I am an investor looking to set up a unit in Gurugram, what incentives does the state investment promotion policy offer?

Detailed Legal Analysis

The state investment promotion policy is operationalised through Haryana Rent Control Act 1973 and offers fiscal and non-fiscal incentives in Gurugram. The Punjab and Haryana High Court has held that incentives promised in a notified policy create a legitimate expectation binding on the state.

You must register under the single-window portal and obtain a unique application number for tracking approvals. Capital interest subsidy, reimbursement of stamp duty and power subsidy are available to qualifying large and mega projects.

Employment-linked incentives are given for recruiting local domicile candidates as per the policy. The state guarantees time-bound clearance, and delay can be escalated to the empowered committee.

Any withdrawal of incentive without notice is challengeable before the Punjab and Haryana High Court.