IMC Hisar and Haryana’s New Industrial Policy Push: A Golden Window for Investors
Haryana is entering one of its most aggressive industrial expansion phases in years — and the timing could not be better for investors, manufacturers, and MSMEs evaluating where to set up or scale their next facility.
At the centre of this momentum sits the Integrated Manufacturing Cluster (IMC) Hisar, now moving from planning to execution. Around it, the state government has rolled out a completely re-engineered subsidy architecture — the Make in Haryana Industrial Policy 2026, the Progressive MSME & Export Promotion Policy 2026, and nine sector-specific policies — together reshaping how Haryana courts capital.
At KIP Financial, we work as corporate subsidy consultants helping businesses structure their investment and claim these incentives correctly. Here’s what every investor evaluating Haryana right now needs to know.
IMC Hisar: The Anchor Project
IMC Hisar is one of 12 Integrated Manufacturing Clusters conceptualised by the National Industrial Corridor Development Corporation (NICDC) under the Amritsar-Kolkata Industrial Corridor (AKIC), and it is the first of the twelve to actually begin moving — largely because it sits on government-owned land, which has kept acquisition hurdles low.
Key numbers investors should know:
- Spread: ~2,988 acres, with the first phase covering roughly 1,605 acres
- Investment potential: ₹32,417 crore
- Project infrastructure cost: ₹4,680 crore (a ₹707-crore infrastructure tender has already been floated)
- Employment potential: ~1.25 lakh jobs
- Location advantage: positioned between the Eastern and Western Dedicated Freight Corridors, connected via NH-52 and NH-09, and located next to the newly inaugurated Maharaja Agrasen International Airport, Hisar
- Planned sector zones: metal fabrication and engineering, textiles and apparel, food and agro-processing, defence supply chain, logistics and warehousing, and light manufacturing
Progress has been steady through 2026, with environmental clearances secured for a large share of Phase I land and the Haryana Chief Secretary personally reviewing execution timelines to keep the project on track. Hisar’s existing base of 550+ iron, steel and ferroalloy units — already one of the densest metal-manufacturing clusters in North India — is part of why industrialists from as far as Pune and Coimbatore are now making enquiries with HSIIDC.
The Bigger Picture: Haryana Has Rebuilt Its Entire Incentive Framework
IMC Hisar isn’t happening in isolation. It’s backed by a state-wide policy overhaul that replaces Haryana’s older, geography-restricted incentive model.
1. Make in Haryana Industrial Policy 2026 (Large Enterprises & Mega Projects)
Notified in mid-2026, this policy replaces the earlier Haryana Enterprises and Employment Policy (HEEP) 2020 and scraps the rigid Block A/B/C/D classification altogether. Incentives are now available statewide under a simpler category system — Prime/Focus, Semi-Prime, Intermediate, and Core areas — with the most backward regions receiving the highest support.
Headline incentives:
- Capital subsidy of up to 30% for Mega and Ultra Mega projects in Prime/Focus areas; 5–20% for other Large units depending on area category
- Net SGST reimbursement
- R&D support up to ₹50 crore
- A 50% top-up on incentives already available under central PLI schemes
- 100% stamp duty reimbursement for private industrial park developers (capped at ₹45 crore per park)
- Faster disbursal discipline — 50% of eligible incentives released within 7 working days, the balance within 45 days, with 8% annual interest on delayed payments
- Expansion-friendly: businesses investing just 25% of their existing fixed capital become eligible for fresh incentives
- An AI-enabled Single Window 2.0 system covering approvals, land and incentive processing
The policy targets ₹5 lakh crore in fresh investment and 10 lakh jobs over five years, and it explicitly prioritises data centres, GCCs, electronics, EVs and green manufacturing alongside traditional industry.
2. Haryana Progressive MSME & Export Promotion Policy 2026
Launched by Chief Minister Nayab Singh Saini in Karnal, this policy puts Haryana’s 14–15 lakh registered MSMEs at the center of the state’s growth strategy, with 60 initiatives spanning finance, infrastructure, technology, exports, sustainability and skilling.
Targets: over ₹55,000 crore in manufacturing investment and 5+ lakh new jobs, with exports doubling by 2031.
Under the Haryana Udyam Vikas Mission, MSMEs and exporters in identified thrust sectors can access:
- Capital investment subsidy (roughly 15–30% for small industries)
- Interest subsidy
- Stamp duty reimbursement
- Employment-generation assistance
- Insurance support
- Incentives for testing, automation, AI adoption and R&D
The policy also proposes a State Venture Capital Fund and a Sectoral Credit Guarantee Fund to widen access to institutional, collateral-free financing — plus a Land on Lease policy, a Chief Minister First Exporter Incentive Scheme, and dedicated Haryana Export Centres. Thrust sectors named include automotive and auto components, EVs, aerospace and defence, engineering, pharmaceuticals, medical devices, electronics and textiles.
3. Nine New Sector-Specific Policies
Launched alongside the Make in Haryana Industrial Policy, these give targeted, sector-tuned incentive structures for: toys and sports equipment, textiles and apparel, auto components, footwear, renewable energy, green hydrogen, e-waste recycling, chemicals, and EVs & semiconductors — supplementing the state’s earlier aerospace and defence production policy, which is directly relevant given IMC Hisar’s proximity to the Hisar aviation hub.
A complementary Haryana Agri-Business and Food Processing Policy 2026 rounds out the framework for agro-based investors.
Fresh Momentum: ₹66,870 Crore in New MoUs Signed (August 2026)
The policy overhaul isn’t just paperwork — it’s already converting into signed commitments. On August 24, 2026, on the second day of the ‘Happening Haryana 2.0’ international outreach campaign in Mumbai, the Haryana government signed investment MoUs worth ₹66,870 crore, in the presence of Chief Minister Nayab Singh Saini and Industries & Commerce Minister Rao Narbir Singh. The signings came ahead of the Happening Haryana Global Investors Summit 2027, scheduled for April 5–7, 2027.
Sector-wise breakup disclosed by the Chief Minister:
- Industrial infrastructure — approximately ₹20,000 crore
- Data centres — approximately ₹10,000 crore
- Global Capability Centres (GCCs), renewable energy and other sectors — the remaining balance of the ₹66,870 crore
This builds directly on the momentum from the Make in Haryana Industrial Policy launch in Gurugram on June 1, 2026, where 123 companies signed MoUs worth ₹1.10 lakh crore — 108 of which have already been allotted land, with the Chief Minister noting that roughly 70% of that investment has already moved to the ground.
For investors, the signal is clear: Haryana’s new incentive framework is not sitting on paper — it is actively converting MoUs into land allotments and on-ground project starts at a rapid pace.
Why This Matters Right Now
Three things are converging at the same time:
- A first-mover industrial corridor (IMC Hisar) with land already secured and infrastructure tenders underway
- A simplified, statewide subsidy regime that no longer penalises investors for choosing a “developed” district
- Sector-specific top-ups that can stack with the base policy for eligible industries
For investors, this is the stage where positioning matters most — before land allotment cycles tighten and before thrust-sector quotas fill up. For existing units in Haryana, the expansion-linked incentive triggers under the 2026 policy also mean fresh capital deployed today can qualify for subsidy support that wasn’t available under the old HEEP framework.
How KIP Financial Can Help
As corporate subsidy consultants, we help investors and MSMEs:
- Assess eligibility and optimal categorisation (Large/Mega/Ultra Mega, or MSME thrust-sector status)
- Map the right combination of state and central incentives, including PLI top-ups
- Prepare and file subsidy applications through the Single Window System
- Structure greenfield and expansion projects to maximise capital subsidy, SGST reimbursement, and stamp duty benefits
If you’re evaluating an investment in Haryana — whether near IMC Hisar or elsewhere in the state — this is the right moment to build your subsidy roadmap. Reach out to KIP Financial to discuss how these policies apply to your project.
This article reflects publicly available information on Haryana government policy as of August 2026. Investors should verify current eligibility criteria and application timelines with the relevant state departments or their consultant before proceeding.
Reach Us
Call Us : 8683898080
E-mail Us : sales@kipfinancial.com
KIP Financial Consultancy Ltd.
DSB – 38, Red Square Market, Hisar – 125001 (HR)
Leave a Comment