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State govt to woo firms moving out from China

By Staff Reporter

GUWAHATI, May 6 - With companies from countries like the US, Japan and South Korea reportedly contemplating to shift their production base from China, Assam Government is trying to cash in on the opportunity by offering them attractive offers including land.

As part of its effort to woo them, the State Government has already vouched for setting up of a Japanese Industrial Township to attract investment from Japanese industries.

Industry Minister Chandra Mohan Patowary while talking to mediapersons also said that the government is ready to offer land for setting up of such industries.

�It is going around that many American, Japanese and Korean companies are contemplating to shift their production facilities from China to India. To woo these companies, we have already taken up the matter with the Department for Promotion of Industry and Internal Trade (DPIIT), Invest India, Japan External Trade Organization (JETRO), US-India Business Council and US Chamber of Commerce to facilitate and advise those companies to set up their production facilities in Assam as the State has strategic locational advantage, vast natural resources, besides robust industrial infrastructure and reliable connectivity etc,� Patowary said.

He further divulged that the Industries and Commerce Department has engaged world renowned firm Ernst & Young (E&Y) to study and assess the impact of lockdown on the industrial sector in Assam and suggest policy framework to attract industries who are planning to move out of China.

He also informed that the Industries and Commerce Department is also in touch with DPIIT and JETRO for setting up of a Japanese Industrial Township.

Patowary also informed that the State Government has requested the Centre to consider Assam as one of the three places in the country where bulk pharma parks would be set up to reduce the reliance on China.

The Centre has decided to set up three mega pharma parks in the country. �Indian pharmaceutical companies are primarily dependent on China for raw materials. Now that the Centre has decided to set up the mega parks to reduce the dependency on the neighbouring country, the Chief Minister through a letter has asked the Centre to set up one of the three proposed parks in Assam,� Patowary said addressing media persons here today.

�During COVID-19 pandemic, the potential of pharmaceutical industries have been realised and the Department of Fertilizers, Ministry of Chemicals and Fertilizers has been requested to support the State Government in setting up a bulk pharma park in Assam,� the Minister said.

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