New Industrial Policy for North Eastern states for better investments

9 March, 2018

 

Suggestions made by the NITI Aayog has made the Indian government  ton form committee for a new industrial policy for northeastern states, A committee under the chairmanship of Chief Executive Officer (CEO), NITI Aayog consisting of Secretaries of Ministries/ Departments of Development of North Eastern Region, Expenditure, Commerce, Skill Development and Entrepreneurship, Micro, Small and Medium Enterprises (MSME), Textiles, Tourism, Health and Family Welfare, Power and Industrial Policy and Promotion has suggested a roadmap for a new industrial policy for North Eastern States, after consultation with stakeholders, the minister informed.

Union Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region (DoNER), Jitendra Singh said that some ministries are also implementing specific Schemes/Incentives to attract investments in the North Eastern Region such as Ministry of Micro, Small and Medium Enterprises (MSMEs) is operating a scheme for Promotion of MSMEs in N.E. Region.

A new scheme SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-Processing) is being implemented by the Ministry of Food Processing Industries (MoFPI). Under this scheme, grants-in- aid are provided on more concessional terms for the North Eastern States for setting up Mega Food Parks, Integrated Cold Chain and Value Addition Infrastructure etc

Also specific Scheme called North East BPO Promotion Scheme (NEBPS) for attracting investment is being implemented by the Ministry of Electronics & Information Technology.

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