Haryana trade and commerce

Haryana Trade and Commerce

Haryana is a key destination of manufacturing part of auto manufacture sectors. Haryana is a preferred destination for auto majors and auto-component manufacturers. The state is host to many large automotive players.

Gurgaon has emerged as a preferred destination for the IT Industry in North India, with more than 400 IT and ITeS companies.

Haryana state aggressively promotes Organic Farming; financial assistance is provided to farmers for production and use of vermicomposting. The State Government approved US$ 9.48 million for minor Irrigation systems until January 2016.

Abundant availability of raw materials gives Haryana a competitive advantage in the textile sector. The total Cotton production in Haryana during FY 2015-16 was around 2.6 million bales.

Department of Industries and Its role in Trade and commerce

The Industries & Commerce Department, Haryana, is responsible for the development of Industrial Sector in the State. It functions as the nodal department to promote industries and to facilitate the entrepreneurs in setting up of Industries in the State. The role of the department is promotional and that of a motivator. Potential entrepreneurs are advised regarding availability of land, procedure for allotment of land, conversion of land use, incentives and concessions available to the industry, pollution control and other clearances required and facilities available from other Government departments / agencies. It is also the nodal department of the State for implementation of Central Government policies relating to the manufacturing and commerce. To that end, it is responsible for provision of a policy framework, facilitation and advisory Services for ease of starting businesses drive the industrial Infrastructure-2/”>INFRASTRUCTURE. Development for provision of developed land for the industrial ventures and coordinates with various related government departments (i.e. Commercial Taxes, Labor, Town & Country Planning, Pollution Control Board etc.) for various clearances and enforcement of the regulatory requirements.

Haryana trade and commerce policy

In the trade and commerce policy , the Government has introduced self-certification and third-party verification where a government panel would be made available and other permissions would be time-bound. The new policy is also designed to tackle the ramifications of the exit of the CST and the introduction of the GST across the country.

A new system of online clearances will be put in place by creating an e-biz Haryana portal starting from October 1. The Government has identified 68 most critical services for industries, which will go online on eBiz portal by December 31 2017.

Haryana Enterprise Promotion Board (HEPB) will be created and the Board will have a Governing Council headed by him and comprises Cabinet Ministers for overseeing time bound clearances, sanctioning special packages for mega projects and clearing further policy initiatives.

Under the policy, the state has been divided into four categories of Development Blocks viz. A, B, C and D for incentive support. The State Government has proposed to provide power tariff subsidy at a rate of Rs two per unit only for Micro and Small Enterprise in ‘C’ and ‘D’ category blocks for 3 years from the date of release of electricity connection.

Apart from this, there will be Global Economic Corridor along Kundli–Manesar–Palwal Expressway for theme clusters- tourism, entertainment etc.

The status of existing industries for the benefit of existing industrial units and to minimize pending litigations, all the departments especially Excise and Taxation, Industries, Labour, Environment, Power etc. will bring out of court settlement schemes within a period of three months. And, all the Policy proposals will have to be notified by concerned department in one month from the date of release of this policy.

Haryana new Industrial Policy

Haryana government rolled out new industrial policy — Enterprises Promotion Policy 2015 — aiming to attract investments of over Rs 1 lakh crore.
The policy aims to create four lakh jobs and proposes fiscal incentives of Rs 1,000 crore for upcoming large and MSME units in the state.
The new policy was announced by Haryana Chief Minister Manohar Lal Khattar envisaging Ease of Doing Business, enhancing competitiveness of the industry, laying special focus on manufacturing and services enterprises, especially balanced regional Growth and MSMEs.
The new policy aims at attracting investments of over Rs 1 lakh crore, create four four lakh jobs and accelerate economic growth to eight per cent plus.
5. To attract new investments, the state government announced a Financial Incentives and No Enhancements Scheme (FINE) which would make industries competitive where steps would be taken to reduce cost of doing business.
Incentives amounting to about Rs 1,000 crore have been proposed for both large and medium and MSME units and for thrust areas or focus sectors, rural functional clusters, defense/aerospace/railway sectors and extremely backward blocks (D-category) in particular. The state government has also announced to give EMPLOYMENT generation subsidy wherein Rs 36,000 per annum for scheduled castes and Women and Rs 30,000 per year for general category for 5 years for capacity building of persons belonging to Haryana

New policy will catalyse Haryana’s position as a pre-eminent Investment destination and facilitate balanced regional and Sustainable Development supported by a dynamic governance system and wide scale adoption of innovation and technology. It will also lay emphasis on Skill development for nurturing Entrepreneurship and generating employment opportunities

New policy will make doing business ‘Nirbaadh’ that is hassle free through a new industrial regime by automatic approval and Decentralization in Haryana.

There would be a two tier system for project clearances wherein a Haryana Enterprise Promotion Board (HEPB) will be created.

Limitation of trade and commerce plans: –

Haryana Vat is governed by the Haryana Value added Tax Act, 2003. A dealer can take registration under Haryana Vat Act and Central Sales Tax Act, 1956 simultaneously or separately. Casual Dealer can take registration if they import into or sell goods in the state for a period not exceeding thirty days at a time.

Various projects to promote MSME:-

Various projects for the promotion of micro, small, and medium enterprises (MSMEs) in the state.

These included four new quality marking and testing centre for mechanical electrical and plastic products in Faridabad, for mechanical products in Bahadurgarh and Hisar and for plywood, mechanical products and tool and dyes in Jagadhari at a cost of Rs 58 crore.

Setting up of 25 mini clusters at Barwala, Faridabad, Sonipat, Panipat, Kaithal, Gurugram, Rohtak, Jhajjar and Ambala at a cost of Rs 110 crore.

An amount of Rs five crore would be released within a week as compensation for the land acquired by the State Government for the drainage of treated water by CETP Plant set up for dying industries of Panipat..This would help the units set up in Sector-29 to get rid of the problem of Water Logging.

Recent Developments of trade and commerce plan:-

The bjp led government makes different type of development plan to promote the industries of Haryana. Mr Banwari Lal, Minister of State for New and RENEWABLE ENERGY, Government of Haryana has announced that the state will offer 90 per cent subsidy to solar water pumps of 2 horsepower (HP), 5 HP and 10 HP in the current financial year.

Amazon, the Seattle-headquartered E-Commerce company that operates an online marketplace, has opened its 22nd and largest fulfilment centre in Sonipat, Haryana.

Indian Prime Minister Mr Narendra Modi and French President Mr François Hollande have announced the National Institute of Solar Energy (NISE) in Gurgaon, Haryana as the headquarter for the International Solar Alliance (ISA), which is a PARTNERSHIP of solar-resource rich countries, with 121 countries across Africa, Southeast Asia and Europe having agreed to become members of ISA.

Walmart India Private Limited plans to open its chain of stores in Haryana, while Micromax also has plans to set up a mobile handset manufacturing unit in the National Capital Region.

China’s Dalian Wanda Group plans to invest US$ 10 billion to build an industrial zone in Haryana, India.,

Haryana is a state in northern India. It is bordered by Punjab to the west, Himachal Pradesh to the north, Uttarakhand to the northeast, Uttar Pradesh to the east, Rajasthan to the south, and Delhi to the southwest. The state has a Population of over 28 million people and a land area of 44,212 square kilometers. The capital of Haryana is Chandigarh, which is also the joint capital of Punjab.

Haryana is a major agricultural state. The main crops grown in the state are wheat, rice, sugarcane, cotton, and maize. The state is also a major producer of milk, meat, and eggs. Haryana has a number of Food Processing industries, including sugar mills, flour mills, and rice mills.

The state has a number of handicraft industries, including handloom weaving, Pottery, and metalwork. The state is also a major producer of marble and granite. Haryana has a number of manufacturing industries, including automobile manufacturing, electronics manufacturing, and pharmaceuticals manufacturing.

The state has a number of mining industries, including coal mining, limestone mining, and sand mining. The state has a number of power Plants, including thermal power plants, hydroelectric power plants, and solar power plants.

The state has a number of real estate companies, which develop residential, commercial, and industrial properties. The state is also a major tourist destination, with a number of historical and religious sites. The state has a number of transport companies, which operate buses, taxis, and trains. The state has a number of warehouses, which store goods for businesses and individuals. The state has a number of wholesale and retail markets, which sell goods to businesses and individuals.

Haryana is a major economic hub in India. The state has a strong agricultural sector, a well-developed manufacturing sector, and a growing service sector. The state is also a major tourist destination. Haryana is a state with a bright future. The state has a number of strengths, including a skilled workforce, a good infrastructure, and a favorable investment Climate. The state is poised to continue to grow and prosper in the years to come.

Here are some additional details on each of the subtopics:

agriculture: Haryana is a major agricultural state. The main crops grown in the state are wheat, rice, sugarcane, cotton, and maize. The state is also a major producer of milk, meat, and eggs. Haryana has a number of food processing industries, including sugar mills, flour mills, and rice mills.
Animal Husbandry: Haryana is a major producer of milk, meat, and eggs. The state has a number of Dairy farms, Poultry farms, and pig farms.
Dairy: Haryana is a major producer of milk. The state has a number of dairy farms, which produce milk, yogurt, cheese, and other dairy products.
Fisheries-2/”>Fisheries: Haryana is a major producer of fish. The state has a number of fish farms, which produce carp, catfish, and other types of fish.
Food processing: Haryana has a number of food processing industries, including sugar mills, flour mills, and rice mills. These industries process agricultural products into food products, such as sugar, flour, rice, and processed foods.
Handicrafts: Haryana has a number of handicraft industries, including handloom weaving, pottery, and metalwork. These industries produce handicrafts, such as textiles, pottery, and metalwork.
Manufacturing: Haryana has a number of manufacturing industries, including automobile manufacturing, electronics manufacturing, and pharmaceuticals manufacturing. These industries produce manufactured goods, such as automobiles, electronics, and pharmaceuticals.
Mining: Haryana has a number of mining industries, including coal mining, limestone mining, and sand mining. These industries extract Minerals from the earth, such as coal, limestone, and sand.
Power: Haryana has a number of power plants, including thermal power plants, hydroelectric power plants, and solar power plants. These plants generate electricity, which is used to power homes, businesses, and industries.
Real estate: Haryana has a number of real estate companies, which develop residential, commercial, and industrial properties. These companies build and sell properties, such as houses, apartments, offices, and factories.
Tourism: Haryana is a major tourist destination, with a number of historical and religious sites. These sites attract tourists from all over India and the world.
Transport: Haryana has a number of transport companies, which operate buses, taxis, and trains. These companies provide transportation services to people and goods.
Warehousing: Haryana has a number of warehouses, which store goods for businesses and individuals. These warehouses provide storage space for goods, such as food, clothing, and furniture.
Wholesale and retail trade: Haryana has a number of wholesale and retail markets, which sell goods to businesses and individuals. These markets provide a place for businesses and individuals to buy and sell goods.

What is trade and commerce?

Trade and commerce is the exchange of goods and services between individuals, businesses, and countries. It is a vital part of the global economy, and it plays a key role in the development of countries.

What are the benefits of trade and commerce?

Trade and commerce has many benefits, including:

Increased economic growth: Trade and commerce can help to increase economic growth by creating jobs, stimulating investment, and boosting exports.
Improved efficiency: Trade and commerce can help to improve efficiency by allowing businesses to specialize in what they do best and by providing access to a wider range of goods and services.
Increased innovation: Trade and commerce can help to increase innovation by exposing businesses to new ideas and technologies.
Reduced POVERTY: Trade and commerce can help to reduce poverty by creating jobs and increasing incomes.

What are the challenges of trade and commerce?

Trade and commerce also faces some challenges, including:

Protectionism: Some countries erect barriers to trade, such as tariffs and quotas, in order to protect their domestic industries. This can limit the benefits of trade and commerce.
Inequality: Trade and commerce can sometimes lead to inequality, as the benefits of trade are not always evenly distributed.
Environmental damage: Trade and commerce can sometimes lead to environmental damage, as businesses may seek to cut costs by using less environmentally friendly methods of production.
Social unrest: Trade and commerce can sometimes lead to social unrest, as workers may be displaced by new technologies or by competition from foreign businesses.

What are the future trends in trade and commerce?

The future of trade and commerce is likely to be shaped by a number of trends, including:

The rise of e-commerce: E-commerce is the buying and selling of goods and services over the Internet. It is growing rapidly, and it is expected to continue to grow in the future.
The rise of emerging markets: Emerging markets are countries that are experiencing rapid economic growth. They are becoming increasingly important in the global economy, and they are expected to continue to grow in the future.
The rise of automation: Automation is the use of machines to perform tasks that were previously done by humans. It is becoming increasingly common in many industries, and it is expected to continue to grow in the future.
The rise of Artificial Intelligence: Artificial intelligence (AI) is a branch of computer science that deals with the creation of intelligent agents, which are systems that can reason, learn, and act autonomously. AI is becoming increasingly powerful, and it is expected to have a major impact on trade and commerce in the future.

What are the implications of these trends for Haryana?

The trends discussed above have a number of implications for Haryana. For example, the rise of e-commerce could lead to increased competition for businesses in Haryana, as they face competition from businesses around the world. The rise of emerging markets could provide new opportunities for businesses in Haryana, as they can export their goods and services to these markets. The rise of automation could lead to job losses in some industries in Haryana, as machines replace human workers. The rise of AI could lead to new opportunities for businesses in Haryana, as they develop new AI-powered products and services.

What can Haryana do to prepare for the future of trade and commerce?

Haryana can take a number of steps to prepare for the future of trade and commerce, including:

Investing in Education and training: Haryana can invest in education and training to ensure that its workforce has the skills needed to compete in the global economy.
Developing infrastructure: Haryana can develop infrastructure, such as roads, railways, and Airports, to improve connectivity and make it easier for businesses to trade.
Promoting innovation: Haryana can promote innovation by providing funding for research and development and by creating a supportive environment for entrepreneurs.
Attracting foreign investment: Haryana can attract foreign investment by creating a favorable investment climate and by promoting its advantages as a business location.

Sure. Here are some MCQs on the following topics:

Agriculture
Which of the following is not a major crop grown in Haryana?
- Wheat
- Rice
- Cotton
- Sugarcane
The main source of irrigation in Haryana is:
- Canals
- Tube wells
- Tanks
- Wells
The main Livestock reared in Haryana is:
- Cattle
- Buffaloes
- Sheep
- Goats
Industry
Which of the following is not a major industry in Haryana?
- Automobile
- Engineering
- Textile
- Electronics
The main industrial area in Haryana is:
- Gurgaon
- Faridabad
- Manesar
- Sonipat
The main export product of Haryana is:
- Automobiles
- Engineering goods
- Textiles
- Electronics
Tourism
Which of the following is not a major tourist destination in Haryana?
- Kurukshetra
- Pinjore Gardens
- Surajkund Mela
- Rock Garden
The main tourist season in Haryana is:
- October-March
- April-June
- July-September
- October-December
The main tourist attraction in Kurukshetra is:
- Mahabharata battlefield
- Brahma Sarovar
- Dwarkadhish Temple
- Sthaneshwar Mahadev Temple
Education
Which of the following is not a major educational institution in Haryana?
- Kurukshetra University
- Maharshi Dayanand University
- Panjab University
- Chaudhary Charan Singh Haryana Agricultural University
The main language of instruction in Haryana schools is:
- Hindi
- English
- Punjabi
- Urdu
The Literacy rate in Haryana is:
- 75.85%
- 80.14%
- 84.53%
- 88.79%
Health
Which of the following is not a major health facility in Haryana?
- PGIMS Rohtak
- Sardar Patel Post Graduate Institute of Medical Sciences, Chandigadh
- Government Medical College, Hisar
- Government Medical College, Faridabad
The main cause of death in Haryana is:
- Heart disease
- Cancer
- Stroke
- Accidents
The Average life expectancy in Haryana is:
- 69.1 years
- 72.3 years
- 75.5 years
- 78.7 years
Transport
Which of the following is not a major airport in Haryana?
- Indira Gandhi International Airport
- Chandigarh International Airport
- Hisar Airport
- Karnal Airport
The main railway station in Haryana is:
- New Delhi Railway Station
- Chandigarh Railway Station
- Ambala Cantt Railway Station
- Rohtak Railway Station
The main road in Haryana is:
- National Highway 44
- National Highway 1
- National Highway 71
- National Highway 73
Sports
Which of the following is not a major sport in Haryana?
- Cricket
- Hockey
- Football
- Kabaddi
The main cricket stadium in Haryana is:
- Feroz Shah Kotla Stadium
- Holkar Stadium
- IS Bindra Stadium
- Chaudhary Bansi Lal Cricket Stadium
The main hockey stadium in Haryana is:
- Major Dhyan Chand National Stadium
- Astroturf Stadium, Panchkula
- Tau Devi Lal Stadium, Gurgaon
- Maharaja Yadavindra Stadium, Patiala
Culture
Which of the following is not a major cultural festival in Haryana?
- Surajkund Mela
- Kila Raipur Rural Olympics
- Navratra
- Holi
The main folk dance of Haryana is:
- Ghumar
- Jhumar
- Bhangra
- Gidda
The main folk song of Haryana is:
- Chaupai
- Dadra
- Thumri
- Kajri
Government
The head of the state of Haryana is:
- The Governor
- The Chief Minister
- The Speaker