SME Times News Bureau | 15 Jun, 2012
The Forum of Industries and Commerce Ministers of North
Eastern States (FICMNES) Thursday asked the central government to shift the
thrust from big industries to micro, small and medium enterprise (MSME) sector
to develop the region.
"The North East Industrial and Investment Promotion Policy (NEIIPP), 2007
is a very unique policy and proved beneficial for the whole region. However,
none of the northeastern states are in a position to give land to private
parties to set up big industries," chairman of the forum and Assam
Industry Minister Pradyut Bordoloi said.
He was here to participate in the mid-term review of the NEIIPP.
"Some of the northeast states also have the problem of hilly terrain and
so it is difficult to give land to private industries to set up big industries.
So we feel that the government should shift the thrust from big industries to
MSME sector," Bordoloi said.
The Assam industry minister, however, defended the NEIIPP, 2007 and said that
the unique policy had invited about 336 investment proposals in the entire
northeast region in the last five years amounting to Rs.38,000 crore.
"Out of the total proposals, Assam got the major investment proposals
amounting to Rs.21,152 crore followed by Meghalaya and Nagaland," he said
adding that this excludes proposals by the central sector projects like the gas
cracker project in Assam, alone worth about Rs.900 crore.
"All the states in the region have resolved that the economic development
of the northeast region will mainly depend on MSME sector due to problems like
availability of lands," said Bordoloi.
The forum also appealed to the central government for efforts to set up
dedicated MSME bank branches in all district headquarters of the region.
"This is being urged to the centre as it will help the first generation
entrepreneurs of the region for whom, now, it is difficult to get a bank loan
to start any entrepreneurial venture," he said.