The draft industrial policy of Haryana state aims to attract ₹1 lakh crore investment, generate 5 lakh jobs and establish the state as a favoured investment destination, achieve export diversification and provide livelihood opportunities to its people through resilient economic development. It also seeks to double the exports to Rs 2 lakh crore.
The policy plans to revalidate at least 100 State statutes (acts, rules and guidelines) and make them more suitable to investors, build supply chain facilities and infrastructure across 22 districts.The draft industrial policy of Haryana state aims to attract ₹1 lakh crore investment, generate 5 lakh jobs and establish the state as a favoured investment destination, achieve export diversification and provide livelihood opportunities to its people through resilient economic development. It also seeks to double the exports to Rs 2 lakh crore.#
To boost investment, the state has identified seven thrust sectors -- auto, auto components and light engineering; agro-based, food processing and allied industry; textiles and apparels; electronics system design & manufacturing; defence and aerospace manufacturing; pharmaceutical and medical devices; as well as chemical and petrochemicals.
The policy is currently being given final touches and is scheduled to be released later this month, according to a news agency report. It is expected to propose regulatory reforms in land, labour and institutional mechanism.
"The policy emphasises the need for a balanced regional growth across the state. This would be strategised through fiscal and non-fiscal interventions that assist dispersal of the industry to the industrially backward areas of the state and infrastructure-led geographical dispersal driven by mega projects and industrial corridors," according to the draft policy.
It seeks to provide critical support to micro, small and medium enterprises (MSMEs) for enhancing productivity, quality and market access and promoting the entrepreneurial spirit.
The draft policy aims at promoting cluster development, regulatory easing and provision of attractive fiscal incentives for the future growth of the MSME sector.
Further, it lays emphasis on district level investment promotion and facilitation and three-tier grievances redressal committees to address industrial disputes and grievances.
Key infrastructure projects in the pipeline include Integrated Hisar Aviation Hub, KMP Economic Corridor, IMT Sohna, Global City Gurugram and a Multi-Modal Logistics Hub at Narnaul.
Fibre2Fashion News Desk (DS)
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