With 99-yr land lease offer, Arunachal fast-tracks plans to woo investors

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Raghvendra Rao Posted: May 05, 2008 at 0026 hrs IST

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NEW DELHI, MAY 4 : will give a price preference worth 7.5 per cent to its own industries when it comes to procuring products for Government departments through a tendering process. Simply put, bids made by local industries will straightaway get a 7.5 per cent reduction in comparison to those made by players from outside,” said the official.

The state government plans to introduce a “Local Employment Promotion Grant” for footing a part of the wage bill of an investor who employs a certain minimum number of locals.

After setting up a single-window clearance facility at all levels, the state is set to offer special incentives for food processing industries, large and heavy industries and those to be set up through Foreign Direct Investments.

Arunachal Pradesh hopes to attract investors to set up industries based on agricultural, horticultural and plantation produce, bamboo, medicinal plants, tea and coffee, handlooms, handicrafts, minerals, electronics and IT....

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