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With an aim to attract investment over Rs 1 lakh crore and generate 5 lakh jobs, the Haryana Cabinet Wednesday authorized the Haryana Enterprises and Employment Policy, 2020.
“The policy will focus on building a resilient economy on the back of robust industrial growth. The policy envisages leveraging opportunities arising out of changes in global economic order and align industrial growth in the state with national initiatives such as Atmanirbhar Bharat Mission. The policy takes cognizance of emerging trends in supply chain, electric mobility, agri-tech, green manufacturing and climate change and healthcare and pharma and other new avenues for growth,” a authorities spokesperson mentioned.
To guarantee well timed supply of companies to the traders, 41 new companies will likely be included within the Haryana Right to Services Act, 2014. The Single Window System will likely be additional strengthened with the mixing of extra 36 new companies.
The state has been divided into four classes blocks primarily based on industrial growth. ‘A’ class blocks comprising of the industrially developed areas, ‘B’ class blocks comprising of the areas of intermediate growth, ‘C’ class blocks comprising of industrially backward areas and ‘D’ class blocks comprising of industrially most backward areas. Graded incentives will likely be offered in these class blocks (most in ‘D’ class blocks).
The categorisation now could be ‘A’ category-13 (earlier additionally 13), ‘B’ category-21 (earlier 23), ‘C’ category- 40 (earlier 56), ‘D’ category-66 (earlier 66).
This policy locations a particular emphasis on growth of the MSME sector and their enterprise progress. It envisages mentioning a paradigm shift from being a regulator to a facilitator of MSMEs.
“The state government has undertaken several initiatives to assist the MSME sector in becoming globally competitive. The cluster development, enhancing market linkages and international collaboration, enhancing access to infrastructure and technology, regulatory simplification, infrastructure support and fiscal incentives are envisaged to provide an impetus to the growth of MSME sector in the state and to promote entrepreneurship”, the federal government spokesperson mentioned.
“To reduce the cost of doing business in the state and enhance industry competitiveness , the policy offers an array of attractive fiscal incentives to MSME, large, mega and ultra-mega enterprises, exporting units, thrust sector enterprises, essential sector enterprises, import substitution enterprises and identified service enterprises including but not limited to investment subsidy in lieu of Net SGST, interest subsidy, stamp duty refund, electricity duty refund, employment subsidy and technology acquisition support, among others. Ultra-mega, mega and cluster projects as defined under this policy will also be considered by Haryana Enterprises Promotion Board (HEPB) for special package of incentives,” the spokesperson added.
To additional promote the nationwide motion of ‘Atmanirbhar Bharat’, concession on land worth can also be offered to eligible enterprises supporting import substitution. In assist of micro enterprises for producing employment alternatives for youth at their doorstep in rural areas, the Haryana Gramin Udyogik Vikas Yojna will likely be launched underneath this policy.
The policy additionally presents enhanced incentives to girls and SC-led micro enterprises and start-ups to promote inclusive financial growth within the state.
The policy will take into account auto, auto elements and lightweight engineering, agro-based, meals processing and allied trade, textiles and apparels, digital system design and manufacturing (esgm), defence and aerospace manufacturing, pharmaceutical and medical units, chemical and petrochemicals and huge scale power and date storage as thrust sectors with improve in emphasis and help.
© The Indian Express (P) Ltd
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