What New Industrial Policy is Coming Soon from Haryana Minister?
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Synopsis
Haryana's Industries Minister, Rao Narbir Singh, highlights ambitious plans for industrial growth, including a new industrial policy and the development of Industrial Model Townships. With a significant budget increase, the state is set to transform its industrial landscape, ensuring robust support for sectors like textiles and attracting major investments.
Key Takeaways
- New Industrial Policy: Aimed at enhancing industrial growth in Haryana.
- Budget Increase: Industries Department budget raised by 126% to Rs 1848 crore.
- 10 New IMTs: Development of Industrial Model Townships to attract investment.
- Textile Policy: 'Haryana AatmaNirbhar Textile Policy 2025' to provide Rs 1200 crore subsidy.
- Single Window System: Simplified approval process for businesses.
Gurugram, May 14 (NationPress) Haryana's Industries and Commerce Minister Rao Narbir Singh emphasized that no nation or region can thrive without a robust industrial foundation.
To accelerate industrial expansion within the state, the government has initiated plans to establish 10 new Industrial Model Townships (IMTs). Suitable land has already been earmarked for this initiative. A comprehensive new industrial policy is set to be unveiled shortly, with drafts for various associated policies currently in the works, according to the minister.
He noted that Chief Minister Nayab Singh Saini, who also serves as the Finance Minister, has prioritized the industrial sector in the upcoming budget. The budget allocation for the Industries Department has witnessed a substantial increase of 126 percent, totaling Rs 1848 crore for the current financial year.
Singh highlighted that his primary focus as Industry Minister is to implement significant transformations in the industrial sector over the next five years.
"A new IMT will be established in Mewat, adjacent to Gurugram. Following Manesar, M/s Amprex Technologies Ltd. has expressed interest in setting up operations in Mewat. Of their proposed Rs 7,083 crore investment, Rs 2,460 crore has already been committed by the company. The state government is dedicated to developing Nuh into a well-developed district like others in Haryana," the minister stated.
Furthermore, to foster the textile industry, the state has introduced the ‘Haryana AatmaNirbhar Textile Policy 2025’. This initiative aims to boost textile industries in Panipat, Gurugram, and Faridabad. Under this policy, a substantial subsidy of Rs.1200 crore has been allocated for the industries.
"Regions with a minimum of 10 acres of land and 50 proposed industrial units will be designated as ‘confirmation zones.’ A dedicated portal will be created for investors to upload their documentation. A ‘Single Window System’ has been established in Panchkula to facilitate NOCs for entrepreneurs. Similar systems will be rolled out in other districts to eliminate the need for investors to visit multiple offices for approvals," he added.
Point of View
Haryana's proactive steps in enhancing its industrial sector are commendable. The focus on new policies and substantial budget increases reflects a commitment to fostering growth. The initiatives aimed at supporting sectors like textiles are particularly noteworthy, showcasing the state's determination to adapt and thrive amidst evolving market dynamics.
NationPress
08/06/2025
Frequently Asked Questions
What is the new industrial policy in Haryana?
The new industrial policy aims to boost industrial growth by developing 10 new Industrial Model Townships and providing substantial financial support to the industries, especially in sectors like textiles.
How much has the budget for the Industries Department increased?
The budget for the Industries Department has increased by 126%, totaling Rs 1848 crore for the current financial year.
What are Industrial Model Townships (IMTs)?
IMTs are planned industrial zones designed to facilitate the establishment and growth of industries, providing necessary infrastructure and support.
How will the textile industry be supported under the new policy?
The ‘Haryana AatmaNirbhar Textile Policy 2025’ provides a subsidy of Rs 1200 crore to support textile industries in key regions like Panipat, Gurugram, and Faridabad.
What is the 'Single Window System'?
The 'Single Window System' is an initiative to streamline bureaucratic processes, allowing entrepreneurs to obtain necessary approvals and NOCs without navigating multiple offices.
