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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374GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Industrial Policy and Promotion)
NOTIFICATION
New Delhi, the 16th January, 2018
F. No. 8(34)/2017/DBA-II/NER.— The Government had approved a package of incentives and
concessions to promote industrialization and investment in the North East Region including (Sikkim) under
the “North East Industrial and Investment Promotion Policy (NEIIPP), 2007”, which was notified vide O.M.
No. 10(3)/2007/DBA-II/NER dated 01.04.2007. In pursuance of the above policy, Central Capital Investment
Subsidy Scheme has been notified vide Notification No. 10(3)/2007/DBA-II/NER dated 27.07.2007 and
subsequently amended/ amplified vide Notification of even number dated 12.09.2007, 21.09.2007 and
22.11.2016.
2. In partial modification of para 5 of the above notification dated 27.07.2007, it has now been decided
by the Government that the proposals which are eligible for Central Capital Investment Subsidy higher than
Rs.30 crore but upto Rs.500 crore for each individual industrial unit will be approved by the Minister of
Commerce & Industry.
Dr. VANDANA KUMAR, Jt. Secy.
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