Chandigarh, May 18 (PTI) The Haryana Cabinet here on Monday approved the industrial policy-2026, which targets an investment of Rs 5 lakh crore and 10 lakh jobs and offers incentives to make the state a preferred investment destination for investors.

The cabinet meeting was held under the chairmanship of Chief Minister Nayab Singh Saini.

"Make in Haryana Industrial policy 2026" has been approved by the cabinet, Saini told reporters after the cabinet meeting.

While boosting employment generation, the new policy aims to position Haryana as a leading investment destination.

It aims to attract Rs 5 lakh crore of new investment, generate 10 lakh new jobs and increase the state's exports over the next five years, Saini said.

Saini, who also holds the finance portfolio, said due to its industry-friendly policies, Haryana has emerged as a preferred destination for investors from across the country and abroad.

Massive push for investment, jobs, AI, electronics, exports, and agro-industry marks a new growth pivot for Haryana.

Make in Haryana Industrial Policy 2026 will replace the 2020 policy and will serve as the state's main industrial policy.

The new policy replaces the earlier A, B, C, and D block-based area classification system with a new framework based on core, intermediate, sub-prime, and prime/focus areas.

In the state budget for 2026-27, it was announced that financial incentives would be made available for industrial investment across all blocks. Through this policy, incentives will reach every block of the state, an official statement said.

The policy provides for capital subsidy for new industrial investment, recruitment of youth registered on the Haryana Kaushal Rozgar Nigam portal, and incentives for research and development.

Net SGST reimbursement will range from 30-70 per cent.

Large units will get this benefit for seven years, mega units for 10 years and ultra mega projects for up to 12 years under special packages. Large units will be eligible for capital subsidy of 5-20 per cent, while mega and ultra mega units in prime/focus areas will be eligible for capital subsidy of up to 30 per cent.

To promote local employment, the employment generation subsidy has been increased from Rs 48,000 to up to Rs 1 lakh per employee per year for 10 years.

For women, Scheduled Castes, 'Divyangs', Agniveers, and ex-servicemen, this assistance will be up to Rs 1.20 lakh.

The units hiring through the Haryana Kaushal Rozgar Nigam portal will get reimbursement of both employer and employee EPF contributions.

To ensure timely payments to investors, a provision has been made to pay interest at 8 per cent per annum in case of delay after April 1, 2026.

Provisions have also been made for export promotion and green industries, including carbon credits, renewable energy, green buildings, and zero liquid discharge systems.

Under the main industrial policy, the cabinet approved 10 major industrial policies that seek to operationalise key 'Sankalp Patra' commitments (BJP's poll promises) and the budget announcements through an expansive push in manufacturing, digital infrastructure, emerging technologies, green industry and agro-based economic growth.

The Cabinet also approved the Haryana Electronics System Design and Manufacturing Policy 2026. This policy will promote investment in electronics manufacturing, electronic components and semiconductors in the state.

An electronics manufacturing cluster is being developed over 500 acres at Industrial Model Township, Sohna.

Electronics products made in Haryana will be given preference in government procurement.

A separate policy for the semiconductor sector is also being prepared.

The Cabinet approved the Haryana Pharmaceutical and Medical Devices Manufacturing Policy 2026, which will promote investment in medicines, medical devices, clinical trials, bioequivalence studies and healthcare manufacturing.

The policy aims to attract Rs 10,000 crore of investment and generate 20,000 jobs. Eligible units will receive capital assistance of 20-30 per cent, subject to a maximum of Rs 200 crore per unit, and operational assistance of 50 per cent to 80 per cent, subject to a maximum of Rs 20 crore per year, as per the statement.

The Haryana Toys and Sports Equipment Manufacturing Policy 2026, which was also approved by the cabinet, will promote manufacturing, exports, design, innovation and MSME participation in the toys and sports equipment sector.

Haryana will promote the manufacturing of science, technology, engineering and mathematics-based toys, smart toys, eco-friendly toys and high-value sports equipment.

The Haryana Electronics Waste Recycling Policy 2026 will promote e-waste collection, segregation, recycling, certification and formal recycling systems.

Haryana Global Capability Centres Policy 2026, which was also approved, is in line with the announcement made by the chief minister in September 2025 to bring a dedicated policy for making Gurugram and Haryana the global capital of Global Capability Centres.

Haryana IT/ITeS, AI and Emerging Technologies Policy 2026 will encourage investment and employment in information technology, IT-enabled services, artificial intelligence, blockchain, cyber security, Internet of Things and cloud-based services.

A Global Artificial Intelligence Centre will be set up in Gurugram and the Haryana Advanced Computing Facility will be established in Panchkula.

The cabinet also approved Haryana AVGC-XR Policy 2026, which will promote studios, content creation, intellectual property and skill development in areas such as animation, visual effects, gaming, comics and extended reality.

Three Centres of Excellence will be established in collaboration with institutions of national importance.

Also approved by the cabinet is Haryana Data Centre Policy 2026, which will strengthen the data infrastructure required for artificial intelligence, cloud computing, 5G services and digital governance.

The Cabinet also approved the Haryana Agri Business and Agro Processing Policy 2026, a major step towards increasing farmers' income, promoting value addition in agricultural produce and strengthening the rural economy, the statement noted.

Under the policy, food processing units, cold chain infrastructure, food parks, packaging units, food testing laboratories, and incubation centres will be promoted.

This will strengthen linkages between farmers, FPOs, processing units and markets, and reduce post-harvest losses.

The policy aims to attract investment of more than Rs 5,000 crore and generate nearly 30,000 jobs, the statement added. PTI SUN TRB