To attract more investors in the state, an investor friendly State Industrial Policy 2008 was launched.
The Highlight of the State Industrial Policy 2008:
•   Investors will be encouraged to invest in the state with 100% equity ownership for a period of 50 years by the end of which such equity holding shall be reviewed if considered necessary to do so.
•   Outside investors shall be allowed to hold land on lease for a period of 50 years, after which the lease may be renewed further.
 |
| - Shri Dorjee Khandu Chief Minister, Government of Arunachal Pradesh |
•   State government shall provide 99% Sale Tax (VAT)/EntryTax exemption for Industries in case of entry of Plant & Machineries, raw materials and sales of finished products in the local market for a period of 7 years.
•   Liberalization of the issue of Trade License.
•   80% exemption on Stamp Duty
•   Special Incentives for Food Processing Industries as additional State Capital Investment subsidy
@ 20%.
•   Priority clearance for setting up of Large/Heavy Enterprises.
In addition to the above State Fiscal Incentives, the State Government extends the following incentives under North East Industrial & Investment Promotion Policy 2007 (NEIIPP).
•   90% Transport Subsidy (for raw & finished Goods)
•   30% Capital Investment Subsidy
•   3% Interest Subsidy on Work Capital
•   100 % comprehensive Insurance Scheme
•   Tax Holiday in case of Excise Duty and Income Tax etc.
Infrastructural Support to the investors with nominal Lease Rent:
•   13 Industrial Estate and areas in various district of Arunachal Pradesh.
•   One Industrial Growth Centre at East Siang.
•   An Integrated Infrastructure Development Centre is coming up at West Siang district for MSME.
Which are the booming sectors in the region?
Hydro Power, Tourism, Mineral, Horticulture, Agriculture, Food Processing, Industries based on non-timber forest produce: bamboo, cane, medicinal plants/herbs, aromatic grass, tea, etc. are some of the sectors that are doing well.
What is the scope of investment for MSMEs in the power sector?
The Investment opportunities in Power Sector are:
•   Small hydropower capacity upto 10-20 MW. (Can avail central/ state fiscal jncentives)
•   Captive Power Projects.
•   Engineering and Allied Industries (Rolling Mill, Steel etc)
•   Cement Manufacturing Industries
•   Ceramic Insulators Industries for MSMEs like High Tension Insulators (Eg: Pin Insulator, Disc Insulator, Post Insulators)
•   Cable Manufacturing Industries
•   Transformer Manufacturing
Industries.
How big is the Tourism Industry in the State? And what are its future prospects?
The State has tremendous potential in tourism, especially in adventure and eco-tourism. It has a number of wildlife sanctuaries and national parks.
The sector opens up the following investment opportunities-
•   Star Hotels, Budget Hotels, Lodge
•   Construction and management of Tourist Resorts
•   Transport services like Helicopters, small air-craft luxury buses
•   Adventure sports like white water sports/rafting, angling etc.
•   Way side amenities
To tap the potential, a master plan has already been prepared and a separate Engineering wing has been created. The number of tourists are increasing with every year. Data reveals that more than 4,000 foreign tourists & 1.50 lakh domestic tourist visited during last year (2009).
 |
Are the mineral reserves good enough to attract investments in the state?
Arunachal Pradesh is enriched with several mineral occurrences like: Coal, Dolomite, Limestone, Graphite, Marble, Oil & Gas, Lead, Zinc, Quarts etc., occurrences which can be taped and explored commercially. This is a virgin sector where large-scale investments can be made.
What are the prospects of IT sector in the region?
This is an up coming sector which is also an identified thrust sector of the state. The state government is giving more emphasis to IT related developmental projects in the state. Schools and colleges are prescribed to make IT a compulsory subject.
Establishment of IT Park is in pipeline for which we invite private parties to invest in the state under PPP mode.
What is the state doing to exploit emerging market opportunities in the neighboring countries?
State government is pursuing central government to open International trade route through Myanmar. China, and Bhutan to exploit the emerging market opportunities in the neighboring countries.
The World Trade Centre, Mumbai (WTCM) is very much interested in setting up a centre at Itanagar, Arunachal Pradesh.
In view of the high potentiality in international trade, border trade in the following sectors are being proposed-
Indo-China Sector
Kenzamane (Zemithang) in Tawang District, Bumla in Tawang District, Gelling (Kepangla Pass) in Upper Siang District, Kibithoo in Anjaw District, Mechuka (Lalla Pass) in West Siang District, Monigong (Dumla Pass) in West Siang District, Taksing in Upper Subansiri District.
Indo-Myanmar Sector
Pangsu Pass (Nampong) in ChanglangDistrict
Indo-Bhutan Sector
Belting (Namtsering) in Tawang District, Dongshengmangand Bongkharin Tawang District.
| < Prev | Next > |
|---|
