Haryana : Industrial Policy
The New Industrial Policy (NIP) formulated by the government has enhanced setting up of new industrial units and has generated large scale employment. 682 new industrial units providing employment to 10,000 persons have been set up with an investment of Rs.230 crore. Dedicated industrial estates like Precision Tools Complex at Rohtak, Footwear Park at Bahadurgarh, Agriculture Implements Cluster at Karnal and Apparel Park at Barhi (Sonipat) have been established. The state’s IT industry is growing rapidly and hence liberal policy has been initiated to further increase software exports. Special attention is being paid to infrastructure needs of services sector including BPO industry, particularly in Gurgaon area. The State Industrial Policy 2005 is based on the following objectives.
Objectives
The following key objectives shall be met through the industrial policy
To reestablish industry as a key driver of economic growth.
To create wealth for the residents of the state and improve the quality of their life.
To generate employment and entrepreneurial opportunities across all sectors of the economy.
To facilitate spatial dispersal of economic activities particularly in economically and socially backward regions of the state.
To ensure sustainable development through investments in key sectors of economy.
Approach to implementation of IP 2005
The State Government intends to realize the objectives of the policy by emphasizing a coordinated development strategy in mission mode approach. While the approach to implementation shall draw upon strengths of the State economy but fundamentals that impinge upon efficient, competitive functioning of enterprises shall be revisited. The strategy shall be:
To develop economic hubs through infrastructural initiatives.
To encourage public private partnership in infrastructure projects.
To focus on economic activities enjoying comparative advantage in the state; in particular development of food processing industry, information communication technology, industry having competitive advantage, and to promote development of frontier technologies.
To promote mega projects with economic spin off potential, particularly in backward regions.
To adopt sector specific approach focusing on incentivising and infrastructural support for synergetic growth of key enterprises.
To develop services sector especially in tourism, transport, education, health care services and financial services.
To focus on development and support to the small and medium enterprise segment.
To enhance export competitiveness and enable CAGR (Compounded Annual Growth Rate) of 20%.
To create investor focused approach in administrative processes, bringing about efficiency, transparency and accountability using modern technological and management solutions.
To strengthen grievance redressal mechanism.
To adopt human resource development by establishing strategic linkages between industry and technical institutions to meet future manpower requirements.
To continue with fiscal reforms and prudent public finance management to release resources for deployment in key public investment areas.
Incentives
In order to attract domestic as well as foreign direct investment and for dispersal of industry to backward areas, the state provides following incentives to the new industrial units:
Incentives for Mega Projects in Backward Ares
Exemption from LADT for a period of 5 years
Incentives for SSI in Backward Areas
Incentives for Exporting Units
Incentives for Food Processing Industries
Areas of Industrial Growth
Agro based and Food Processing Industry.
Electronics and Information & Communication Technology.
Automobiles & Automotive Components.
Handloom, Hosiery, Textile and Garments Manufacturing.
Export Oriented Units.
Footwear, leather garments and accessories.
For Haryana Industrial Policy 2011 Click Here
