THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY (SHRI E.V.K.S. ELANGOVAN)
(a) & (b) : Setting up of projects and industrial units in a State is primarily the responsibility of the State Government and the Central Government only supplements their efforts for the development of industries.
The Government has announced a new North-East Industrial Policy (NEIP) and other concessions for promoting industrialization in the North-Eastern Region including the State of Assam on 24th December, 1997. Under the NEIP, various concessions have been allowed to industrial units in the North Eastern region, which include development of industrial infrastructure, excise and income-tax exemption and Subsidy Schemes like Central Capital Investment Subsidy, Central Interest Subsidy and Central Comprehensive Insurance Scheme.
During the last six years, 521 projects and industrial units have been set up in Assam and North Eastern States leading to investment of about Rs.1067 crores and employment generation of about 20,000 persons.