The Haryana government released its new industrial policy `Enterprises Promotion Policy 2015' aiming to create more jobs and boost investments in the state.
According to the new policy, the government wants to attract an investment of over Rs.1 lakh crore, create four lakh jobs. It also proposed fiscal incentives of Rs.1,000 crore for upcoming large and micro, small and medium enterprises (MSME) units. Announcing the policy approved by the state cabinet on Tuesday, chief minister Manohar Lal Khattar said the government wants to accelerate the economic growth to 8% plus.
Incentives worth about Rs.1,000 crore have been proposed for both large and MSME units and for thrust areas or focus sectors, rural functional clusters, defence aerospace railway sectors and extremely backward blocks (D-category), he said. The state government announced a financial incentives and no enhancements (FINE) scheme, which would make industries competitive and steps would be taken to reduce cost of operating business.
The government also announced to an employment generation subsidy of Rs.36,000 per year for Scheduled Castes and women, and Rs.30,000 per year for general category for five years for capacity building of Haryana residents, Khattar said.
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