Haryana government offers incentives to the start-ups

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The Haryana government has decided to provide various incentives to the start-ups for setting up their units. Under this, they would be provided rebate of Rs 2 per unit in the electricity tariff besides providing them the facility of loan. Apart from this,  for start-up enterprises by first generation professionally and technically qualified youth who are CA, MBA, B.Tech.,  M.Tech. etc. with five years work experience, no state taxes would be levied up-to a turnover of Rs. three crore or three years, whichever is earlier.

The Haryana Chief Minister Manohar Lal said this while interacting with the media persons after taking round of the Haryana Pavilion at the Make in India Centre (MII), MMRDA Grounds in Mumbai. He was also accompanied by Industries and Commerce Minister Capt. Abhimanyu.

Haryana Chief Minister, Manohar Lal, speaking at Investment Road Show in Mumbai

Haryana Chief Minister, Manohar Lal, speaking at Investment Road Show in Mumbai

Manohar Lal said that Haryana government had received huge investment proposals to the tune of Rs 20,000 crore as various leading companies have offered to invest in different areas. Haryana Chief Minister Manohar Lal, who interacted with investors in Mumbai on Sunday to seek investment for Haryana, said that the areas where investors showed interest included industrial infrastructure, logistics, defence and aerospace manufacturing, renewable  energy, agribusiness and finance, retail, skill development, paints and hospitality.

The CM added that in the earlier road shows held at Delhi, Kolkata and Chennai, entrepreneurs have shown overwhelming response in making investment in Haryana.

The Chief Minister said that he had one-to-one meeting with Chief Executive Officers and heads of various leading companies of Mumbai and all of them had expressed keen interest in making investment and set up their units in the State. He said that the prominent among them were METI, Government of Japan, Jindal Group (JSW Steel), Tech Mahindra, IKEA, Asian Paints, HDFC Bank, ICICI Bank, IL&FS, Hinduja Group, AKIS Group (Russian Company), Tivoli, Ultra Tech and Edelweiss.

The Memorandum of Understanding (MOUs) would be signed with several companies during the Happening Haryana  Global Investors’  Summit–2016 scheduled to be held at Gurgaon on March 7 and 8, 2016 to give final shape to these proposals. He said that considering the overwhelming response shown by the entrepreneurs in the new Enterprises Promotion Policy-2015, Haryana hopes to exceed the target of Rs one lakh crore.

On being asked about the priority areas of investment, the Chief Minister said that the state government’s approach is employment oriented and not sector oriented. Those who offer maximum employment opportunities to the youth of the state have been invited to invest. He said as Haryana is primarily a agrarian state and agri-business was among the top most priorities of the state government, special focus would be laid on inviting agro-based industries. This would also benefit the farmers in a big way, he added.

On being asked to comment on the Make in India week being organized in Mumbai, the Chief Minister described it as a good platform. He said that entrepreneurs of almost all States have come to this event to showcase their strength. He said that this is an era of competition and Haryana is both competitive as well as cooperative.

When asked to comment on as what makes Haryana a perfect investment destination, the Chief Minister said that the State has a locational advantage as it surrounds Delhi from three sides and has close proximity to National Capital Delhi. Apart from this, the State has vigorously implemented the concept of ease of doing business under which all necessary clearances for setting up new industrial units were provided under one roof within maximum 60 days. To ensure that the investors might not face any difficulty, relationship managers have been appointed to assist them.

In reply to another query, the Chief Minister said that special emphasis is being laid on the areas having less industrialization. Therefore, the State has been divided into four pockets – A,B,C,D, the less industrially developed areas have been kept in pocket D. He said that incentives on sale tax and self certification are being given on those areas where the presence of industries is less. He added that Haryana has a robust land bank of about 10,000 acres of land.

Haryana Chief  Secretary D.S Dhesi, Principal Secretary  Industries Devender Singh, Managing  Director   HSIIDC Sudhir  Rajpal and Principal Secretary and Director General, Information, Public  Relations  and  Cultural Affairs Department  Abhilaksh Likhi were also present on this occasion.

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