Powering ahead

India Investment Journal May Edition, State Focus
A proactive, business-friendly government, great location and sound macro fundamentals are powering Haryana’s economic surge.

This is not the kind of news that makes for banner headlines. So, it was no surprise to find the news on Gurugram, the commercial capital of Haryana, getting an International Arbitration Centre (IAC) buried in the inside pages of most newspapers.

The city, part of the National Capital Region (NCR) and till recently known as Gurgaon, will be the second Indian city after Mumbai to get an IAC. The Punjab and Haryana High Court, whose approval is necessary, has given its consent and sent the proposal to the Haryana government.