Explained: Haryana’s big push to attract investment, create jobs | Explained News,The Indian Express
Haryana Electric Vehicle (EV) Policy 2022, State Startup Policy 2022 and Data Centre Policy 2022 were the three major policies approved by the state government on Monday.
Haryana government Monday approved three major policies aimed at attracting investments and creating more jobs while being focused at the ease of doing business. A look at these policies and what they plan to achieve.
Haryana Electric Vehicle (EV) Policy 2022
Incentives for industry: Numerous financial incentives to EV manufacturers include 100 per cent reimbursement of stamp duty along with exemption in electricity duty for a period of 20 years.
For 10 years, they will get 50% net SGST reimbursement. Further, manufacturing companies of EV components, EV battery, charging infrastructure etc. will be incentivised with capital subsidy.
Mega industry will get capital subsidy at 20% of fixed capital expenditure (FCI) or Rs 20 crore; large industry will get subsidy of 10% of FCI up to Rs 10 crore. For medium industry, it will be 20% of FCI up to Rs 50 lakh, and for small industry, 20% of FCI up to Rs 40 lakh and for micro the cap is 25% of FCI up to Rs 15 lakh.
Rating: 5