New EV policy will make Haryana a global manufacturing hub and create 25,000 jobs: Deputy CM

Haryana has joined the league of states that have developed an electric vehicle (EV) policy. The state launched the policy earlier this year and hopes to secure investments worth thousands of crores, which in turn will create thousands of jobs. In an exclusive chat with Business Today, Haryana Deputy CM Dushyant Chautala spoke about the nuances and features of the new policy. “Haryana is coming up with a special policy for electric vehicles and major auto companies have already planned their electric vehicle manufacturing units and various components used in such vehicles in the state,” he said.

This policy, he said, will increase the sources of state revenue and also help to reduce pollution. “We expect to earn around Rs 1,110 crore every year due to the growth of EV industry in Haryana. Expected revenue includes SGST of Rs 250 crore from charging stations, multiplier effect of Rs 167 crore and land sale of Rs 260 crore in addition to other functions and collections,” he said.

Chautala said he was optimistic that the policy would make EVs affordable and that the government’s coordinated efforts would “turn Haryana into a global hub for EV manufacturing, major EV components and batteries.”

The deputy CM also talked about other transformational policies which he believes will attract more investment into the state – these are the logistics warehousing and retail policy.

“Earlier, Haryana had propagated a special policy for logistics, warehousing and retail. We have seen huge warehouses of companies like Flipkart coming to Haryana. of aero defense manufacturing. There has been significant growth in GST, excise and revenue collection over the last 3 years and we have pushed various transparency measures as well to stop all sorts of leaks and expectations,” the Deputy CM said.

Through a new electric vehicle policy, the state government’s goal is to convert 100% of the state transit company-owned bus fleet to electric buses by 2029, phasing out all fossil fuel-based commercial and logistics fleets, vehicles in Gurugram and Faridabad by 2024 and all cities by 2030.

The policy set the goal of converting all forms of government vehicles – including those of corporations, councils and government ambulances etc. – in electric vehicles by 2024.

Under the new policy, the government has listed many incentives for investors, Capital Grant of Fixed Asset Investment (FCI), 5-25% of Fixed Asset Investment up to a maximum from Rs 15 lakhs for micro industries, 20% of fixed capital investment up to a maximum of Rs 40 lakhs for small and 50 lakhs for medium industries.

The Logitics, Warehouse and Retail policy has been implemented with the aim of creating at least 5 logistics parks across Haryana with the participation of the private sector by 2023. generating employment to the tune of 25,000 new jobs,” Chautala said.

Speaking of boosting growth and investment in the state, the Deputy CM said the state has strengthened the investor support system based on industry needs and emerging practices.

“In Gurgaon, we are developing a state-of-the-art global city where we plan to bring the best of multinational companies. This global city will be the first of its kind in the country and will spearhead a new era of pioneering investment schemes of Haryana.The state’s new business and employment promotion policy has a support system for all types of investors.Attractive incentives and reliefs are offered for the creation of units in the economically and industrially backward blocks of the state. The new highways running through the interior of Haryana are becoming new hubs for growth and investment,” Chautala said.

Chautala also spoke about the state of Haryana’s economy and said that for the past three years, its state has been affected by Covid and faced challenge due to a turmoil of one year farmers. “In fact, we have been the most affected in the last 2-3 years in the country, but Haryana is the first to rebound and Haryana’s economic parameters are now quite satisfactory,” he said. declared.

Comments are closed.