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To lure industries, Haryana government exempts electricity duty

The draft of HEEP has been finalised and will soon be implemented in the state.

Published: 04th November 2020 08:45 AM  |   Last Updated: 04th November 2020 08:45 AM   |  A+A-

Electricity

For representational purposes (File Photo | Reuters)

Express News Service

CHANDIGARH: The Haryana government has decided to give exemption in electricity-duty for 20 years under Haryana Enterprises and Employment Policy - 2020 (HEEP) to attract more industries in the state. Earlier this exemption was applicable only for 10 years.

Haryana Deputy Chief Minister Dushyant Chautala said that apart from this, those industries which will employ local youth will get a subsidy of Rs 48,000 peremployee, per-year for seven years. He further said that special measures are being taken in the direction of providing benefits to investors by giving them a 100 per cent investment subsidy in lieu of State Goods and Services Tax.  

He said that the state government has also planned to give special exemption in this policy to the industries for the management of residues of paddy straw and other crops so that along with being self-reliant in terms of electricity the country and state itself will be pollution-free. The draft of HEEP has been finalised and will soon be implemented in the state.

Chautala, who also holds the portfolio of Industries and Commerce and Labour and Employment Departments said this while presiding over a meeting regarding ‘Haryana Enterprises and Employment Policy - 2020’ with the concerned officers. 

 He said that in the ‘Haryana Enterprises and Employment Policy -2020’ prepared by the Industries and Commerce Department, where on one hand suggestions have been taken from 151 industrial associations of the country, on the other, industrial policies of other states like Gujarat, Maharashtra, Andhra Pradesh, Uttar Pradesh, Telangana, Punjab, and Rajasthan were also studied to formulate the most apt policy for Haryana. The draft policy was uploaded into public domain for about a month so that stakeholders could give their suggestions.



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