Updated By: LatestGKGS Desk
Assam first global Investors Summit in Guwahati from 3-4 February 2018 features
Assam to hosting its first global Investors Summit in Guwahati from 3-4 February 2018, Inaugurated by Prime Minister Narender Modi
Assam would be hosting its first global Investors Summit in Guwahati from 3-4 February 2018, which will be inaugurated by Prime Minister Narender Modi.
The state government plans to utilize the event to showcase Assam’s business potential with attractive policies with a view to attracting more investment.
The decision, hosting its first global Investors Summit in Guwahati was taken during the state’s cabinet meeting, which was held recently.
Furthermore, the cabinet also approved amendments to Preferential Purchase Policy to boost the business of the micro, small and medium enterprises (MSME).
According to Chandra Mohan Patowary (State’s Commerce and Industry Minister), it will be made mandatory for all government and semi-government offices to make at least 25 percent of all purchase from local MSMEs
The existing policy was not being actively pursued and the changes are expected to make it more effective.
Cabinet also decided to set-up an industrial zone on 160 sq. km, which will be converted into a land bank.
Moreover, a new sugar policy was also approved by the cabinet to facilitate setting up of sugar mills in the state and encourage sugarcane farming to make the state a hub of sugar production.
