30 cos to invest Rs 100 cr in State

Taking advantage of the incentives given by the new North East Industrial Policy (NEIP), several companies have lined up projects to invest in the State. According to available information, about 30 companies have already got their names registered for investment of Rs 100 crore in the State. Of the 30 companies, Emami and Eldorado will invest about Rs 50 crore.

The cosmetics major Emami has decided to expand its existing unit located at Amingaon while Eldorado will set up a new plant in Rangiya with an investment of nearly Rs 20 crore.

It is learnt that several detergent manufacturing companies have also shown keen interest to invest in the State to tap the North East market.

It is learnt that these companies have come forward to invest in the State to avail the incentives provided by the new industrial policy and to harness the North East market. “The North East market is still untapped for which the companies are trying to strengthen their foothold by way of setting up of production units here,” they observed.

Citing reasons for the companies’ keenness to invest in the State, the sources said that the new NEIP has given a lot of incentives to the companies and, therefore, they are keen to explore the situation.

The Indian Chamber of Commerce (ICC), North East chapter, has welcomed the move saying it is a positive sign for the development in the State. Bishwajit Chakraborty of ICC, North East chapter said that after announcement of the new industrial policy several companies have shown keen interest in investing in service and infrastructure sectors. “We have received queries from Thailand and Spain to invest in the region. That is a good sign,” he said, adding that ICC has received over 100 queries from different companies.

The Industry and Trade Fair Association of Assam (ITFAA) observed that a pro-active and aggressive campaign are required to woo investment in the region. “The Mayor of Bouchan City of China wanted to adopt Guwahati as its sister for industrial development, but unfortunately we could not capitalize on the situation,” Rajesh Das of ITFAA said.

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