CHEMICAL AND PETROCHEMICALS
Chemical and Petrochemicals
Key Sector Highlights
- Haryana is home to various chemical manufacturing and trading establishments.
- The Panipat Refinery (IOCL) situated at Panipat is the 2nd largest refinery in South Asia.
- The Indian Oil Refinery at Panipat offers a significant scope for the development of downstream industry for which a petrochemical hub/ plastic parks may be developed by private sector participants.
- The Chemicals sector in the State grew at a CAGR of over 12% over the 10 years between 2007-08 and 2017-18.
Key Sector Incentives
| INCENTIVE | DETAILS |
|---|---|
| SGST Subsidy | Upto 100% of net SGST Reimbursement for upto 10 Years |
| Employment Generation Subsidy | Subsidy upto INR 48,000/- per year per employee for 7 years |
| Interest Subsidy | 6% on term loan for upto 7 years upto INR 20 Lakh |
| Stamp Duty Refund | Upto 100% refund of stamp duty |
| EDC Charges | Upto 100% reimbursement of External Development Charges |
| Electricity Duty Exemption | 100% Exemption from payment of Electricity duty for upto 20 years |
Investment Opportunities
- Haryana State Industrial and Infrastructure Development Corporation Limited (HSIIDC) has developed Food Parks at Rai in District Sonepat and at Saha in District Ambala
- A Mega Food Park Project is also being developed at Industrial Estate Barhi in District Sonipat
- A Mega Food Park is proposed at IMT Rohtak
- Opportunities to setup non-hazardous chemical manufacturing units.
- Lot of investment opportunities around the Panipat refinery for downstream petrochemicals industry.
- Opportunities for Ethanol manufacturing units for blending it with Petrol under Ethanol Blended Petrol (EBP) Programme.
Foreign Cooperation Department is responsible for the Haryana’s diplomacy, forging bilateral and multilateral ties at the international level, and assisting Haryanvi diaspora spread across the globe. The department has the mandate to promote Haryana as the most preferred destination for foreign investments in India, to advance Haryanvi culture, and to increase the welfare of the Haryanvi diaspora by furthering their interests through diplomacy, advocacy, and assistance. The Department strives to enhance the socio-economic welfare of the State and its people by establishing the State as a hub for industries, education, skill development, and tourism.
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