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Assam government announces new industrial policy
The BJP-led Assam government has announced a new industrial and investment policy in a bid to boost industrialisation and promote investment in the state.

The prime goal of the new policy mechanism is to attract investors as well as industrialists both domestic and foreign to the state. Himanta Biswa Sarma, the state finance minister, while announcing the rolling out of the policy, on January 19, told media persons that the state government would provide special concession as well as benefits under it to those who will come to the state for setting up industry or investment.

He further informed that the concession would be provided to all the investors and industrialists who would come to invest at least rupees one hundred crore in the state. But the new policy excludes tax exemption facility due to the GST, the minister added. He said that the eligible investors as well as industrialists would get concession in the form of reimbursement.

The Narendra Modi government had discontinued the erstwhile Northeast Industrial and Investment Promotion Policy immediately after taking oath. Since then, Assam has been struggling for a new Industrial Policy.

Sarma said, "Assam has now become the first state of the country which announced a new Industrial Policy after implementation of the GST".

The Assam government has initiated this investment centric policy at a time when it is gearing up for a global investors' summit scheduled to be held in Guwahati on February 3-4. Boosting investment and industrialisation in the state is, reportedly, the main goal of the summit.

In the meanwhile, the state chief minister Sarbananda Sonowal himself took part in a road-show of the summit organised at Singapore a few days ago. There he called upon the investors and industrialists to come and invest in Assam besides inviting them to the auspicious summit. Other ministers of the state, too, have been taking part in the summits' road-shows organised different places across the globe to make the summit a success.

Apart from these, the BJP-led government has taken a few other initiatives like opening of Act East Policy and Skill Development Departments to behove the state for investment besides setting up of an industrial corridor.

Editorial NOTE: This article is categorized under Opinion Section. The views expressed in this article are solely those of the author and do not necessarily represent the views of merinews.com. In case you have a opposing view, please click here to share the same in the comments section.
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