ITANAGAR, Dec 20 - In an attempt to boost the industrial sector in the hilly State, the Arunachal Pradesh Cabinet, in a meeting headed by Chief Minister Pema Khandu, today gave its approval to the Arunachal Pradesh State Industrial and Investment Policy 2019.
The proposed policy aims at leveraging the huge potential for industrial growth in Arunachal Pradesh, along with providing employment opportunities to local youths through incentives in identified thrust areas like tourism, food processing and agro-based industries, textiles and handicrafts, agri-horti processing sector, hydropower, etc., an official release from the CMO said.
As per the new policy, the State Government will set up a single window system to facilitate all clearances/approvals/licences/permissions for setting up industries with the aim to creating a conducive business environment to aid investment.
The various incentives provided by the policy, in addition to the ones provided by the Centre, include State capital investment subsidy for all new industrial units in the manufacturing and service sectors at the rate of 30 per cent on the cost of investment in plant and machinery and SGST exemption in terms of tax reimbursement as per the slabs mentioned in the policy.
Further, the State Government will provide various kinds of subsidies like State interest subsidy on term loan from bank on plant and machinery and working capital loan, power subsidy, stamp duty and registration fee reimbursement, transport subsidy, quality and ZED certification and supporting marketing and promotion, etc.
The policy also promotes ‘Make in Arunachal’, which entails that the State Government and other State-controlled agencies give preference to enterprises registered in the State while purchasing manufactured products.
The Cabinet also approved of the Arunachal Pradesh Teachers Transfer and Posting Policy, 2020, which will help rationalise transfer and posting of teachers serving under the State Government.
“Due to want of a robust State policy, the Education Department was facing difficulties to rationalize posting of teachers in a transparent manner. Hence, the Arunachal Pradesh Teachers Transfer and Posting Policy, 2020 has been approved to ensure need-based distribution of teachers to protect the academic interest of students and optimize job satisfaction amongst the teachers in a free and transparent manner,” the release said.
Arunachal Pradesh has 3,513 government schools including 211 community schools and approximately 16,594 regular teachers.