Haryana Cabinet Extends 2019 Logistics, Warehousing, and Retail Policy amid Development of New Framework

The decision was taken during a Cabinet meeting held in Chandigarh.The 2019 policy, which expired on March 8, 2024, following a five-year tenure, has been extended until December 31, 2024, or until the approval of the new policy, whichever comes first. The move aims to maintain momentum in the retail, warehousing, and logistics sectors, ensuring a seamless transition to the upcoming policy framework.

The 2019 policy has been instrumental in fostering growth and investments in the state’s key sectors. Offering a plethora of financial incentives, the policy was designed to lower operating costs and attract investments. Key incentives under the 2019 framework include: Capital Subsidies: To support infrastructure development.Interest Subsidies: Easing financial burdens for businesses.Stamp Duty and EDC Reimbursements: Reducing costs for land acquisition and external development and Electricity Duty Exemptions: Encouraging energy-efficient operations.

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These measures were complemented by support for capacity-building initiatives, ensuring that the workforce is adequately trained for the logistics, warehousing, and retail sectors.

The primary objective of the 2019 policy is to simplify regulations and processes, enabling smoother operations for businesses in the retail, warehousing, and logistics sectors. The policy emphasizes: Development of Cost-Effective Infrastructure: Creation of high-quality multi-modal logistics hubs, warehousing facilities, and retail-oriented infrastructure.Human Capital Development: Programs aimed at training a skilled workforce tailored to industry needs and Technological Advancement: Promotion of modern technologies to enhance operational efficiency and competitiveness.

The policy also seeks to attract significant private sector investments and foster Public-Private Partnerships (PPPs) to bolster industry and infrastructure projects, thereby creating a robust ecosystem for sustained growth.

The Department of Industries & Commerce is actively finalizing the Haryana Logistics, Warehousing & Retail Policy, 2024, which aims to build on the foundation laid by the 2019 policy. The new framework is expected to address emerging industry trends, strengthen infrastructure, and offer updated incentives to attract greater investments.

The extension of the 2019 policy ensures continuity and stability for stakeholders, while the state gears up for a transformative new policy that is poised to further enhance Haryana’s position as a hub for logistics, warehousing, and retail operations.