NE gets 391 industrial units under North East Industrial Development Scheme

STAFF REPORTER

GUWAHATI: The Empowered Committee of North East Industrial Development Scheme (NEIDS) today granted registration to 105 new industrial units in the Northeast. With this, a total of 391 new industrial units with a proposed investment of Rs 2631.19 crore have been granted registration under NEIDS. Most of the industrial units are for Assam.

The empowered committee thus considered all applications recommended for registration by the state governments concerned up to October 31, 2021.

To promote industrialization in the Northeast and to boost employment and income generation, the Centre notified NEIDS on April 12, 2018. It received proposals for the setting up of industries of diverse sizes in the region.

The total incentives envisaged by these 391 industrial units amount to Rs 1740.06 crore with a projected employment generation of 15,987.

The Centre formulated the schemes based on suggestions received from State governments, industry associations and other stakeholders. The Scheme covers both the manufacturing and service sectors.

The Government of India delegated powers for processing and approving of the claims to the State governments. It is to expedite the release of incentives to the industrial units.

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