Assam - Industrial and Investment Policies
Bamboo has played an important part in the lives of the people of Assam, and has been an integral part of the cultural, social and economic traditions of the State. It is a renewable and versatile resource, and an important component of the wealth of Assam. It grows in the natural forests, and is cultivated in homesteads, groves and on private plantations. It is utilized in many ways, for housing, fencing, functional articles, agricultural implements, basketry, and even fuel and food. People possess traditional skills of working with the material, and knowledge of the cultivation and management of Bamboo. Rattan is also an important natural material for the state of Assam. Building on traditional patterns of usage, it has evolved to become the basis for many artisans and craft persons working on cane furniture and craft products for the market.
North East Industrial and investment promotion policy (NEIIP), 2007 is effective from 1.04.2007. NEIIP, 2007 covered the sates of Assam, Manipur, Nagaland, and Arunachal Pradesh, Mizoram, Meghalaya , Tripura and Sikkim.The Government of Assam has formulated a package of incentives for promotion and setting up industrial units and to promote investment in the State. Incentives will be available to all industrial units, new as well as existing units on their substantial expansion, located anywhere in the North Eastern Region. Consequently, the distinction between 'thrust' and 'non-thrust' industries made in NEIP, 1997 will be discontinued from 1.4.2007. Incentives on substantial expansion will be given to units effecting 'an increase by not less than 25% in the value of fixed capital investment in plant and machinery for the purpose of expansion of capacity/modernization and diversification', as against an increase by 33½ % which was prescribed in NEIP, 1997.
Assam has achieved economic growth of 5.9% during the year 2005-2006 as against the growth rate of 9.2% of the National Economy. Considering the huge backlog suffered by Assam in the economic development, it has to catch up with rest of the country by accelerating economic growth.
Information Technology (IT) occupies a key position in our modern age and is one of the fasted growing sectors in the world economy. Applications of IT have become pervasive, covering all spheres of life. Government of Assam has recognised this fact and has formulated the policy below keeping in mind all facets of IT.
Assam, the largest economy in the North East region of India, is the most industrially advanced state in the region by virtue of its comparatively favorable geographical location and the availability of reasonable infrastructure facilities. The state is rich in natural resources like natural oil and gas, coal, rubber, tea and minerals like granite, limestone and kaolin. It is also known for its vibrant tea and petroleum sectors.
Assam has achieved economic growth of 5.9% during the year 2005-06 as against the growth rate of 9.2% of the National Economy. Considering the huge backlog suffered by Assam in the economic development, it has to catch up with rest of the country by accelerating economic growth. Situated in one corner of the country, the State has to improve physical infrastructure to trigger rapid industrialization.
Information Technology (IT) occupies a key position in our modern age and is one of the fastest growing sectors in the world economy. Applications of IT have become all pervasive, covering all spheres of life. The Government of Assam has recognized this and has formulated this Policy keeping in mind the priorities of the Government and the possibilities that exist in the IT world for achieving those priorities. The State desires to become a leading destination for investment in Information and Communication Technology (ICT) industry and to become a major partner in the Information Economy.