DPIIT suggests that companies in the NE states focus on textiles, new businesses, agriculture to attract investments
New Delhi, December 1 () The Ministry of Commerce and Industry suggested that the business community in the northeastern region of the country should focus on sectors such as textiles, new businesses and agriculture, as they have great potential for investments said an official.
The government has implemented the Northeast Industrial Development Plan (NEIDS), 2017 to promote industrialization and job creation in this region.
The government provides financial incentives under the scheme, such as income tax and GST reimbursement.
The Department of Industry Promotion and Internal Trade (DPIIT), under the ministry, organized a symposium and one-day workshop on Saturday in Guwahati to boost investments in this region.
We have suggested that they focus on sectors such as textiles, agriculture and bamboo that have enormous potential to attract investments. There is also room for new companies, the official said, adding that it was not advisable to attract polluting industries from the continent such as cement and steel. to protect the natural ecology of the region.
In the workshop, department officials resolved the operational problems companies face to take advantage of the benefits of NEIDS.
These efforts are intended to promote the ease of doing business and give a boost to the newly created ecosystem in the region. The workshop and symposium will help revitalize demand and supply chains to unlock new business opportunities in these states, the official added.
The workshop was attended by senior government officials from the Center and the states, including Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Tripura, Nagaland and Sikkim. Representatives of national organizations such as the Authority for the Development of the Export of Processed and Agricultural Food Products (APEDA) and industrial associations such as the IIC also participated in the deliberations. RR RVK