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Centre resumes Northeast industrial policy, but industry calls it a sham

The policy, after remaining for two years in suspension mode, resumed before only four months before its expiry

Supratim Dey  |  Guwahati 

Though the Centre after the lapse of almost two years has revoked suspension on registration of new units under Northeast Industrial and Investment Promotion Policy (NEIIPP), the industry of the region has termed it as a sham.  The industry is of the view that with just four months left for the expiry of the policy, this revocation of the suspension was more out of compulsion after two adverse court judgements that questioned the suspension. On the top of it, the new notification dated November 22 (which revoked the suspension) has diluted several incentives that were ...

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