: DPIIT approves registration of 105 new industrial units in North East under NEIDS scheme #FinanceIndia #StockMarketNEWS DPIIT approves registration of 105 new industrial units in North East under NEIDS

@StockMarketNEWS Mon 29 Nov, 2021

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DPIIT approves registration of 105 new industrial units in North East under NEIDS scheme #FinanceIndia #StockMarketNEWS
DPIIT approves registration of 105 new industrial units in North East under NEIDS scheme New Delhi, 26 Nov (KNN) During the 9th meeting held by the Empowered Committee of North East Industrial Development Scheme (NEIDS) 2017 under the Chairmanship of Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), registration to 105 new industrial units in the North East have been granted.
Till date, a total of 391 new industrial units with a proposed total investment of INR 2631.19 crore have been granted registration under NEIDS, 2017. With this all applications recommended for registration by the concerned state governments upto 31st October 2021 has been considered by the Empowered committee, said the official release.
The total incentives envisaged by these 391 industrial units amounts to INR 1740.06 crore with projected employment generation of 15,987.

To promote industrialization in NE States and to boost employment and income generation, Government notified NEIDS, 2017 on 12.04.2018. The Scheme was formulated on the basis of suggestions received from State Governments, Industrial Associations and other stakeholders. The Scheme covers both manufacturing and service sector.

This could be achieved through key initiatives taken including developing an online application portal which allows submission of application and claim forms online besides online processing of the cases with each stage being intimated to the applicant.

The Government of India has also delegated the powers for processing and approval of the claims to the State Governments with a view to expedite the release of incentives to the industrial units.

All the stakeholders are being periodically engaged through symposiums and workshops and one such mega engagement was held on 30th November, 2019 with the theme of “Accelerating Investment & Industrial Development in North-Eastern Region” by DPIIT with team members from Invest India and Ease of Doing Business (EoDB) Division, Departments heads in industries Departments of all the 8 State Governments, National bodies like APEDA and NER representatives from Industry Associations such as CII, FINER, Laghu Udyog Bharati, ASSOCHAM and FICCI etc besides manufacturing and service sector units located in North East Region and other Stakeholders. Hand on training the processing on NEIDS portal were also provided.

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