Source: News Bharati English29 May 2016 17:41:43

Kolkata, May 29: The Arunachal Pradesh Government has initiated several policy measures and incentives for attracting investors in the state, said Chief Minister Kalikho Pul on Saturday while addressing the second meeting of Eastern Regional Council organized by the Confederation of Indian Industry (CII). Speaking on the policy initiatives on boosting investment climate in the state, the CM said that the state government has put in place a single window system for all statutory approvals and clearances through a State Level Industrial Empowered Committee.The Chief Minister also assured that the state government would offer specific tax benefits whereby State and local duties and entry taxes would be waived off. He assured that wherever land is needed, the government will acquire it for investors. Further assuring administrative support to the investors, the Chief Minister said today Arunachal has a dependable administrative support for investors and peace and security has been given top priority.

Speaking on investment ready sectors, the CM said that the state has bright prospects for infrastructure development, agro-processing and horticulture, non-timber based industries. Similarly, there are also tremendous prospects for investments in hydropower, tourism healthcare, education, information technology, electronics and IT based industries, skill development, engineering and allied industries and mineral based industries, said the CM.

Reiterating the shared objective of converting potential into prosperity, the Chief Minister said that the state government looks forward to an engagement with the CII and the industry on a long-term, opportunity driven.

Stating that Arunachal has become one of the fastest growing states in the country, the CM said in January 2014, for instance, Arunachal Pradesh topped the list of states in terms of total fresh investment, in all attracting 11 new projects with an aggregate investment of Rs 4,953 crores.