New policies for MSMEs, pharma sector to boost development in Haryana

CHANDIGARH: The Haryana government approved new policies for Micro, Small and Medium Enterprises (MSMEs) and pharmaceutical sectors on February 4, 2019 to boost the industrial growth and attract investment in the state.

An official release said that the state cabinet has approved the Micro, Small and Medium Enterprises Policy 2019, which aims to create globally-competitive MSMEs in the state.

As per the release, the policy aims to promote balanced regional development through geographical dispersal of industry, increase the competitiveness of the MSMEs through cluster development and adoption of quality manufacturing practices. It facilitate MSMEs in accessing domestic and export markets, provide a conducive eco-system for promotion and growth of MSMEs in the thrust sectors of Haryana. The Cabinet also approved the Haryana Pharmaceutical Policy 2019, which aims to attract investment in the pharmaceutical sector to the tune of Rs 2,000 crore and to generate 25,000 new jobs. The Haryana Pharmaceutical Policy envisages to establish a state-of-the-art Pharma Park at Karnal and develop Haryana into a hub for pharmaceutical manufacturing.

The policy aligns itself with major national initiatives like Make in India, Skill India, Digital India and Start-up India. It takes cognizance of ease of doing business initiatives and reform measures taken by the Central and State governments.