Haryana trade and commerce

Haryana trade and commerce

Haryana is a key destination of manufacturing part of auto manufacture sectors. Haryana is a preferred destination for auto majors and auto-component manufacturers. The state is host to many large automotive players.

Gurgaon has emerged as a preferred destination for the IT industry in North India, with more than 400 IT and ITeS companies.

Haryana state aggressively promotes organic farming; financial assistance is provided to farmers for production and use of vermicomposting. The state government approved US$ 9.48 million for minor irrigation systems until January 2016.

Abundant availability of raw materials gives Haryana a competitive advantage in the textile sector. The total cotton production in Haryana during FY 2015-16 was around 2.6 million bales.

Department of Industries and Its role in Trade and commerce

The Industries & Commerce Department, Haryana, is responsible for the development of industrial sector in the State. It functions as the nodal department to promote industries and to facilitate the entrepreneurs in setting up of Industries in the State. The role of the department is promotional and that of a motivator. Potential entrepreneurs are advised regarding availability of land, procedure for allotment of land, conversion of land use, incentives and concessions available to the industry, pollution control and other clearances required and facilities available from other Government departments / agencies. It is also the nodal department of the State for implementation of Central Government policies relating to the manufacturing and commerce. To that end, it is responsible for provision of a policy framework, facilitation and advisory services for ease of starting businesses drive the industrial infrastructure. Development for provision of developed land for the industrial ventures and coordinates with various related government departments (i.e. Commercial Taxes, Labor, Town & Country Planning, Pollution Control Board etc.) for various clearances and enforcement of the regulatory requirements.

Haryana trade and commerce policy

In the trade and commerce policy , the Government has introduced self-certification and third-party verification where a government panel would be made available and other permissions would be time-bound. The new policy is also designed to tackle the ramifications of the exit of the CST and the introduction of the GST across the country.

A new system of online clearances will be put in place by creating an e-biz Haryana portal starting from October 1. The Government has identified 68 most critical services for industries, which will go online on eBiz portal by December 31 2017.

Haryana Enterprise Promotion Board (HEPB) will be created and the Board will have a Governing Council headed by him and comprises Cabinet Ministers for overseeing time bound clearances, sanctioning special packages for mega projects and clearing further policy initiatives.

Under the policy, the state has been divided into four categories of Development Blocks viz. A, B, C and D for incentive support.  The State Government has proposed to provide power tariff subsidy at a rate of Rs two per unit only for Micro and Small Enterprise in ‘C’ and ‘D’ category blocks for 3 years from the date of release of electricity connection.

Apart from this, there will be Global Economic Corridor along Kundli–Manesar–Palwal Expressway for theme clusters- tourism, entertainment etc.

The status of existing industries for the benefit of existing industrial units and to minimize pending litigations, all the departments especially Excise and Taxation, Industries, Labour, Environment, Power etc. will bring out of court settlement schemes within a period of three months. And, all the Policy proposals will have to be notified by concerned department in one month from the date of release of this policy.

 

Haryana new industrial policy

  1. Haryana government rolled out new industrial policy — Enterprises Promotion Policy 2015 — aiming to attract investments of over Rs 1 lakh crore.
  2. The policy aims to create four lakh jobs and proposes fiscal incentives of Rs 1,000 crore for upcoming large and MSME units in the state.
  3. The new policy was announced by Haryana Chief Minister Manohar Lal Khattar envisaging ease of doing business, enhancing competitiveness of the industry, laying special focus on manufacturing and services enterprises, especially balanced regional growth and MSMEs.
  4. The new policy aims at attracting investments of over Rs 1 lakh crore, create four four lakh jobs and accelerate economic growth to eight per cent plus.
    5. To attract new investments, the state government announced a Financial Incentives and No Enhancements Scheme (FINE) which would make industries competitive where steps would be taken to reduce cost of doing business.
    Incentives amounting to about Rs 1,000 crore have been proposed for both large and medium and MSME units and for thrust areas or focus sectors, rural functional clusters, defense/aerospace/railway sectors and extremely backward blocks (D-category) in particular. The state government has also announced to give employment generation subsidy wherein Rs 36,000 per annum for scheduled castes and women and Rs 30,000 per year for general category for 5 years for capacity building of persons belonging to Haryana

New policy will catalyse Haryana’s position as a pre-eminent investment destination and facilitate balanced regional and sustainable development supported by a dynamic governance system and wide scale adoption of innovation and technology. It will also lay emphasis on skill development for nurturing entrepreneurship and generating employment opportunities

New policy will make doing business ‘Nirbaadh’ that is hassle free through a new industrial regime by automatic approval and decentralization in Haryana.

There would be a two tier system for project clearances wherein a Haryana Enterprise Promotion Board (HEPB) will be created.

 

Limitation of trade and commerce plans: –

Haryana Vat is governed by the Haryana Value added Tax Act, 2003. A dealer can take registration under Haryana Vat Act and Central Sales Tax Act, 1956 simultaneously or separately. Casual Dealer can take registration if they import into or sell goods in the state for a period not exceeding thirty days at a time.

 

Various projects to promote MSME:-

Various projects for the promotion of micro, small, and medium enterprises (MSMEs) in the state.

These included four new quality marking and testing centre for mechanical electrical and plastic products in Faridabad, for mechanical products in Bahadurgarh and Hisar and for plywood, mechanical products and tool and dyes in Jagadhari at a cost of Rs 58 crore.

Setting up of 25 mini clusters at Barwala, Faridabad, Sonipat, Panipat, Kaithal, Gurugram, Rohtak, Jhajjar and Ambala at a cost of Rs 110 crore.

An amount of Rs five crore would be released within a week as compensation for the land acquired by the State Government for the drainage of treated water by CETP Plant set up for dying industries of Panipat..This would help the units set up in Sector-29 to get rid of the problem of water logging.

  Recent Developments of trade and commerce plan:-

The bjp led government makes different type of development plan to promote the industries of Haryana. Mr Banwari Lal, Minister of State for New and Renewable Energy, Government of Haryana has announced that the state will offer 90 per cent subsidy to solar water pumps of 2 horsepower (HP), 5 HP and 10 HP in the current financial year.

Amazon, the Seattle-headquartered e-commerce company that operates an online marketplace, has opened its 22nd and largest fulfilment centre in Sonipat, Haryana.

Indian Prime Minister Mr Narendra Modi and French President Mr François Hollande have announced the National Institute of Solar Energy (NISE) in Gurgaon, Haryana as the headquarter for the International Solar Alliance (ISA), which is a partnership of solar-resource rich countries, with 121 countries across Africa, Southeast Asia and Europe having agreed to become members of ISA.

Walmart India Private Limited plans to open its chain of stores in Haryana, while Micromax also has plans to set up a mobile handset manufacturing unit in the National Capital Region.

China’s Dalian Wanda Group plans to invest US$ 10 billion to build an industrial zone in Haryana, India.

Final Destination for Haryana PSC Notes and Tests, Exclusive coverage of HPSC Prelims and Mains Syllabus, Dedicated Staff and guidence for HPSC Exams HPSC Notes brings Prelims and Mains programs for HPSC Prelims and HPSC Mains Exam preparation. Various Programs initiated by HPSC Notes are as follows:- For any doubt, Just leave us a Chat or Fill us a querry––

Hope we have satisfied your need for HPSC Prelims and Mains Preparation

Kindly review us to serve even better


HPSC Mains Test Series 2020

20 Quality mock tests and GS Mains Notes

Mains Test Series and Notes

Mains Printed Notes (With COD)


HPSC Prelims Test Series 2020

24 Quality mock tests and GS Prelims Notes

Prelims Test Series and Notes

Prelims Printed Notes (With COD)

Get Haryana at Glance: Complete Haryana GK (History, Geography,Polity and Economy) in Just Rs 332/- Click Here to Get PDF

[jetpack_subscription_form title=”Subscribe to HPSC Notes” subscribe_text=”Never Miss any HPSC important update!” subscribe_button=”Sign Me Up” show_subscribers_total=”1″]

error: Content is protected !!