The BJP-led Haryana government today rolled out new industrial policy -- Enterprises Promotion Policy 2015 -- aiming to attract investments of over Rs 1 lakh crore.
Besides, the policy aims to create four lakh jobs and proposes fiscal incentives of Rs 1,000 crore for upcoming large and MSME units in the state.
The new policy was announced by Haryana Chief Minister Manohar Lal Khattar here today, envisaging ease of doing business, enhancing competitiveness of the industry, laying special focus on manufacturing and services enterprises, especially balanced regional growth and MSMEs.
The Chief Minister said the new policy approved by the state Cabinet, which met here today, aims at attracting investments of over Rs 1 lakh crore, create four lakh jobs and accelerate economic growth to eight per cent plus.
To attract new investments, the state government announced a Financial Incentives and No Enhancements Scheme (FINE) which would make industries competitive wherein steps would be taken to reduce cost of doing business.
"No enhancement will be charged to allottees of HSIIDC within case of allotments to be made in future," he said in an official release here.
"The fiscal incentives will include VAT refund, stamp duty refund, interest subvention, power tariff rebate, etc. amounting to Rs 1,000 crore and Rs 1,000 crore fund for collateral free loans for MSMEs," he said.
Incentives amounting to about Rs 1,000 crore have been proposed for both large and medium and MSME units and for thrust areas or focus sectors, rural functional clusters, defense/aerospace/railway sectors and extremely backward blocks (D-category) in particular, he added.
The state government has also announced to give employment generation subsidy wherein Rs 36,000 per annum for scheduled castes and women and Rs 30,000 per year for general category for 5 years for capacity building of persons belonging to Haryana, Khattar said.
"New policy will catalyse Haryana's position as a pre-eminent investment destination and facilitate balanced regional and sustainable development supported by a dynamic governance system and wide scale adoption of innovation and technology," he said, adding "it will also lay emphasis on skill development for nurturing entrepreneurship and generating employment opportunities."
He said the new policy will make doing business 'Nirbaadh' that is hassle free through a new industrial regime by automatic approval and decentralization in Haryana.
There would be a two tier system for project clearances wherein a Haryana Enterprise Promotion Board (HEPB) will be created.
