Chandigarh, March 13: Haryana Chief Minister Nayab Singh Saini held a meeting here on Friday to review the implementation of various incentive schemes under the Haryana Registered Vehicle Scrapping and Recycling Facility Incentive Policy of 2024, which aims to promote the vehicle scrapping and recycling sector.
The meeting emphasized the importance of scientifically and environmentally responsible scrapping and recycling of old vehicles, while also attracting investment and creating new employment opportunities in the state.
During the meeting, Commissioner and Secretary (Industries and Commerce) Amit Agrawal provided details, stating that registered vehicle scrapping and recycling units will be granted industry status and will be eligible for several financial incentives.
Under the Capital Subsidy Scheme, both new industrial units and units undertaking expansion will receive subsidies on capital investment at prescribed rates, which will help reduce the cost of establishing such industries and encourage greater investment in the state.
It was further informed that under the Net SGST Reimbursement Scheme, eligible industrial units will receive reimbursement of a specified portion of the state GST they deposit.
This will provide financial relief to industries and encourage industrial investment, particularly in backward areas.
In addition, under the Park Developers Scheme, financial assistance will be provided for the development of Eco-Parks and Recycling Parks, covering a specified share of the project cost excluding land.
The policy also provides for reimbursement of stamp duty on the purchase or lease of land, which will facilitate the development of modern infrastructure in the sector.
The meeting also placed special emphasis on skill development. It was informed that centers of excellence will be established for skill development, and financial assistance will be provided for conducting specialized training programs in government ITIs, polytechnics, and other training institutions.
The objective is to create a trained workforce for the vehicle scrapping and recycling sector and expand employment opportunities for the youth.
It was highlighted that the effective implementation of these schemes will give a significant boost to the vehicle scrapping and recycling industry in Haryana, while also promoting environmental protection and increasing investment and employment opportunities in the state.