North East asks to revise NEIIPP to focus on micro, small sectors

June 19, 2012

North Eastern states have insisted on “revision” of the centre sponsored North East Industrial and Investment Promotion Policy (NEIIPP), 2007 to shift attention from heavy industry to micro and small scale sector. As per the North East Industry Ministers’ Forum (NEIMF) there is a constraint of availability of land for big investment in the North Eastern states. NEIMF has demanded the Centre to form MSME (Micro, Small and Medium Enterprises) Bank to finance business endeavors of 1^st generation entrepreneurs in the region. NEIMF held that the next Assam Industrial Policy (the current policy will expire in 2013) would be focused on micro and small sector. In the last 5 years pharmaceuticals, cement, hotels and resorts, plastic based industry, power plants and healthcare sector have attracted big investment proposals for the region.