerate the development of textile industry, a project under “Textile CentresInfrastructure Development Scheme” (TCIDS) of Government of India is to be set up at Panipat.

The other important districts are Karnal and Ambala.Karnal is the centre of agro-based and handloomsindustries. Ambala is well known for hosieryindustries. Other parts of the state, particularlyeconomic hub around KMP and Panchkula are to be developed as IT Corridors.

in the state. Gurgaon also has a number of garmentexport units. During the last 3-4 years, Gurgaon hasemerged as an important location for the informationtechnology (IT) and the information technologyenabled services (ITES) industry in Haryana.

FaridabadFaridabad is another prominent business andindustrial centre, covering an area of 2,151 sq km.Adjacent to the southern part of Delhi, it is wellconnected to the capital city and Gurgaon through a road and rail network.

The main industries in Faridabad are light engineeringgoods, metal goods and automotive components.It complements the automobile industries located in Gurgaon.The 500 small and medium enterprises in Faridabad mainly concentrating on autocomponents are finalising plans to invest over US$ 30 million for technology improvement and capacity expansion.

HARYANA PAGE 17

STATE POLICY

investment, investment in the private sector andpublic-private partnership is being encouraged in setting up technology parks and other supportiveinfrastructure and services.

In order to encourage investment in the IT, ITES,communications including mobile communications,biotechnology, genetics, robotics and other frontiertechnologies, the state government has enlarged the scope of the scheme on IT Parks etc.TheDepartment of Information Technology is to be the nodal department to receive and process allproposals for setting up Technology Cities/Parks.

e-Governance

The State Government is committed to provide goodgovernance that ensures transparency, reduction in transaction costs, efficiency and citizen centricdelivery of public services.With these objectives an e-Governance roadmap for implementation in fixed time frame is to be prepared. Modernisation of administrative processes, electronic delivery of services, e-procurement, convergence of deliverypoints and citizen access to public information are to form part of this roadmap.

Haryana Investment Promotion Board (HIPB)Haryana Investment Promotion Board under theChairmanship of Chief Minister is proposed to beconstituted to attract domestic as well as foreigndirect investment in the State.The main function of the Board shall be as follows:

n To recommend customised package of incentives and concessions to prestigious projects having investment of US$ 6.4 million and above.

n To undertake investment promotion activities for prospective investors in India and abroad.

n To identify sectors in which foreign as well

The state government proposed a new industrialpolicy in 2005, the highlights of which are mentionedin the subsequent section.The state governmentrecognizes infrastructure as a key facilitator of economic development.The state proposes to adopt an integrated approach to develop industrialand supportive infrastructure.The industrial policyaims to encourage private participation in development of infrastructure.

Industrial policy

The objectives of the Industrial Policy, 2005 are as follows:

n To re-establish industry as a key driver of economic growth

n To create wealth for the residents of the state and improve the quality of their life

n To generate employment and entrepreneurial opportunities across all sectors of the economy

n To facilitate spatial dispersal of economic activities particularly in economically and socially backward regions of the state

n To ensure sustainable development through investment in key sectors of economy

Keeping in view the importance of granting fast trackclearances and approvals for the industrial projects,the state government aims to bring out an IndustrialPromotion Act and formulate rules to make it mandatory on the parts of various departments and authorities to provide clearances within the fixed time frame.

IT policy

The State Government aims to give special attention to the development of infrastructure to supportdevelopment of IT/ITES sector.Apart from public

services sector.The state government aims atorganising Entrepreneur Development Programmes to help youth set up their own ventures.The role of employment exchanges is to be recast to meet the requirements of industry.

Development of Small and MediumEnterprises (SMEs) sector

The Government has set up an SMEs Renewal Fundfor technology upgradation, creation of qualityconsciousness, promotion of branding and adoption of improved management practices.The stategovernment proposes to set up a Centre forCompetitiveness to assist the small and medium scale industry to reap benefits of new technology,providing technology information services,consultancy and advisory services in agri-foodprocessing and bio-technology sector.The stategovernment is encouraging the existing small scaleindustrial units to undertake modernisation and/ortechnology upgradation to meet the challenges of WTO regime.

Scheme of Incentives and Concessions

In order to attract domestic as well as foreign directinvestment and for dispersal of industry to backwardareas, the state aims to provide following incentives to the new industrial units:

n Incentives for Mega Projects in Backward Areasn Incentives for Small Scale Industries in Backward

Areasn Incentives for Exporting Unitsn Incentives for Food Processing Industries

The new scheme of incentives are applicable to units coming in commercial production after thecommencement of this policy. However, exportincentives shall be available to existing units as well.Special priority is to be given for release of electricconnection to mega projects, 100 per cent EOUs,IT Industries and FDI projects.

as domestic investment is sought keeping in view the State priorities.

n To review periodically the implementation of FDI projects as well as mega projects proposals.

n Foreign Investment Promotion Board, Haryana shall be subsumed in HIPB.

Investment Promotion CentreAn Investment Promotion Centre is to be set up inDelhi and Chandigarh to act as a single point contactagency and showcase Haryana as a destination forinvestment.This agency will provide all informationparticularly with regard to various sanctions/approvalsneeded for implementation of the projects, availabilityof land etc.

Industry-Government Joint Task ForceThe state government proposes to constitute a Joint Task Force with representatives of industrialassociations and government officers to facilitatehassle free operation of industry.The Task Forcewould consider and suggest amendment in theexisting laws/procedures for smooth implementationof projects.

The State Government aims to constitute a SteeringCommittee and Grievances Redressal Committee to co-ordinate the activities of various departmentsconnected with the industrial development in theState and to handle issues, which create bottlenecks in the smooth process of industrialisation.

Human resource development

The State Government accords highest priority to the development of human resources. Strategiesare to be adopted to enable residents to take fulladvantage of employment opportunities.A detailedscheme is proposed incorporating role of industry in deciding curriculum and in management of ITIs,polytechnics and engineering colleges.

Special curriculum is to be evolved to produce joboriented work force for availing opportunities in the

HARYANA PAGE 19

BUSINESS OPPORTUNITIES

Textiles and readymade garmentsHaryana produces textiles and readymade garmentsworth US$ 1 billion annually. Almost one-third of thisproduction is exported.

The key competitive strength of Haryana in thetextiles and readymade garments sector is availabilityof raw materials (cotton and wool) and presence of large number of garment manufacturing units.Gurgaon, Faridabad and Panipat have a large numberof small and medium units involved in textiles andgarment manufacturing.The presence of a number of large and medium buying houses and sourcingagents (representing foreign buyers) in Delhi andGurgaon is an added advantage.

Prominent garment exporters from Haryana includeOrient Craft and Shahi Exports.

IT/ITES Haryana is the third largest exporter of softwareservices from India. Gurgaon, on the outskirts of Delhi, is one of biggest locations for ITES facilitiesin India.

India currently exports software worth over US$ 12 billion. Haryana’s share in this segment is approximately US$ 1 billion.The government has undertaken a number of initiatives to promotefurther development of IT & ITES sector in the states.The steps include setting up of engineering collegesand professional training institutes to create a wellqualified labour force and special incentive schemesto IT companies, such as working in three shifts.

Prominent IT players present in Haryana include GE Capital International Services,Wipro,TataConsultancy Services and Flextronic Software Systems.

Key industries

The important industries in Haryana includeautomobiles and automotive components, readymadegarments and industrial estate development.

Automobiles and Automotive ComponentsHaryana 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 theautomobile industry.The major automobile centres in the state include Gurgaon and Faridabad.

The key competitive strength of Haryana in automobile and auto component industry is thepresence of established manufacturers.The networkof component suppliers and vendors is a criticalconsideration in deciding the location of anyautomobile unit. Prominent automobile andautomotive component players present in Haryanaare Suzuki Motors (through Maruti Udyog), HondaMotors, Hero Group,Yamaha Group and Escorts.

Maruti Udyog is assessing the feasibility of setting up a greenfield manufacturing facility in Haryana,with a potential investment of US$ 400 million.Hero Honda Motors is planning to set up a thirdmanufacturing unit for two-wheelers.A number of existing auto component suppliers are expandingcapacities in their plants based in Haryana to meetthe 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 in Gurgaon. Production would start early half of next year and this willprimarily cater to Maruti Udyog Ltd’s new facility.

Exports

Between 1998 and 2004, exports from Haryana more than tripled from US$ 815 million to over US$ 2.6 billion.

The main components of Haryana’s exports includesoftware services, basmati rice, readymade garmentsand handloom. Haryana is the largest exporter of basmati rice in the country.

Investment

Haryana has attracted industrial investment worthover US$ 5.4 billion in sectors such as motorvehicles and transport equipment, textiles andreadymade apparels, basic metals and fabricatedmetal products.These sectors represent more than50 per cent of the existing industrial investmentin Haryana.

Share of industries in capital investment

8%

7%12%

27% 28%

18%

Textiles & apparel

Basic metals & fabricated metal products

Motor vehicles & transport equipment

Non metallic mineral products

Machinery and equipment

Others Source: Annual Survey of Industries, 2002-03

Haryana - Export performance

Source: Industrial Assistance Group

1998

US$

mill

ion

0

500

1000

1500

2000

2500

3000

1999 2000 2001 2002 2003 2004

HARYANA PAGE 21

Thrust sectors

The following sectors, which have been identifiedafter analysing their growth potential and long-term sustainability, are the thrust industry sectors.

Agro-based and Food Processing IndustryHaryana is one of the largest producers of foodgrains (rice and wheat) in India. Haryana is the largest exporter of basmati rice from India.

Special incentives have been provided in theIndustrial Policy, 2005 for the promotion of agro-based and food processing industry. Food TestingLaboratories ate to be developed to facilitateproduction of quality food processed products.Steps are tp be initiated to suitably amend the Haryana Agricultural Produce Marketing Act,to enable procurement of notified agriculturalproduce by food processing industry and cold chains directly from the farmers.

Foreign Direct Investment performanceBetween 1996 and 2003, Haryana attracted over US$ 720 million of foreign direct investment.

Based on the FDI approvals during August 1991 to December 2002, the key sectors attracting FDI in Haryana have been fuels, electrical equipment including software, transportation industry, paper and pulp including paper products and foodprocessing industry.

Haryana – Composition of exports

15%

12%

13%

45%

15%

Software

Basmati Rice

Readymade Garments

Handloom

OthersSource: Industrial Assistance Group

Haryana – FDI performance

Source: Secretariat for Industrial Assistance reports

1996

US$

mill

ion

00

100

200

300

400

500

600

700

800

1997 1998 1999 2000 2001 2002 2003

Haryana – Sector-wise breakdown of FDI

8%7%4%

36%30%

15%

Fuels

Electrical equipment including software

Transportation industry

Paper and pulp including paper product

Food processing industry

Others Source: Secretariat for Industrial Assistancenewsletter, Annual Issue 2002

components are in the pipe line.The stategovernment proposes to establish a NationalAutomotive Testing, Research & DevelopmentInfrastructure Project in Haryana, with assistancefrom Government of India.

Handloom, Hosiery,Textile and Garments ManufacturingAn apparel park is to be developed within Special Economic Zone, Gurgaon and one at Barhiunder the “Apparel Park for Exports” scheme of the Government of India.An international tradeand conventional centre is proposed being set up at Panipat to promote handloom products.

An International Trade Centre would be set up at Gurgaon for promotion of garments.These trade centres would have global marketinformation data and design centre for handloom and garments industry.

Export Oriented Units (EOUs) The government endeavours to set up InlandContainer Depot in the private or joint sector.

Electronics and Information & Communication TechnologyThe state government aims to facilitate private sectorinvestment by developing Special Economic Zoneexclusively for electronics and information andcommunication industry. A separate policy forfacilitating the setting up of Technology Parks hasbeen proposed.A State Wide Area Network(ADHAR) is proposed to be set up in public-privatepartnership to provide high speed connectivity fordelivery of services in public and private domain.This would also give a boost to the growth of IT/ITESand e-commerce. Facility for IT Education is to beimproved and the capacity of ongoing courses are to be expanded. Software industry is to be permittedwithout locational restriction.

Automobiles & Automotive ComponentsIMT Manesar is fast coming up as a prominent clusterof automobiles and auto components. Maruti UdyogLtd is implementing an expansion project at IMTManesar. Other MNCs have also set up their units in this complex. Bawal is another area where a number of projects for the manufacturing of auto

HARYANA PAGE 23

The infrastructure facilities in the existing InlandContainer Depot are to be strengthened. Freightsubsidy is proposed to be provided to exporters.

PetrochemicalsIn view of the availbaility of requisite feed stock in close proximity, there is a proposal to develop an industrial park in and around Panipat for thedevelopment of dowstream industries.

This petrochemical hub would be developed with all basic amenities like fully developed roads, drains,sewerage, street lights, electricity, common effluenttreatment plant, fire fighting station, commercial andhousing facilities including development of socialinfrastructure like schooling, hospitals, parks etc.

The state government in collaboration with theCentral Government aims to set up a “CentralInstitute of Plastic and Engineering Technology” to undertake R&D and create skilled manpower for the development of petrochemical industry.

Special incentives and concessions are to beprovided to the industrial units to attract investment in the hub.

Property Development and RetailingGurgaon is one of the fastest developing propertyand retailing markets in India. Proximity to Delhi and presence of large services economy has given rise to large-scale opportunities in propertydevelopment and retailing sectors.

Gurgaon is projected to develop over 1.4 million sq ftof commercial building space by the end of this year.Similar pace of activity is evident in the residentialcategory. Gurgaon represents more than 70 per centof the new commercial space coming up in theNational Capital Region.

Similarly, over a dozen shopping malls have beencommissioned in 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 prominentIndian 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 bedtertiary care hospital in Gurgaon with an initialinvestment of US$ 50 million. It is expected to startoperations by 2006.

HARYANA PAGE 25

PROFILE OF KEY PLAYERS IN HARYANA

GE Capital International Services (GECIS)GE Capital International Services, is the largestremote processing (BPO) organisation in India.It employs over 12,000 people in four differentlocations across India. GECIS has its largest presence in Gurgaon.

Hero Honda Motors Ltd (HHML)Hero Honda Motors Ltd is world’s largest two-wheeler company. It is a joint venture betweenIndia’s Hero Group and Honda Motor Company,Japan. In 2003-04, HHML sold over 2 millionmotorcycles, generating over US$ 1.3 billion in sales.HHML has two manufacturing plants with an annualcapacity of 2.2 million vehicles in the state. HHML is assessing the feasibility of setting up a thirdmanufacturing plant.

Honda Motorcycle & Scooter India (HMSI)Honda Motorcycle & Scooter India is a 100 per centsubsidiary of Honda Motor Company, Japan.

Delphi Automotives Systems Pvt Ltd Delphi Automotives Systems Pvt Ltd is a 100 per cent subsidiary of the US based automotivecompany 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 largestoperations of its kind in the country.The plant hasobtained the ISO 14001 certification. Delphi plans to invest over US$ 45 million in the next few years in its India operations.

DLF Universal LtdDLF Universal Ltd is a flagship company of the DLF Group, one of the largest real estate developersin India. Its current ventures include buildingtownships, malls and cinemas. Currently, the group is building one of the largest townships in Asia, theDLF City in Gurgaon which comprises corporatecentres, homes and condominiums, commercialcentres, recreation and leisure centres.

in the next few years to increase capacity andupgrade production facilities.

Flextronic Software Systems (FSS)Flextronic Software Systems is a leading provider of communication software services and BPOservices. In 2003-04, its sales revenue stood at around US$ 80 million. FSS has its softwaredevelopment centre at Gurgaon, where it employsover 2,000 people.

IBM IndiaIBM’s operations comprise two wholly ownedsubsidiaries, IBM India and IBM Global servicescontributing revenues of over US$ 350 million.IBM Global operations recently enhanced its presence in India by buying out the Gurgaon-based

In 2003-04, the company recorded total profits of US$ 220 million.

In 2001, HMSI set up a two-wheeler manufacturingplant at Manesar, Gurgaon, with a cumulativeinvestment of US$ 140 million.The plant will have a total capacity of one million vehicles by 2006-07.The company has already invested US$ 100 millionsince its inception towards better productioncapacity. The company has increased capacity from450,000 vehicles to 600,000 vehicles and has plans to launch three new models in the next few years.Honda has also established its R&D facility in Gurgaon. It is one of the only three such facilitiesoutside Japan.

The company is investing over US$ 100 million

HARYANA PAGE 27

generation plant at Panipat with a capacity of 336 MW.

IOC has announced plans to set up a petrochemicalcomplex in Panipat, with an overall investment of US$ 5.5 to US$ 6 billion.The petrochemicalcomplex is expected to be commissioned by 2007.

Johnson MattheyJohnson Matthey is a US$ 7 billion UK-based multi-product company providing process catalyst andtechnology services to pharmaceutical and otherindustries. Currently the company has four facilities in the country with assets worth US$ 53 million.The company has an autocatalytic facility in Gurgaon,which supplies products to Maruti Udyog Ltd.Thecompany is targeting a growth rate of 10-15 per centand is planning to diversify into the pharmaceuticalcatalyst sector also.

Maruti Udyog Ltd (MUL)Maruti Udyog Ltd is India’s largest car manufacturerwith a market share of 50 per cent. MUL has itsmanufacturing plant at Gurgaon, with an installedcapacity of 350,000 vehicles.The plant produces

Daksh e-Services. IBM has signed a Memorandum of Understanding with the Haryana governmentfocusing on the creation of skilled manpower, ITconsulting, e-governance projects and the applicationand development of software in various other fields.

Indian Oil Corporation (IOC)Indian Oil Corporation is the country’s largestcommercial enterprise with a sales turnover of US$ 29.8 billion and profits of over US$ 1,600 million (2003).

The Indian Oil group owns 10 out of 18 refineries in India with a current capacity of 52.8 MMTPA.Over the year 2003-04, Indian Oil sold 48.6 milliontonnes of petroleum products, including export of 1.81 million tonnes.

IOC has set up a US$ 1.3 billion refinery at Panipatwith a capacity of 6 million metric tonnes per annum.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 qualityimprovement measures at the refinery. IOC is also setting up a US$ 555 million captive power

325,000 retail outlets. It has a US$ 56 milliongreenfield Horlicks factory in Sonepat with an installed capacity of 26,000 tonnes.

Sona Koyo Steering Systems LtdSona Koyo Steering Systems Ltd is India’s largest car steering systems manufacturer.The company uses technology from Japan’s Koyo Seiko Co and hasnearly 45 per cent of the Indian market for car andutility vehicle steering systems. 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 a capital expenditure of US$ 22 million over the next few years. It has alsoplanned an investment of US$ 4.5 million to set upmanufacturing facilities for electronic steering systemsand another US$ 9 million to increase the capacity of existing facilities.

50 variants of the 9 basic models.The factory’scapacity can be stretched to 500,000 vehicles with modifications.

Suzuki Motor Corporation is investing US$ 230 million in setting up a second manufacturingplant and a new facility for manufacturing dieselengines.The new manufacturing plant with a capacityof 250,000 units is scheduled to start operation in the beginning of 2007.The total investment in setting up the plant is US$ 140 million.The newfacility for diesel engine manufacture shall have a capacity of 100,000 units per annum and involve an investment of US$ 90 million.

GlaxoSmithKlineGSK is a leader in nutritional healthcare products.It has a strong marketing network in India comprisingover 1,000 wholesalers and direct coverage of over

HARYANA PAGE 29

SvedalaSvedala is a US$ 2 billion Swedish capital goods major.The company has a US$ 4 million, road constructionequipment factory in Bawal.The group has brought in US$ 14 million of investment in the transportequipment market. It is considering strategic allianceswith existing Indian factories having heavy fabricationfacilities in order to diversify its range of products.

Tata Consultancy Services (TCS)Tata Consultancy Services, a part of the Tata Group,is India’s largest IT services company. It offers servicesto Fortune 500 clients across 55 countries.TheGurgaon centre of TCS commenced operations in 1995 and is a SEI-CMM Level 5 certified softwaredevelopment facility. It has more than 100 consultantsworking on national and overseas projects.

Wipro InfotechWipro is one of the largest Indian IT firms. It hasrevenues of US$ 1.35 billion and an impressive client

list including 138 Fortune 1000 and Global 500clients.Wipro Infotech serves customers in Indiathrough a network of 22 offices, 170 service locationsand 8 call centres.Wipro has a large call centre in Gurgaon with a capacity of 2,000 seats.

Yamaha MotorsYamaha Motors is the 100 per cent subsidiary of Yamaha Motor Company Ltd of Japan.Yamahaannounced an investment of US$ 22 million in itsIndian operations.The investment is targeted towardsbetter quality and after sales support.

YKK India Pvt LtdYKK India Pvt Ltd is the 100 per cent subsidiary of YKK Japan. It operates in over 50 countries withmore than 200 factories. It has a factory located at Bawal and produces a large range of zippers andcaters to large Indian market of garments, footwearand exporters.

DOING BUSINESS IN HARYANAObtaining approvals

An indicative list of approvals with timeframe for setting up business in Haryana

Department Timelines

Environment § Site/environment clearance: 60 days§ No Objection Certificate to establish: 7 days§ No Objection Certificate to operate: 21 days§ Renewal of consent: 30 days

Industries § Letter of intent/industrial licence: 15 days§ Permanent registration as SSI: 7 days§ Grant benefit of sales tax concessions: 90 days

Incentives § Sanction at local level: 30 days§ Sanction at Head Quarter/ state level: 45 days

Medical and Health § Drug Licence: 30 days

Electricity § Loads up to 20 KW: 36 days§ Loads up to 70 KW: 66 days§ Loads above 250 KW : 90 days§ Load above 1 MW: 105 days

Revenue § Allotment of Plot: 30 days§ Change of Industrial Land: 30-60 days

HSIDC/ HFC § Sanction of loan : 30-45 days§ Allotment of plot in industrial areas: Off the shelf

Source: Government of Haryana, PwC research

HARYANA PAGE 31

Cost of setting up business

An indicative table on cost of setting up business in Haryana

Indicator Value (in US$)

Industrial land (per sq mt) 28.7 - 67

Office space rent Gurgaon : 0.31 - 0.74(per sq ft per month)

Residential rent 287 - 478(for a 2,000 sq ft house, per month)

5-star hotel room (per night) 80.4

Electricity (per kWh) Commercial & Industrial : 0.096

Water (per 1000 litres) Commercial & Industrial : 0.096

Source: PwC researchNote: Exchange rate used is INR 47 per US$

Contact for information

State Government WebsiteWeb www.haryana.nic.in/

Haryana State Industrial Development Corporation(HSIDC)Haryana State Industrial Development Corporation is the nodal agency to promote large and mediumindustry and overall growth in the state. It is the first state level financial institution to become an ISO 9002 certified company. Its primary functionsare as follows:

n Identification and promotion of large scale businessn Providing financial assistance in terms of long term

loans, equity and long term capitaln Contributing to the infrastructure support of the

businessn Performing agency functions on behalf of the

governmentn Providing merchant banking services

Haryana State Industrial Development Corporation

Plot No 13-14Sector-6, PanchkulaHaryanaTel +91 172 2590324, 2590475Fax +91 172 2590352Email hsidc@chd.nic.inWeb www.hsidc.nic.in/hfi.htm

Confederation of Indian Industry (CII) Information on markets and opportunities forinvestment in Haryana can be obtained fromConfederation of Indian Industry which works withthe objective of creating a symbiotic interfacebetween industry and government.

Confederation of Indian Industry Northern Region

Block No 3, Dakshin MargSector 31-AChandigarh 160 030Tel +91 172 2602365 / 2605868 / 2607228Fax +91 172 2606259Email ciinr@ciionline.org

Confederation of Indian Industry State Office

Plot No 249-FUdyog ViharPhase IV, Sector 18Gurgaon 122 015Tel +91 124 5014071Fax +91 124 5014070Email harish.kerpal@ciionline.orgWeb www.ciionline.org

The India Brand Equity Foundation is a public-private partnershipbetween the Ministry of Commerce & Industry, Government of India andthe Confederation of Indian Industry.The Foundation’s primary objective

is to build positive economic perceptions of India globally.

India Brand Equity Foundationc/o Confederation of Indian Industry

249-F Sector 18Udyog Vihar Phase IV

Gurgaon 122015 HaryanaINDIA

Tel +91 124 501 4087, 4060 - 67 Fax +91 124 501 3873Email ajay.khanna@ciionline.org

Web www.ibef.org