Central Governement approves Capital Investment Subsidy of Rs 264.67 Cr for NE industrial units

Posted on:17 Dec 2017 09:00:02
Central Governement approves Capital Investment Subsidy of Rs 264.67 Cr for NE industrial units
17 December 2017 Current Affairs: The union government approved capital investment subsidy amounting to Rs 264.67 Crore to four industrial units located in North East, including Sikkim.

The decision was taken at a meeting of Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi. 

The grant of subsidy to the industrial units will not only provide incentives to the operational units but also boost the confidence of existing investors as well as potential investors in North Eastern Region (NER).

The four industrial units are located in North East including Sikkim.

The subsidy has been granted under the Central Capital Investment Subsidy Scheme (CCISS), 2007 of the North East Industrial Investment and Promotion Policy (NEIIPP), 2007.

The union government of India has been implementing this scheme to promote industrialization in the North East.

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