Haryana Cabinet approves extension of Haryana Logistics, Warehousing & Retail Policy, 2019

Policy offers financial incentives to reduce the cost of doing business & promote investment

5 Dariya News

Chandigarh 28-Dec-2024

The Haryana Cabinet, which met under the chairmanship of Chief Minister Sh. Nayab Singh Saini here today, approved the extension of Haryana Logistics, Warehousing & Retail Policy, 2019 along with the schemes notified under it till  the new Haryana Logistics, Warehousing & Retail Policy is notified.

The Haryana Logistics, Warehousing & Retail Policy, 2019 offers various fiscal incentives to reduce the cost of doing business and to promote investments in the logistics, warehousing and retail sector in Haryana. The units are supported through incentives on Investment - Capital Subsidy, Interest Subsidy, Stamp Duty reimbursement, EDC reimbursement, and electricity Duty exemption along with support on capacity building.

The policy focuses on simplification of regulatory laws and procedures for the logistics, warehousing and retail sectors. It aims at creating quality and cost competitive multi-modal logistics and warehousing infrastructure as well as retail-oriented infrastructure, along with promoting human capital development initiatives targeted at the creation of a labour pool skilled for these sectors.

The policy also aims to attract private sector investments as well as PPP investments in logistics, warehousing and retail sectors, apart from creating a strong ecosystem for delivering on big ticket industry and infrastructure projects. It also intends to enhance the upgradation and adoption of modernized technologies in these sectors.

It is worth mentioning that the Department of Industries & Commerce is in the process of getting the Haryana Logistics, Warehousing & Retail Policy, 2024 notified. The 2019 policy was valid for a period of 5 years and expired on 8th March, 2024. The same has been extended by the Cabinet today till 31st December, 2024 or till the time the final Logistics, Warehousing & Retail Policy, 2024 is approved, whichever is earlier.