Prime Minister Narendra
Modi will inaugurate Assam’s first global investors’ summit which will be held
on February 3-4, 2018 at Sarusajai Stadium in Guwahati. The state government
has also announced tax breaks and incentives just to impress the business world
that it is investment-friendly.
“We have decided to amend the preferential purchase policy,” Assam industry
minister Chandra Mohan Patowary said on Tuesday. “As per the new policy, 25 per
cent reservation will be made for products produced by MSME (micro, small and
medium enterprises) with 20 per cent price preference in all government
Under this policy, Patowary said, Rs 1.2 lakh one-time support will be provided
per seat for setting up a BPO having minimum 100 seats. Similarly, Rs 1.5 lakh
one-time support will be provided per employee for software development,
besides around Rs 2.5 lakh one-time support per employee for research and
development units having minimum 50 seats.
For projects coming up in IT Park, 20 per cent of the land
price will be provided by the government, and for ventures outside IT Park, 50
per cent subsidy will be paid by the government on land purchase, the minister
said. Subsidy of Rs 3 per unit of power will be provided by
the government, he said.
Besides, Patowary said, an incubation centre will be set up at Ambari in
Guwahati under digital start-up policy. “This centre will be open for all
departments. The state government will sign an MoU with the Telangana
government for the execution of the policy,” he said.
The minister further announced that an industrial corridor measuring 160 sq km
will be converted into land bank and new investors will be provided land from
this land bank.
Assam is eyeing to become the hub of sugar production and has announced a sugar
policy, Patowary said, pointing out that the climate in the state is conducive
to sugarcane production. “We had a discussion with representatives of Indian
Sugar Mills Association. There will be one sugar mill in 30 km radius of the
plantation area. Groups like Kothari and Uttam sugar mills have expressed their
willingness to invest in Assam,” he said.