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.
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