Staff Reporter
GUWAHATI, Feb 17 – With improvement of the overall law and order situation, the investment scenario in Assam started looking up and within this calendar year alone, the State Government has received investment proposals worth more than Rs 6,000 crore. However, shortage of land suitable for setting up of mega projects is turning out to be a major problem for the Government in allotment of land to the potential investors.
Talking to The Assam Tribune, Industries and Commerce Minister Pradyut Bordoloi revealed that majority of the proposals received by the State Government in recent times are worth more than Rs 100 crore and the Government has initiated steps to ensure speedy clearance of the proposals.
Bordoloi said that a high power committee headed by the Chief Minister has been set up to examine the investment proposals in detail to ensure that the proposals are not kept pending. The committee, in its first meeting on February 11 cleared proposals worth Rs 1150 crore, which include three cement plants and one distillery. He said that the committee would meet again either in the last part of this month or in the first part of March to examine the detailed project reports of the otherinvestment proposals.
The Minister said that the Government has decided to accord mega-project status to investments worth more than Rs 100 crore and in addition to the incentives offered in the Special Industrial and Investment Promotion Policy ofthe Government of India, the State Government would accord different facilities to such projects as per requirement. He said that the investment proposals received in recent months include setting up of cement plants, paper mills, steel factory etc, while, Pepsi has also shown interest in setting up a plant in the State. He said that the signing of a MoU for the setting up of a paper mill in Matia in Goalpara with investment of Rs 1550 crore is also a positive development and hoped that the State would continue receiving suchinvestment proposals in the days to come.
In addition to formation of the high powered committee, the State Government has already started ensuring “fast track clearance” of the projects and different departments including Pollution Control Board have been given stipulated time to examine the projects to do the needful.
Commenting on the change in scenario, Bordoloi said that overall improvement of the State’s scenario is one of the main reasons because of which the investors have started showing interest in investing in the State, while, the perception of the potential investors on the State situation has also started changing. “The investors must have felt that investing inAssam make economic sense as no major investor would have come to Assam if they felt that it is not economically viable to invest in Assam . We have also created a land bank where all the information of availability of land is available and any investor can have a look on the same before taking the decision to invest in the State,” he added.
Bordoloi, however, said that shortage of suitable land for setting up of major industries is turning out to be a major problem. He revealed that all the industrial land developed bythe Government and its agencies including Assam Industrial Development Corporation (AIDC) has been taken over and the Government would have to find out other suitable plots for setting up of mega projects soon to attract investors.7:05 PM 18/02/2010
Soruce:http://www.assamtribune.com/
GUWAHATI, Feb 17 – With improvement of the overall law and order situation, the investment scenario in Assam started looking up and within this calendar year alone, the State Government has received investment proposals worth more than Rs 6,000 crore. However, shortage of land suitable for setting up of mega projects is turning out to be a major problem for the Government in allotment of land to the potential investors.
Talking to The Assam Tribune, Industries and Commerce Minister Pradyut Bordoloi revealed that majority of the proposals received by the State Government in recent times are worth more than Rs 100 crore and the Government has initiated steps to ensure speedy clearance of the proposals.
Bordoloi said that a high power committee headed by the Chief Minister has been set up to examine the investment proposals in detail to ensure that the proposals are not kept pending. The committee, in its first meeting on February 11 cleared proposals worth Rs 1150 crore, which include three cement plants and one distillery. He said that the committee would meet again either in the last part of this month or in the first part of March to examine the detailed project reports of the otherinvestment proposals.
The Minister said that the Government has decided to accord mega-project status to investments worth more than Rs 100 crore and in addition to the incentives offered in the Special Industrial and Investment Promotion Policy ofthe Government of India, the State Government would accord different facilities to such projects as per requirement. He said that the investment proposals received in recent months include setting up of cement plants, paper mills, steel factory etc, while, Pepsi has also shown interest in setting up a plant in the State. He said that the signing of a MoU for the setting up of a paper mill in Matia in Goalpara with investment of Rs 1550 crore is also a positive development and hoped that the State would continue receiving suchinvestment proposals in the days to come.
In addition to formation of the high powered committee, the State Government has already started ensuring “fast track clearance” of the projects and different departments including Pollution Control Board have been given stipulated time to examine the projects to do the needful.
Commenting on the change in scenario, Bordoloi said that overall improvement of the State’s scenario is one of the main reasons because of which the investors have started showing interest in investing in the State, while, the perception of the potential investors on the State situation has also started changing. “The investors must have felt that investing inAssam make economic sense as no major investor would have come to Assam if they felt that it is not economically viable to invest in Assam . We have also created a land bank where all the information of availability of land is available and any investor can have a look on the same before taking the decision to invest in the State,” he added.
Bordoloi, however, said that shortage of suitable land for setting up of major industries is turning out to be a major problem. He revealed that all the industrial land developed bythe Government and its agencies including Assam Industrial Development Corporation (AIDC) has been taken over and the Government would have to find out other suitable plots for setting up of mega projects soon to attract investors.7:05 PM 18/02/2010
Soruce:http://www.assamtribune.com/
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