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Subsidy and Incentives Available in Haryana for Logistic Business.
Logistic Policy in Haryana.
After Covid – 19, the demand of Warehousing and logistic is going to increase day by day. Implementation of GST and Increasing the Online buying trends among Consumers boost the warehousing, Logistics and Supply Chain Management Services through the India.
To attract the Investment and Development of Warehousing and Logistic Industry, State of Haryana has made the provision of various subsidies and fiscal incentives for the Investor under “Haryana Warehouse and Logistic Policy”.
We are sharing herewith the Fiscal incentives available for Logistic Business.
So if you doing the logistic business or planning to start it then you should take the advantage of this policy and benefits thereof.
Logistics Covered the Following Business Activities as:
Any commercial activity of transportation, storage and distribution of any Goods or Services shall be known as Logistic Business.
Logistics includes:
Fiscal Incentive available for New and Expanded Units for Warehousing and logistic Business.
Sr. No. | Parameter | Incentives |
Capital Subsidy (Applicable for units setting up in C & D category blocks) | Warehousing: Financial assistance @ 25% of the fixed capital investment subject to maximum of INR 5 Crore. | |
| Logistics Park: Financial assistance @ 25% of the fixed capital investment up to a maximum of INR 15 Crore for developing infrastructure in Logistics park. | |
Integrated/Multi Modal Logistics Park: Financial assistance @ 25% of the fixed capital investment up to a maximum of INR 25 Crore for developing infrastructure in Integrated/ Multi Modal Logistics park. | ||
Interest Subsidy | Warehousing: | |
2. | (Applicable for units | Financial assistance in the form of interest |
setting up in C & D | subvention @ 5% on loan taken to meet working | |
category blocks) | capital requirements subject to a maximum of INR | |
10 lakhs per year for 3 years. | ||
Logistics Park: | ||
Financial assistance in the form of interest | ||
subvention @ 5% on loan taken to meet working | ||
capital requirements subject to a maximum of INR | ||
20 lakhs per year for 3 years. | ||
Integrated/Multi Modal Logistics Park: | ||
Financial assistance in the form of interest | ||
subvention @ 5% on loan taken to meet working | ||
capital requirements subject to a maximum of INR | ||
50 lakhs per year for 3 years. | ||
3. | Stamp Duty | Reimbursement of 100% of Stamp Duty. |
4. | Electricity Duty | 100% of Electricity Duty exemption for a Period of 7 years. |
5 | External Development Charges (EDC) | 50% reimbursement in EDC in C and D category blocks for Warehouses, Logistic Parks and Integrated/Multi Modal Logistics Parks. |
6 | EDC and Commercial License fee (for Warehousing cum Retail category) | Full reimbursement in C & D category blocks. |
7 | Capacity Building Incentives | Re-imbursement to logistics and warehousing units on technical training cost of the worker (mainly in operational, front- line, supervisory roles) subject to a maximum of 50% of the training cost, limited to maximum INR 10,000, which will be provided one time per worker per training program. The training cost can be claimed by the Entrepreneur within 1 year from the date of commencement of commercial production of the Enterprise. The training can be arranged from any Government recognized/approved institution. |
*The incentive is only applicable for workers | ||
With Haryana domicile. | ||
8. | Expanded units | The benefits of this policy will also be extended to the existing units which would make at least 50% additional investment in fixed assets of the original Fixed Capital Investment (FCI). |
So, if you are going to plan any further investment in warehouse and logistic industry then you can plan for above said financial incentives benefits.
For more discussion, you may connect with us at 8683898080
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