Subsidy For Warehouse Business In Haryana
Haryana Warehousing & Logistics Policy
Haryana Warehousing & Logistics Policy was implemented in 2019.
Now, Govt. of Haryana has declared Haryana Warehousing & Logistic draft policy 2023 i.e. extended for next 5 years.
Now, Govt. of Haryana has declared Haryana Warehousing & Logistic draft policy 2023 i.e. extended for next 5 years.
Warehousing Business Opportunity in Haryana
1. The warehousing & logistic industry in India is growing at 9% to 10% annually.
2. Development of Logistic Parks, warehousing facilities, Multi model transport hub boost the industry in Haryana.
3. In LEADS 2023 Report Haryana emerged as the “Achievers State”.
4. DMIC & AKIC & KMP Expressway and coverage of 14 Districts under NCR area boost the Trade & Consumption Hubs.
5. Delhi, Hisar, Sirsa upcoming economic corridor is expected to connect with KMP Expressway.
6. Haryana has network of 15 National Highway, 29 State Highway and 9 Inland Container Deport (ICD).
7. Haryana has 33 functional Logistic & Warehousing Units.
8. Attracting Private Logistics & Warehousing Sector Investment of Rs 10,000 Cr.
9. Planning to create 5 Logistic Parks (Minimum Area 25 Acres) with Private Sector Participation in Haryana.
2. Development of Logistic Parks, warehousing facilities, Multi model transport hub boost the industry in Haryana.
3. In LEADS 2023 Report Haryana emerged as the “Achievers State”.
4. DMIC & AKIC & KMP Expressway and coverage of 14 Districts under NCR area boost the Trade & Consumption Hubs.
5. Delhi, Hisar, Sirsa upcoming economic corridor is expected to connect with KMP Expressway.
6. Haryana has network of 15 National Highway, 29 State Highway and 9 Inland Container Deport (ICD).
7. Haryana has 33 functional Logistic & Warehousing Units.
8. Attracting Private Logistics & Warehousing Sector Investment of Rs 10,000 Cr.
9. Planning to create 5 Logistic Parks (Minimum Area 25 Acres) with Private Sector Participation in Haryana.
Type of Warehouses
1. Agro Warehouse
2. Agro Warehouse with Retail Facility
3. Non Agro Warehouse
4. Non Agro Warehouse with Retail Facility
5. Warehouse complex with fixed facilities, moving units, rolling stocks.
6. Open and closed storage, ambient condition storage for transit period.
7. Fulfillment centers and distribution centers setup. Warehousing with Sorting, Grading and Packaging
2. Agro Warehouse with Retail Facility
3. Non Agro Warehouse
4. Non Agro Warehouse with Retail Facility
5. Warehouse complex with fixed facilities, moving units, rolling stocks.
6. Open and closed storage, ambient condition storage for transit period.
7. Fulfillment centers and distribution centers setup. Warehousing with Sorting, Grading and Packaging
Basic Requirement
| Sr. No | Warehouse Type | Minimum Area of Land in Acres | Minimum Access Road Required in Feet |
|---|---|---|---|
| 1. | Agro Warehouse | 2 | 22 |
| 2. | Agro Warehouse with Retail Facility | 2 | 33 |
| 3. | Non Agro Warehouse | 5 | 44 |
| 4. | Non Agro Warehouse with Retail Facility | 5 | 60 |
Logistics
Commercial activity of transportation, storage and distribution for any good and services.
A Logistic Park will be developed on a minimum area of 25 acres with a total investment of at least Rs. 25 Cr. at minimum by 2-lane paved road with min. approach road of 60 feet.
A Logistic Park will be developed on a minimum area of 25 acres with a total investment of at least Rs. 25 Cr. at minimum by 2-lane paved road with min. approach road of 60 feet.
Fiscal Incentives
1. Capital Subsidy
A. Warehousing
Financial assistance @ 25% of the fixed capital investment subject to maximum of INR 5 Cr. for units setting up in C & D Category Blocks.
B. Logistics Park
Financial assistance @ 25% of the fixed capital investment up to a maximum of INR 15 Cr. for developing infrastructure in Logistic Parks for units setting up in C & D Category Blocks
2. Interest Subsidy
A. Warehousing
Financial assistance in the form of interest subvention @ 5% on loan taken to meet working capital requirement subject to a maximum of INR 10 lakhs per year for 3 years
B. Logistics Park
Financial assistance in the form of interest subvention @ 5% on loan taken to meet working capital requirement subject to a maximum of INR 20 lakhs per year for 3 years.
3. Other Fiscal Incentives
Now Logistics & Warehousing unit treated as Industry and such unit can avail (over and above the Haryana Warehouse Policy) the benefits being as MSME unit. Such as
Stamp Duty Refund, Electric Duty Exemptions, Employment Generation Subsidy and other benefits as applicable.
Stamp Duty Refund, Electric Duty Exemptions, Employment Generation Subsidy and other benefits as applicable.
Beneficiaries of Haryana Warehouse and Logistics Policy
| Sr. No. | Beneficiaries | Benefits of Haryana Warehouse Policy |
|---|---|---|
| 1. | Food Grain Storage | Someone who is interested to storage of Food Grains, can construct their own warehouse and take the subsidy benefits under Haryana Warehouse Policy. |
| 2. | Commission Agent | A Commission agent can purchase the products from farmer and store it into the warehouse and sell it when the price of goods is increased. |
| 3. | Farmer | A Farmer can construct warehouse for his own purpose or give the warehouse on rent to the other Farmers and Food Processing Business |
| 4. | Trader | A trader will purchase the products and store it in a warehouse and sell it when the price of goods is increased |
| 5. | Commercial Traders | If you are a commercial Trader, build your own warehouse to store your commercial products and reduce your monthly rental storage expense or sub-let the vacant space to other party for rental income. |
| 6. | Wholesale traders | Those who are doing whole sale business they will store the products in warehouse when the price of goods is decreased and sell it when the price of goods is increased |
| 7. | Retail Traders | Those who are doing retail business they can also store there products on warehouse and sell it when the price of goods is increased. |
| 8. | Storage House | You can build your own Storage or Warehouse under Haryana Warehousing Policy and take the benefits of Subsidy up to Rs. 5.00 Cr. |
| 9 | Food Processing Unit | Those who are having food processing unit can build their own warehouse and use them to store there raw materials and finished Products |
| 10 | Agro Based Industries | Those who are running agro based industries like dal mill, rice mill etc. than they can take the advantage of Haryana Warehouse Policy for construction their own Godown. |
| 11 | Industrial Goods Manufacturers | Those who are manufacturing Industrial Goods, they can store there products in warehouse and sell it when the price is increased. |
| 12 | Transportation | If you are in transportation and logistics business than why take the storage warehouse on lease. Build your own storage warehouse and take subsidy benefits & raise sources of additional income. |
| 13 | Distributors | A Distributor can construct his own warehouse and take the multiple distributionship. |
| 14 | Land Near National Highway Or State Highway | Those who are running agro based industries like dal mill, rice mill etc. than they can take the advantage of Haryana Warehouse Policy for construction their own Godown |
| 15 | Real Estate Agent | Real estate agent can purchase the land and construct the warehouse and take the benefits of rental income. |
| 16 | Brokers | A Broker can aware their known businessman about Haryana warehousing policy and boost his direct business by adding value in his customer base |
| 17 | Property Dealers | A Property dealer can purchase the land and construct the warehouse and take the benefits of rental income. |
| 18 | Builders | A Builder can Build the warehouse and take the benefits of fixed rental income. |
| 19 | Banker | If you’re a banker then you can sell Term Loan with easy terms to your prospective client in warehousing and logistic segment. |
| 20 | Govt. Procurement Agency (FCI/CWC/HAFED/State Warehousing Corporation etc.) | Govt. Procurement Agency can demand the more capacity of food grain storage and can attach the Private investor in Warehousing Sector. |
| 21 | Investors | If you want to invest in a profitable business, you can build your own warehouse and earn monthly rental income by giving warehouse to company who needs warehouse for storing their products. |
| 22 | Third Party Logistics Company | 3PL Company can shift their business in Haryana for taken the benefits of Grants and Incentives. |
| 23 | Logistics Park | Provision of Capital Subsidy up to Rs. 15.00 Cr will attract the Logistic Park Company in Haryana |
| 24 | Supply Chain Management | Supply Chain Management company can take the benefits of this policy for construction their own warehouses. |
| 25 | Online service providers | Fulfillment Centers are also covered under this policy. It will help to on line sellers for set up their own Fulfillment Centers |
| 26 | Packaging Unit | If you are having a packaging unit than you can take the benefits of this policy for creation your own warehouses along with value added services such as Sorting, Grading and Packaging. |
| 27 | Primary Processing Units | If you are having a Primary Processing unit than you can take the benefits of this policy for creation your own warehouses along with value added services such as Sorting, Grading, Processing and Packaging etc. |
For, more information on this scheme you are requested to contact our KIP subsidy helpline on Mail – sales@kipfinancial.com and contact Number – +918683898080.
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