Haryana Government yesterday (3 November) rolled out a basket of incentives for industries to attract investments and boost employment opportunities for local youth in the State, reports Economic Times.
The Government announced an exemption of electricity duty on industries for a long span of 20 years under the Haryana Enterprises and Employment Policy 2020 (HEEP). Before yesterday's announcement, the exemption was applicable for a span of 10 years.
The State Government also announced that the industries which will employ local youth will be provided with a subsidy of Rs 48,000 per employee per year for a span of seven years.
Making the announcements, State's Deputy Chief Minister (Dy CM) Dushyant Chautala also shared that the Government was taking special measures to provide benefits to the investors by giving them a cent per cent investment subsidy in lieu of goods and services tax. He also shared that the Government planned to give special exemption in this policy to the industries for the management of residues of paddy straw and other crops.
The policy incentives for industries come at a time when the States are competing to attract investments and boost employment opportunities.
Comments ↓
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.
