(a) the total allocation made under the Look East Policy during the current
financial year ;
(b) the manner in which the North Eastern Region benefited from this Policy
during the last three years; and
(c) the details of the short term and long term schemes under the Look East
Policy which can benefit the North Eastern Region?
THE MINISTER OF THE STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI ASHWANI KUMAR)
(a) : Department of Industrial Policy & Promotion has no allocation under the
head ‘Look East Policy’. However, for North Eastern States, there is a special
Industrial Policy dispensation for the overall development of the region.
(b) & (c): The Package for the Industrial Policy for the North-East contains
special concessions such as excise duty exemption, income tax exemption,
investment subsidy, interest subsidy, comprehensive insurance etc.which
are intended to facilitate and hasten the industrial and economic development
of the North-Eastern States.