Rs 50 crore Export Boost

Notification approved for Rs 25,000 crore investment in pharmaceutical industry by the Haryana Government in March, 2019 remained unimplemented for a couple of months due to code of conduct declared in view of Lok Sabha polls in the country. Talking to media persons, Narender Ahuja, Chief Drug Controller, Haryana, said that immediate action is being taken on this proposal as this would not only boost industrial development in the field of pharmaceuticals in the state but also bring in huge employment opportunities to about 20,000 youths in the State.

According to sources, industry and commerce department has already completed plans in this regard, and State Government has also announced plans to develop a Pharma Park at Karnal with lab facilities that will enable Pharmacy college and university students to undertake research work and obtain not only experience certificate but also financial aid to start their own manufacturing units. The source also revealed that being nearer to capital Delhi and situated on the Delhi-Mumbai rail corridor, Karnal was found to be suitable place for developing a Pharma Park and Haryana state government has assured to provide full support to entrepreneurs who make investment in this proposed project.

Ahuja said that state youths who are qualified in Pharmacy education would be given preference in employment. He said that an annual subsidy of Rs 36,000 each will be given to the industry providing job to females belonging to Schedule Castes, whereas a subsidy of Rs 30,000 would be given in case of jobs provided to females in the general category. According to pharmaceutical policy, government would offer 25% subsidy on machinery to the investors setting up manufacturing units in the State, besides loan facilities from nationalised banks up to Rs 50 lakh on which the interest would be charged on 50% loan amount. According to policy, there would be “single window system” for the investors setting up pharmaceutical industry in the state to deal with all matters promptly and a cluster would be developed to assist entrepreneurs.

According to TC Kansal, President of Haryana Pharmaceutical Association, there are 251 pharmaceutical manufacturing units presently functioning in Haryana state, which include 14 units given manufacturing licenses in past 18 months. He disclosed that as many as 29 fresh licenses were given in this period to manufacture cosmetic products with a total number of 112 units manufacturing cosmetic products in the state. While looking at the available data related industrial development in Haryana in past five years, as many as 62,060 new industrial units with the investment of Rs 33,199.46 crore have been set up in the state providing employment opportunities to nearly 5,68,257 people. Information reveals that Haryana State Government constituted new MSME Policy on February 26, 2019 aiming to prepare state-of-the-art infrastructure to adopt latest industrial production techniques and practices to boost industrial development, increase sources of employment and develop- industrial clusters to enhance quality of production.

While talking to media persons recently Haryana Industries and Commerce Minister, Vipul Goelr said that proposals for local as well as foreign investment for setting industry in Haryana were received in the past due to improved infrastructure. Construction of roads such as the 135 km MP Express Highway has been constructed in the industrial belts of Kundli, Manesar and Palwal in NCR near Delhi. Enterprise Promotion Policy -2015 (EPP-2015) commenced in Haryana state is linked to ‘Make-in-India’, ‘Digital India’ and ‘Skilling India’ campaigns launched by Government of India which attracted new investment in the state due to attractive incentives offered by the government. Besides this, EPP-2015 policy have proved very beneficial especially to Food Processing, IT, ESDM, Start-ups, Textiles, Logistic, Warehousing and Pharmaceutical industries. Due to eco-system policy by the state government’s ‘Haryana Udham Promotion Centre’ (HEPC) introduced in the state on February 2, 2017. The Government also provided different types of 105 industrial clearances including acceptance of proposal, issuing licenses, construction of building, power connection etc under single window system within 30-45 days. Ban on ‘Inspector Raj’ in the state is another benefit to industry owners, which brought fruitful results to bring investment opportunities in the state.

Information also reveals that 33,486 CAF were received by HEPC on ‘Invest Haryana Portal’ after it was launched on February 2, 2017 against which 100% services were provided to 26,280 applicants likely to bring investment up to Rs 4,07,014 crore. According to Director Micro Small Medium Enterprise (MSME) in Haryana at Karnal, two projects for setting Tool Room/ Technology Centres financed by Government of India at IMT Rohtak in 198 nacres area costing Rs 150 crore and Industrial growth centre in 110 acre area costing 100 crore are being set up to be managed by HSIDC to provide training in general engineering and production to nearly 10,000 youths likely to start functioning by the end year 2019.

Union Finance Minister Nirmala Sitaraman has prepared a road map to strengthen industrial economy recently announced a 12 Point programme on norms as per World Trade organization (WTO) norms ‘Remission of Duties or Taxes on Export Products’ (RODTEP) to provide rebate on GST and other duties on exports likely to bring revenue loss to the Government worth Rs 50,000 crore. Government proposes to implement both reformed MEIS and old ROSL schemes by December 31 this year.