New Delhi:The Centre is likely to announce a new industrial policy for the northeastern states ahead of the forthcoming Lok Sabha election for the development of industries in the landlocked region.
Speaking to ETV Bharat on Friday, a senior government official said the process of finalising a new scheme for the development of industries in the NorthEast region is under active consideration of the Department for Promotion of Industry and Internal Trade (DPIIT) and the same would be notified soon.
"The proposed new scheme will help in attracting more investment in the region including Foreign Direct Investment (FDI)," the official said. According to the official, the development happened after Assam Chief Minister Himanta Biswa Sarma called on Union Commerce and Industry Minister Piyush Goyal in New Delhi in January and urged for the same.
During his meeting with Goyal, Sarma urged him to launch the North East Industrial Policy as Assam and the Northeastern region have been witnessing rapid economic growth and it would give an added impetus to the existing efforts.
In the recent past, the Centre has announced several projects and initiatives in health as well as infrastructure for northeastern states. The last North-East Industrial Development Scheme (NEIDS), 2017, expired on March 31, 2022, after which no industrial scheme is currently operational in the region.
"The Commerce Ministry is taking final recommendations from relevant stakeholders for implementing a new industrial scheme for the region," the official said, adding the proposed new scheme will help in attracting more investment in the region including FDI.