Haryana's New Industrial Policy Encouraging For Investors, Says FISME President

New Delhi, Jun 3 (KNN) Terming the Haryana government's newly-launched industrial policy as encouraging, Federation of Indian Micro and Small & Medium Enterprises (FISME) President Rakesh Chhabra has said that the policy would boost investment, exports and jobs in the state.

"One of the key features of the Make-in-Haryana policy is capital subsidies across all industrial zones in the state. Earlier, the state government did not offer capital subsidies, but the new policy provides financial support for both new projects and the expansion of existing units," he said while speaking to KNN.

Haryana chief minister Nayab Singh Saini earlier this week unveiled the ‘Make in Haryana Industrial Policy 2026’ which seeks to attract private investments worth over Rs 5 lakh crore and generate 10 lakh new jobs in the next five years.

In what suggests bullish investor sentiment around the new policy, MoUs worth Rs 1.1 lakh crore were signed on the first day of unveiling of the policy. Some of the companies which have promised to invest in the state include NTF group, Sumitomo Corporation India, Reliance MET City, Star Wire India, Anant Raj Ltd and Welspun One.

The ticket size of potential investments vary from Rs 10 crore to a few hundred crores. While a separate policy for the MSME sector is on the cards and would be brought soon, the new policy has many benefits for the sector including financial support for providing employment.

"For employment, a dedicated portal has been launched under which companies will receive incentives ranging from Rs 1 lakh to Rs 1.20 lakh per employee though we are yet to see the details of it," Mr Chhabra said.

The FISME president highlighted that the budget for export promotion has been doubled in the new policy and incentives such as freight subsidies have been enhanced to improve the competitiveness of exporters.

"In addition, a new research and development (R&D) scheme has been introduced. Under this, both capital subsidies and grants would be provided to companies. Overall, the policy is quite encouraging and should boost investment, employment, exports and R&D," he said.

Talking about details of the policy, Mr Chhabra said that industries can now avail support of up to Rs 40 lakh for the purchase of lab equipment.

The Haryana industrial policy aims to operationalise at least 15 percent of the targeted investments during the policy period. It seeks to increase annual merchandise exports from Rs 1.62 lakh crore in FY25 to Rs 3.24 lakh crore by the end of the policy term.

Haryana contributes about 3.6 percent to India’s GDP despite occupying only 1.3 percent of the country’s geographical area. It recorded a nominal gross state domestic product (GSDP) growth rate of 10.8 percent and real growth rate of 6.8 percent over the past decade.

The state is home to a strong MSME ecosystem, with over 13.18 lakh registered enterprises as of November 2025, including nearly 12.94 lakh micro units, 22,914 small enterprises and 1,756 medium enterprises. These businesses collectively provide employment to more than 58 lakh people.

(KNN Bureau)