CM Saini Aims To Establish Haryana As Startup Hub

Haryana chief minister Nayab Singh Saini has said the government is committed to establish the state as a startup hub.

In a meeting with startup entrepreneurs, Saini said, “the government is making concerted efforts to position Haryana as a key player in the national startup ecosystem, in line with the goals of the Make in India and Startup India initiatives.”

As per PTI’s report, quoting the CM, “the initiative is designed to boost economic growth and generate employment opportunities for the youth, positioning Haryana as a distinguished hub of innovation and entrepreneurship in the country.”

He further added that the number of startups in Haryana should triple. 

“Today, Haryana is the most preferred state for startup incubators, investors, and various stakeholders in the startup ecosystem in the country. The non-stop government of the state has no shortage of funds. With new innovations, the promising youth of the state will move forward and bring glory to the state,” Saini said in an X post.

The CM added that the state government is planning new schemes to promote startups in the upcoming 2025-26 budget. “These initiatives will be designed to offer the youth guidance and access to funding, enabling them to establish their own businesses.”

For the 2025-26 state budget, the Haryana government is actively seeking suggestions from citizens, industrialists, and other stakeholders through consultation meetings to ensure the budget promotes inclusive development and benefits every section of society. 

Saini also invited startup entrepreneurs to share their ideas, assuring them that their inputs would be considered in the budget. “Based on these suggestions, new schemes will be devised to boost the number of startups in the state,” he said.

He added that in line with Prime Minister Narendra Modi’s vision of transforming India into a developed nation by 2047, the government’s priority is to position Haryana as a developed state. 

The state government is already providing various incentives through policies aimed at fostering industrial growth and development, Saini noted. 

The Haryana CM also highlighted that startups hold significant potential to boost the growth of traditional industries.

In recent years, the Indian startup ecosystem has expanded beyond traditional business hubs like Bengaluru, Delhi NCR, and Mumbai, with tier II and III cities emerging as new hotbeds for entrepreneurship and innovation.

According to Inc42’s Annual Funding Report 2024, Hyderabad, Pune and Chennai emerged as frontrunners in the growing startup hub race. While Hyderabad claimed the top spot on the back of the total number of deals secured since 2014 (at 384+), Pune and Chennai secured second and third places, with 382+ and 379+ deals, respectively. Interestingly, with $4.7 Bn+ each, Pune and Chennai outranked Hyderabad in terms of total funding, which has been able to net $3 Bn+ since 2014.

Some of the other top emerging startup hubs identified in the Inc42’s latest report included Ahmedabad, Jaipur, Kolkata, Indore, Kochi, Chandigarh and Vadodara. Overall, the top 10 emerging startup hubs have secured a total funding north of $15.5 Bn in more than 1,570 deals since 2014.