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New industrial policy for NE criticised

By STAFF REPORTER

GUWAHATI, March 28 - The industrial policy recently declared by the Union government for the NE region has, in fact, created a big hurdle for the medium and the large-scale industrial houses in setting up their industrial units in Assam, or, for that matter, in the rest of the NE region, said the Assam State Committee of the All India Professionals� Congress (AIPC) here today.

The AIPC said in a statement that the new industrial policy has proposed to provide Central capital investment subsidy of 30 per cent of the investment in plant and machinery, fixing a ceiling of Rs 5 crore for the purpose.

However, its predecessor, the NEIIPP, had the provision of accommodating all sectors, irrespective of the micro, small, medium and large industries under a provision of 30 per cent incentive with no upper limit for getting benefits.

The NEIIPP was hence able to attract investors like the Sun Pharma, Patanjali Ayurvedics, Hindustan Unilever, Ajanta Pharma Ltd, Star Cement, Century Ply, Dabur India, etc, creating thousands of jobs and providing employment to the local job seekers, said the AIPC.

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New industrial policy for NE criticised

GUWAHATI, March 28 - The industrial policy recently declared by the Union government for the NE region has, in fact, created a big hurdle for the medium and the large-scale industrial houses in setting up their industrial units in Assam, or, for that matter, in the rest of the NE region, said the Assam State Committee of the All India Professionals� Congress (AIPC) here today.

The AIPC said in a statement that the new industrial policy has proposed to provide Central capital investment subsidy of 30 per cent of the investment in plant and machinery, fixing a ceiling of Rs 5 crore for the purpose.

However, its predecessor, the NEIIPP, had the provision of accommodating all sectors, irrespective of the micro, small, medium and large industries under a provision of 30 per cent incentive with no upper limit for getting benefits.

The NEIIPP was hence able to attract investors like the Sun Pharma, Patanjali Ayurvedics, Hindustan Unilever, Ajanta Pharma Ltd, Star Cement, Century Ply, Dabur India, etc, creating thousands of jobs and providing employment to the local job seekers, said the AIPC.

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