Arunachal to evaluate industrial policy to attract investors

Arunachal Pradesh Chief Minister Pema Khandu today said the state government will evaluate the existing industrial policy to make it more investor-friendly and boost growth.

The chief minister was responding to a private-member resolution brought by BJP MLA Gabriel Denwang Wangsu in the state Assembly.

"We will revisit the state industrial policy and invite all the elected representatives to forward suggestions so that a comprehensive policy could be formulated which will be investor-friendly," Khandu said.

Wangsu, in his resolution, urged the government to take steps to facilitate establishment of industrial estates in foothill areas of the state.

Khandu said a provision of Rs 15 crore was made in the 2017-18 State Budget for setting up of industrial units in the foothill areas, and the proposal is pending with the Committee of Secretaries.

The chief minister said setting up of industrial estates in the foothill areas would encourage micro, small and medium industries and minimise unemployment.

The state government has also sent a proposal to the NITI Aayog for organising a seminar on 'Act East Policy' during January or February next year, he said.

"If the Act East Policy is implemented with improvement of communication network, the economy of Arunachal Pradesh which shares border with China, Bhutan and Tibet will change drastically. Prime Minister Narendra Modi is taking keen interest in this direction," Khandu said.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)