India's Haryana extends Logistics, Warehousing & Retail Policy, 2019

The state’s department of industries and commerce is in the process of getting the Haryana Logistics, Warehousing & Retail Policy, 2024, notified. The 2019 policy was valid for five years and expired on March 8, 2024.

The 2019 policy, which was earlier extended till December 31, 2024, offers various fiscal incentives to reduce the cost of doing business and to promote investments in the logistics, warehousing and retail sector in the state.

Units are supported through incentives on investment like capital subsidy, interest subsidy, stamp duty reimbursement and electricity duty exemption along with support on capacity building.

The policy aims at creating quality and cost competitive multi-modal logistics and warehousing infrastructure as well as retail-oriented infrastructure, along with promoting human capital development initiatives targeted at the creation of a labour pool skilled for these sectors, a release from the state chief minister’s office said.

It also aims at attracting investments in the sectors, apart from creating a strong ecosystem for delivering on big-ticket industry and infrastructure projects.

Fibre2Fashion News Desk (DS)