Arunachal Pradesh - Investment and Industrial Policies
Arunachal Pradesh is slowly developing its economy with the objective of improving the quality of life of its people. The task ahead are up hill, the resources available are plenty but the ways and means to achieve the objective through gainful utilization of the resources are not well defined.
Technology has been relegated to the back resulting in stagnation of growth. However, the state has gained much over the years, it is now necessary to consolidate the gains in order to make it sustainable and add new dimension during the comong years, so as to increase household income generation.
Arunachal Pradesh is the largest state among the North Eastern States, having an area of 83743 Sq Km, with a population pf just above 1 million. Through it has successfully launched various socio-economic development programmes and though the literacy rate has also been rising, industrial activity is insignificant. Hence, the need for a well-defined Industrial policy.
The state of Arunachal Pradesh ('the State') is very prone to various types of natural and manmade disasters and is especially vulnerable to earthquakes as it is located in Seismic Zone V. The Government of Arunachal Pradesh ('GoAP') recognizes the need for a proactive, comprehensive and sustained approach to disaster management to reduce the detrimental effects of disasters on the overall socio-economic development of the state. GoAP believes that a policy that articulates its vision and strategy for disaster management in the state is required. In this context the Arunachal Pradesh Disaster Management Authority (APDMA), with a view to provide guidelines to the various entities involved in disaster management in the state to discharge their functions more effectively, has formulated the Arunachal Pradesh Disaster Management Policy ('APDMP' or 'the Policy').
NEDFi has framed the KYC policies, based mainly on RBI's guidelines, incorporating the following key elements
- Customer Acceptance Policy
- Customer Identification Procedure
- Monitoring of Transactions; and
- Risk Management
Arunachal Pradesh is the land of mountains, forests and rivers inhabited by tribal people and the mountainous topography of the state presents an ideal condition for the development of hydro-electric projects. There are five major river basins in the state namely Kameng River Basin, Subansiri River Basin, Siang River Basin, Dibang River Basin and Lohit River Basin. All the major rivers of the State flow in the North-easterly direction and finally drain into the Brahmaputra River. There are many tributaries and distributaries of the said major rivers which also offer suitable sites for the development of hydro-electric power projects.