Haryana government's Council of Ministers has approved the Haryana Progressive MSME and Export Promotion Policy 2026, an ambitious policy framework that seeks to mobilize over ₹55,000 crore in manufacturing investments, create more than 5 lakh job opportunities, and double the state's exports in the next five years. The policy aims to make Haryana a technology-intensive manufacturing and export hub while also boosting the competitiveness of micro, small, and medium-scale enterprises (MSMEs).

The new policy comes at a time when MSMEs have emerged as important contributors to the state's industrial development, playing a crucial role in employment generation, exports, and overall economic growth.

The Next Phase of MSME Development

The Haryana Progressive MSME and Export Promotion Policy 2026, approved by Chief Minister Nayab Singh Saini, will provide a slew of benefits to MSMEs, ranging from start-up assistance to financial help, technology upgradation, and export assistance. The new policy will also take effect in the year when the state celebrates its 60th anniversary of statehood.

The government hopes that the policy will not only result in increased investment in industry but also lead to increased productivity, innovation, and competitiveness of Haryana enterprises in the global marketplace.

Vision and Objectives of the Policy

The Haryana Progressive MSME and Export Promotion Policy 2026 has set three primary goals for the next five years:

1. Attracting over ₹55,000 crore in manufacturing investments

2. Generating more than 5 lakh new employment opportunities

3. Doubling the state's exports

The policy's goals are in line with the state's overall industrial development strategy, which focuses on promoting cutting-edge manufacturing, bolstering supply chains, and influencing export-led production.

60 Initiatives to Boost MSME Development

The new MSME policy has a total of 60 initiatives to promote and support MSMEs. Ease of doing business, technology upgradation, digitalization, skill development, innovation, exports, financial assistance, infrastructure development, and other areas will all be prioritized in order to provide end-to-end support to MSMEs.

The government's emphasis on ease of doing business and technology upgradation is likely to have a positive impact on the productivity and competitiveness of MSMEs.

A Strong Emphasis on Export Promotion

The new MSME policy has a strong focus on export promotion. The government's goal to double the state's exports in the next five years will necessitate a paradigm shift in how businesses approach international markets. Apart from that, the government will also provide much-needed institutional support to MSMEs to increase their competitiveness in foreign markets. It is expected that the policy's emphasis on export promotion will result in a significant increase in the number of Haryana-based manufacturers tapping into new markets, as well as an increase in the value of exports.

Boosting Industrial Infrastructure Development

Industrial infrastructure development will get a much-needed boost under the new policy. The state government has proposed to expand the Cluster Plug and Play Scheme and the MSE Common Facility Centre Scheme, which will result in the creation of shared infrastructure, machinery, testing labs, design centers, and other facilities for the benefit of MSMEs. By leveraging shared infrastructure, MSMEs will be able to reduce their operating costs while also being able to access cutting-edge technologies that would have been unavailable to them otherwise.

Promoting Technology and Innovation

The new policy recognizes the critical role that technology and innovation will play in the future of India's manufacturing sector. As such, the government will encourage MSMEs to adopt new technologies in order to increase productivity and produce high-quality goods that are in demand in domestic and global markets. Increased emphasis on digitalization will also help enterprises become more competitive.

Generating Employment Opportunities

The new MSME policy has a strong focus on job creation. Over 5 lakh new jobs are expected to be generated in the next five years as a result of increased investment in the industrial sector. Increased MSME competitiveness will result in the creation of employment in manufacturing, logistics, exports, and related industries. Experts feel that the new policy will result in the creation of significant employment opportunities throughout the state.

Industry Voices Optimism Over New Policy

Industry experts have welcomed the new MSME policy, which they believe will have a positive impact on the state's manufacturing and export sectors. They feel that the policy's emphasis on improving infrastructure and ease of doing business, as well as its export promotion incentives, will result in increased investment in the state's industrial sector.

The new policy is expected to attract a large number of domestic and foreign manufacturers to set up shop in Haryana, thereby boosting the state's economy. Haryana is already home to a slew of major industries, including automobiles, engineering, textiles, food processing, and precision manufacturing. With the new policy, the state is expected to emerge as one of India's leading manufacturing destinations.