Enterprises Promotion Policy 2015 will make industries competitive by supporting MSMEs: Haryana CM
Updated: Sep 11, 2015 04:57:12pm
New Delhi, Sept 11 (KNN) Dwelling on the Prime Minister’s vision of ‘Make in India’ and ‘Skill India’ campaigns, Haryana Chief Minister Manohar Lal Khattar has said that that Enterprises Promotion Policy 2015 will make industries competitive by reducing the cost of doing business, enhancing productivity, balanced regional growth, and supporting the MSME sector.
He was addressing the gathering of potential investors, diplomats and delegates from India and abroad at the 4th Invest North organised by industry body CII on Thursday to showcase the untapped investment potential of Northern States.
Urging the industry to invest in the state, the chief minister said the objective of the new policy is to position Haryana as a pre-eminent investment destination and facilitate balanced regional and sustainable development supported by a dynamic governance system, wide scale adoption of innovation and technology, and skill development for nurturing entrepreneurship and generating employment opportunities.
He added that a slew of path-breaking reforms and incentives which include an employment generation subsidy of Rs 36,000 per person per year to the industry who employs local youth and VAT subsidy upto 75 per cent to MSMEs will go a long way in attracting and sustaining industry to the state.
Partnered by Department of Industrial Policy and Promotion (DIPP), Union Commerce Ministry, in addition to state governments of Punjab, Delhi, Haryana, Uttarakhand, Uttar Pradesh, Rajasthan and J&K, the ‘CII Invest North’ successfully created a platform for the states to strengthen the business and industry linkages with potential investors.
The state governments showcased their key strengths, investment potential, key incentives, best practices and pro - industry policy initiatives with industry leaders and CEOs with an aim to finalize investment proposals for their respective mega projects in the two days.
The conclave attracted more than 500 potential investors and around 80 delegates and diplomats from 33 countries. The high point of the event were the one-to-one meetings, i.e. B2G and B2B meetings where in industry closely engaged with state governments, explored business opportunities and forged many new partnerships. (KNN Bureau)
He was addressing the gathering of potential investors, diplomats and delegates from India and abroad at the 4th Invest North organised by industry body CII on Thursday to showcase the untapped investment potential of Northern States.
Urging the industry to invest in the state, the chief minister said the objective of the new policy is to position Haryana as a pre-eminent investment destination and facilitate balanced regional and sustainable development supported by a dynamic governance system, wide scale adoption of innovation and technology, and skill development for nurturing entrepreneurship and generating employment opportunities.
He added that a slew of path-breaking reforms and incentives which include an employment generation subsidy of Rs 36,000 per person per year to the industry who employs local youth and VAT subsidy upto 75 per cent to MSMEs will go a long way in attracting and sustaining industry to the state.
Partnered by Department of Industrial Policy and Promotion (DIPP), Union Commerce Ministry, in addition to state governments of Punjab, Delhi, Haryana, Uttarakhand, Uttar Pradesh, Rajasthan and J&K, the ‘CII Invest North’ successfully created a platform for the states to strengthen the business and industry linkages with potential investors.
The state governments showcased their key strengths, investment potential, key incentives, best practices and pro - industry policy initiatives with industry leaders and CEOs with an aim to finalize investment proposals for their respective mega projects in the two days.
The conclave attracted more than 500 potential investors and around 80 delegates and diplomats from 33 countries. The high point of the event were the one-to-one meetings, i.e. B2G and B2B meetings where in industry closely engaged with state governments, explored business opportunities and forged many new partnerships. (KNN Bureau)
Loading...
