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KNOW INDIA
Haryana
Economic Infrastructure
Investment Incentives
Policy Framework
Railways,Health,Education

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INDIAN STATE : HARYANA

Investment Incentives

The state is providing multitude of incentives and concessions in order to attract Investment- both domestic and foreign direct investment:

  • Incentives for mega projects in backward areas

    • Mega project with investment of US$ 216.275 billion and above or any project employing more than 500 persons irrespective of investment to be set up in the backward areas would be extended the facility of financial assistance to be quantified at, 50% of the tax paid on the sale of goods produced by such industrial units, under the Haryana Value Added Tax Act 2003 for a period of 7 years from the date of start of commercial production, as Interest Free Loan (IFL) repayable after a period of 5 years from the date of grant of IFL.

    • Exemption from Local Area Development Tax (LADT) for a period of 5 years.

  • Incentives for SSI in Backward Areas

    New SSI units in the backward areas would be extended the facility of financial assistance in the shape of Interest Free Loan to be quantified at, 50% of the tax paid on the sale of goods produced in such industrial units, under the Haryana Value Added Tax Act 2003 for a period of 5 years from the date of start of commercial production to be repayable after a period of 5 years.

  • Incentives for Exporting Units

    In order to boost the exports and enhance competitiveness of exporting units, subsidy up to 1% of the FOB value of exports subject to maximum of US$ 21,708.40 per annum shall be given.

  • Incentives for Food Processing Industries

    • Food Processing Industries except wheat & rice will be considered as seasonal industry and exempted from payment of minimum demand charges for electricity during closer period of more than 3 months.

    • No market fee shall be levied on agriculture and horticulture produce used as raw material by Food Processing Industries with in the State except rice, wheat, mustard oil and cotton.

    • Interest Free Loan at the rate of 75% of the tax paid on the sale of goods produced in such industrial units shall be given under the Haryana Value Added Tax Act 2003 for a period of 5 years from the date of start of commercial production. This would be repayable after a period of 5 years.

    • Charges for Change of land use for food processing units shall be levied @ 50% of normal rates in state declared backward areas.

    • Wines/liquors/Brandy etc. made from 100% fruits produce in the State will be
      exempted from the Excise Duty in backward areas

  • Exemption/Concessions are allowed to the VAT dealers by the State Government

*Incentives and privileges already being enjoyed by units under previous policies shall continue as mentioned in Appendix I to Industrial Policy 2005.

The new scheme of incentives shall be applicable to units coming in commercial production after the commencement of this policy.

Export incentives shall be available to existing units as well.

Incentives and Concessions shall be available only to those units, which do not fall in the negative list given in Appendix III of the Industrial Policy 2005

The list of State Declared Backward Areas is given in Appendix IV of the Industrial Policy

Prestigious Multinational companies operating in Gurgaon

Useful Weblinks

Government of Haryana

Investment Promotion Center, Government of Haryana

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