CENTRE TO SHORTLY REVIVE NR EAST INDUSTRIAL INCENTIVES SCHEME THAT HAS BEEN ON HOLD, SECRETARY, MINISTRY OF DEVELOPMENT OF NORTH EASTERN REGION

CENTRE TO SHORTLY REVIVE NR EAST INDUSTRIAL INCENTIVES SCHEME THAT HAS BEEN ON HOLD, SECRETARY, MINISTRY OF DEVELOPMENT OF NORTH EASTERN REGION

CENTRE TO SHORTLY REVIVE NR EAST INDUSTRIAL INCENTIVES SCHEME THAT HAS BEEN ON HOLD, SECRETARY, MINISTRY OF DEVELOPMENT OF NORTH EASTERN REGION

 

No.PR-57
July 20, 2016
New Delhi
 

CENTRE TO SHORTLY REVIVE NR EAST INDUSTRIAL INCENTIVES SCHEME THAT HAS BEEN ON HOLD, SECRETARY, MINISTRY OF DEVELOPMENT OF NORTH EASTERN REGION
 

Secretary, Ministry of Development of North Eastern Region, Mr. Naveen Verma on Wednesday disclosed that the government was reviving the north east industrial incentives scheme in a bid to woo industry for parking its surpluses in the region in view of its commitment to mainstream the region with the rest of India.
 

Addressing members of PHD Chamber of Commerce and Industry here today, Mr. Verma added that the department concerned would shortly apply for revival of the scheme which has been put on hold due to financial constraints including various other reasons.
 

“Now with new government in place which has already completed two years of governance and that its commitment is to industrialize the northern eastern region so much as also to facilitate and motivate the Indian industry to proactively look towards east to reap its industrial gains, it has become all the more important to realize the potential of northern eastern region with attracting investments into it.  It is in this background that the government would shortly revive the northern eastern industrial incentive scheme”, said Mr. Verma.
 

He also called upon industry to take advantage of the new scheme which would fall in public domain in next few weeks which would have several incentives including those of subsidized interest loans as well as several capital incentives in areas of infrastructure, civil aviation, pharma and industries that have potential to manufacturer and make organic products.
 

The meeting was presided over by the President of the PHD Chamber, Dr. Mahesh Gupta in which its Senior Vice President, Vice President and Secretary General Mr. Gopal Jiwarajka, Mr. Anil Khaitan and Mr. Saurabh Sanyal among others were present.
 

Ends.

Koteshwar Prasad Dobhal
Consultant (PR)