Haryana is one of the states in the country
that is located at a prime location with geographical benefits from all sides.
There are 29 state highways and 15 national highways passing through the state.
Along with this, several industrial corridors, the western and eastern freight
corridors, economical zones and huge lands available for industrial plots in
Haryana makes the state an ideal destination for investment. The demand for
advanced logistics and warehousing infrastructure has increased in recent
times. The economic corridors namely the Delhi-Mumbai Industrial Corridor
(DMIC), Amritsar-Kolkata Industrial Corridor (AKIC) and eastern peripheral
corridors are resulting in investing regions and big-ticket infrastructure
projects.
The upcoming industrial zones and
industrial areas (Faridabad-Palwal Industrial Area) are focused to set up
logistic units in the Gurugram-Faridabad belt. The development of Multi-modal
logistics infrastructure has become a strong prospect in Haryana. Further, the
well-connected network, land transport system and dense railway route network
which is highest amongst the northern states offers several opportunities to
attract the investors.
The state enjoys the prestige of being one of the leading logistics hubs in the country. This includes a total of 9 inland container depots (ICD’s), 9 private freight terminals and 3 container freight stations. Haryana has around 33 functional logistics and warehousing related units handling approx.10 lakh TEU (Twenty-Foot Equivalent Unit) of container traffic. The industrial sector growth, especially in consumer durables & FMCG segment has been adversely affected by the implementation of GST. The government of Haryana has anticipated this change well before and has proactively focused on developing advanced sector-specific logistics infrastructure for FMCG. There are available land and plots for sale in Haryana that is kept for export-oriented sectors like agro-products (rice/basmati, automobiles, electric machinery, cotton, fibre, and textiles.
There are various fiscal incentives that
are introduced for the new and expanded logistics and warehousing units. As per
the Logistics, Warehousing and Retail Policy 2019, the capital subsidy includes
financial assistance at the rate of 25% of the fixed capital investment subject
to a maximum of 5 crores (INR) for warehousing, 15 crores (INR) for logistics parks
and 25 crores (INR) for Integrated/Multi-Modal logistics parks. While the
interest subsidy includes financial assistance in the form of interest
subvention at the rate of 5% on loan is taken to meet working capital requirements
subject to a maximum of 30 lakhs (INR) for warehousing, 60 lakhs (INR) for
logistics parks and 1.5 crores (INR) for Integrated/Multi-Modal logistics parks.
Many other incentives are initiated by the government to promote the logistics
sector.
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