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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
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*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.
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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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