Begin typing your search above and press return to search.

CII welcomes Bill on Ease of Doing Business

By Bureau

DIBRUGARH, June 6 - The Assam State Council of CII said it welcomes the introduction of Ease of Doing Business Bill in the State. The decision of the new government to table this Bill on the very first day of the session sends much needed positive signal to all the prospective investors. It also shows the clear intension of the Government working towards the growth and promotion of industries in the State.

Apart from the Single Window Agency Committee, which will be responsible for all clearances, the government�s decision to set up the Assam Bureau of Investment Promotion (ABIP) under the Chairmanship of the Chief Minister of Assam is very much welcomed by the CII. CII is confident that with the introduction of the dedicated Centralized Web Portal where registration of applications will be received and processed online, the industrialization will be faster. The legislation provides specific time limit within which approval has to be given including a provision of �Deemed Clearances� in the event of failure of the Single Window Agency to issue clearances within the prescribed time limit. SBI will be the single e-payment gateway to facilitate online transaction under this portal.

Saumendra Kumar Baruah, Chairman, CII Assam State Council, who is also Director Finance, NRL, said that this will be a significant step towards promotion of industrial activity and growth of the State.

While deliberating in the CII Assam State Council meeting held on here last Saturday for the first time in the city, he said that this legislation will dramatically change the industrial climate in this region and is a very welcome move particularly for the prospective investors for setting up downstream manufacturing activities from products of BCPL.

Next Story