Haryana targets Rs 1 lakh cr investment and 400,000 jobs from Enterprise Promotion Policy

Govt has identified 31 such industrially backward blocks in the state where it is offering the investor various subsidies

After rolling out the new Enterprise Promotion Policy recently, the Haryana government is targeting to attract an investment of at least Rs 1 lakh cr in the state and generate an additional 400,000 jobs.

The policy, targeted towards bringing in development of the entire state and not just limit it to select pockets, is offering several incentives and subsidies to companies.

While the government has built up a land bank, it will not directly engage in negotiating or acquiring land for an investor.

"We can help an investor to identify the land outside the several plots we have in stock, but the acquirer has to negotiate directly with the land - owner," the state's minister of industries, Captain Abhimanyu told media persons here.

It has identified 31 such industrially backward blocks in the state where it is offering the investor exemption from obtaining 'change of land' clearances and has topped it up with subsidies. For every employment, which is created in these blocks by the investor, the government is offering a subsidy of Rs 30,000 for the general category and Rs 36,000 for people belonging to the scheduled castes.

"These incentive benefits will be given directly to the company", he said.

According to the minister, last year Haryana had attracted an investment anywhere between Rs 20,000-30,000 crore.

He said balanced regional development and ease of doing business is atop the government's agenda to attract investors.

The state's chief minister Manohar Lal Khattar along with Abhimanyu and other government officials was on a visit to West Bengal to attract investment in its upcoming investors' summit.

Khattar said that until now he has spoken to 14 companies having operations in West Bengal discussing deals valued at Rs 5,000 crore.

The companies it has spoken for investment until now include ITC (Rs 600-700 crore), India Power Corporation (Rs 1,650 crore), Vikram Solar (Rs 2,000 crore) and several others.

Khattar is optimistic that this potential invetment figure may scale up after he meets several other investors.