Assam soon to become friendly to investors

Guwahati: The Assam cabinet on Tuesday decided to introduce and amend some of the existing policies in a bid to make it investor friendly.

The aim is to attract investment and derive maximum benefits from the global investors’ summit, beginning February 3 next year.

Prime Minister Narendra Modi is scheduled to inaugurate Global Inventors Summit in Guwahati.

Assam industry minister Chandra Mohan Patowary on Tuesday told reporters that the government has decided to amend the preferential purchase policy under which it will give 25 reservation for medium and small-scale enterprises (MSMEs) with 20 per cent price preference in all government procurements.

Apart from amending Tourism, Bio-tech and Handloom policies of Assam to attract investment, he said that the government is planning to introduce a Digital Start-up Policy under which an incubation centre will be set up at Ambary in Gujarat.

For execution, the state government will sign enter into an agreement with the Telangana government, he added.

Pointing out that the government has also decided to attract investment in the field of Information and IT, he said, “The government will extend Rs 1.20 lakh one time support against per seat for setting up a BPO having minimum capacity of 100 seats.”