Home India Ministry of Commerce and Industry The Government had approved a package of incentives and conc...
Date: 2018-01-18 Category: Extra Ordinary State: Union Government Country: India

The Government had approved a package of incentives and concessions to promote industrialization and investment

Issued by Ministry of Commerce and Industry · DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE

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Executive Summary & Key Takeaways

This notification, dated January 16, 2018, pertains to the North East Industrial and Investment Promotion Policy (NEIIPP), 2007. Specifically, it modifies the Central Capital Investment Subsidy Scheme, initially notified on April 1, 2007, and subsequently amended on September 12, 2007, September 21, 2007, and November 22, 2016. The key change is that the Minister of Commerce and Industry will now approve proposals eligible for Central Capital Investment Subsidy exceeding Rs. 30 crore but up to Rs. 500 crore for individual industrial units. The original policy, O.M. No. 1032007DBAIINER, aimed to promote industrialization and investment in the North East Region, including Sikkim. This notification is issued by the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry. Dr. Vandana Kumar, Joint Secretary, is the contact person.

Key Entities Referenced

North East Region: A geographical region in India, encompassing several states. Sikkim: A state in India, located in the North East Region. North East Industrial and Investment Promotion Policy NEIIPP, 2007: A policy by the Government of India to promote industrialization and investment in the North East Region including Sikkim. Ministry of Commerce and Industry: A ministry of the Government of India. Central Capital Investment Subsidy Scheme: A scheme notified in pursuance of the North East Industrial and Investment Promotion Policy NEIIPP, 2007. Dr. VANDANA KUMAR: Joint Secretary in the Government of India. New Delhi: The capital city of India. Department of Industrial Policy and Promotion: A department under the Ministry of Commerce and Industry.
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