Haryana Trade and Commerce | HPSC Preparation: All subjects - HPSC (Haryana) PDF Download

Haryana serves as a pivotal hub for the manufacturing segment of the automotive industry, attracting both major auto corporations and auto-component manufacturers. Gurgaon, within the state, has become a preferred location for the IT sector in North India, hosting over 400 IT and ITeS companies. Additionally, Haryana actively promotes organic farming, offering financial support to farmers for vermicomposting. The state government allocated US$ 9.48 million for minor irrigation systems until January 2016.
The textile sector in Haryana gains a competitive edge due to the abundant availability of raw materials. In the fiscal year 2015-16, Haryana produced approximately 2.6 million bales of cotton.

Department of Industries and its Role in Trade and Commerce:

The Industries & Commerce Department in Haryana plays a pivotal role in the state's industrial development. It serves as the nodal department, facilitating entrepreneurs in establishing industries by providing guidance on land availability, allotment procedures, land use conversion, incentives, pollution control, and other clearances. Moreover, the department oversees the implementation of central government policies related to manufacturing and commerce.

Haryana Trade and Commerce Policy:

The trade and commerce policy in Haryana introduces self-certification and third-party verification, streamlining processes and ensuring time-bound permissions. An online clearance system, the e-biz Haryana portal, is set to launch, covering 68 critical services for industries. The Haryana Enterprise Promotion Board (HEPB) will oversee clearances, offer special packages for mega projects, and drive policy initiatives. The policy categorizes development blocks and proposes a power tariff subsidy for specific categories.

Haryana New Industrial Policy:

The new industrial policy, Enterprises Promotion Policy 2015, aims to attract investments exceeding Rs 1 lakh crore, creating four lakh jobs. Fiscal incentives of Rs 1,000 crore are proposed for large, medium, and MSME units, focusing on key sectors. Employment generation subsidies are introduced, fostering capacity building for specific demographics. The policy emphasizes ease of doing business, competitiveness, balanced regional growth, and skill development.

Limitation of Trade and Commerce Plans:

Haryana Vat is governed by the Haryana Value Added Tax Act, 2003, allowing dealers to register simultaneously under the Haryana Vat Act and Central Sales Tax Act, 1956. Casual dealers can register for a short period.

Various Projects to Promote MSME:

Several projects aim to promote MSMEs in Haryana, including quality marking and testing centers, mini clusters, and compensation for land acquisition for drainage purposes.

Recent Developments of Trade and Commerce Plan:

Recent developments include Haryana offering a 90% subsidy to solar water pumps, Amazon opening its largest fulfillment center in Sonipat, and the National Institute of Solar Energy in Gurgaon becoming the headquarters for the International Solar Alliance. Walmart and Micromax have plans for expansion, while China's Dalian Wanda Group aims to invest US$ 10 billion in building an industrial zone in Haryana.