“Haryana’s government has always been proactive in supporting the warehousing industry, which is why the majority of warehousing in the NCR is concentrated in Gurgaon and surrounding areas. Over the last two years, the rise of e-commerce and Q-commerce has driven significant growth in land acquisition for warehousing and logistics. The extension of the policy will ensure this growth momentum continues,” said Mudassir Zaidi, Executive Director, North, at real estate consultancy Knight Frank India.
The Haryana government’s policy aims to simplify regulatory procedures, develop cost-competitive multi-modal logistics, warehousing, and retail infrastructure, and upgrade human capital through initiatives to build a skilled labor pool for these sectors.
The development is backed by incentives like capital and interest subsidies, stamp duty and EDC reimbursements, electricity duty exemptions, and capacity-building support.
“The extension of the Haryana Logistics, Warehousing & Retail Policy, 2019, with its incentives to boost investment in multimodal logistics and warehousing development, will accelerate the mission to build an efficient logistics ecosystem in line with the PM GatiShakti initiative and the National Logistics Policy. These measures will not only strengthen Haryana’s position as a logistics and warehousing hub but also positively impact the logistics efficiency of the country,” said Suresh Kumar, MD, Allcargo Terminals Limited, an Allcargo Group company.“These policy decisions to incentivise investments in logistics infrastructure will set the stage for large-scale private investments in logistics development and enable logistics companies to play a greater role in driving economic growth,” Kumar added.The Logistics & Industrial (L&I) real estate leasing volume for 2024 is projected at 50–53 million sq ft, the third consecutive year exceeding this milestone, driven by the 2020 Production-Linked Incentive (PLI) scheme and robust growth in retail and e-commerce activity.
The Department of Industries & Commerce is currently in the process of notifying the Haryana Logistics, Warehousing & Retail Policy, 2024. The 2019 policy, valid for five years, expired on March 8, 2024. The cabinet has extended the policy until December 31, 2024, or until the final Logistics, Warehousing & Retail Policy, 2024, is approved, whichever comes earlier.
