Blog

EPP 2015 was lauched to position Haryana as an investment destination and facilitate balanced regional and sustainable development supported by a dynamic governance system, wide-scale adoption of innovation & technology, and skill development for nurturing entrepreneurship and generating employment opportunities.

 To further pursue the same objective and to provide a renewed focus on making factors of production more cost-effective and to further ease the regulatory burden on the industry HEEP 2020 has been introduced by Government of Haryana.

 

 

THRUST SECTORS

After a detailed analysis of geographical advantages, skill base of labour, available resources and manufacturing capabilities, the State has identified the following seven thrust sectors

 1. Auto, Auto Components & Light Engineering

2. Agro-based, Food Processing & Allied Industry

3. Textile and Apparel

4. Electronics System Design & Manufacturing (ESDM)

5. Defence and Aerospace Manufacturing

6. Pharmaceutical & Medical Devices

7. Chemical and Petrochemicals

8. Large Scale Energy and Data Storage

 

HEEP 2020 PROVIDES FOLLOWING DEFINITIONS

 

Ultra-Mega Project: Iconic Project having minimum Fixed Capital Investment of

·          INR 6,000 crore in A Blocks

·          INR 4,500 crore in B Blocks

·          INR 3,000 crore in C Blocks

·          INR 1,500 crore in D Blocks

 

Mega Project: Project having minimum Fixed Capital Investment (FCI) of

·          INR 200 crore in B Blocks,

·          INR 100 crore in C Blocks

·          INR 75 crore in D Blocks.

 

Large Enterprise

Investment in P & M greater than INR 50 crore and turnover greater than INR 250 crore.

   

Medium Enterprise

Investment in P & M or Equipment does not exceed INR 50 crore and turnover does not exceed INR 250 crore

 

Small Enterprise:

Investment in P & M or Equipment does not exceed INR 10 crore and turnover does not exceed INR 50 crore.

 

Micro Enter

Investment in P & M or Equipment does not exceed INR 1 crore and turnoverand turnover does not exceed INR 5 crore

 

START-UP

An entity shall be considered as a Startup:

i. Upto a period of ten years from the date of incorporation/ registration, if it is incorporated as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008) in India.

  ii. Turnover of the entity for any of the financial years since incorporation/ registration has not exceeded one hundred crore rupees.

  iii. Entity is working towards innovation, development or improvement of products or processes or services, or if it is ascalable business model with a high potential of employment generation or wealth creation.

  Provided that an entity formed by splitting up or reconstruction of an existing business shall not be considered a STARTUP