The Federation of Industry and Commerce of North Eastern Region (FINER) has urged the Centre to take up issues related to development and investment promotion along with a focussed industrial policy for the North East.
A delegation comprising FINER President Pabitra Buragohain, immediate past chairman R S Joshi and former vice-chairman Amit Kumar Jain called on Union Finance Minister Arun Jaitley in New Delhi last night and discussed issues related to sustainable development and investment promotion measures in the North East.
The delegation in a memorandum submitted to the finance minister welcomed the central government's initiative to take up as a priority the new industrial policy for the region, a FINER release said here today.
The delegation urged that benefits corresponding to the refund of 100 per cent excise duty be paid, along with other incentives whcih should be retained in the new policy with suitable modifications.
The new industrial policy for the Northeast is likely to be out later this month with industry bodies waiting for clarity from policy makers.
The FINER delegation also congratulated Jaitley, who is also the chairman of the GST Council, for the Goods and Service Tax (GST) which is being rolled out from July 1, 2017.
They drew his attention to issues related to banking in the region, which, they said, needs to be addressed in "right earnest" to ensure inclusive and sustainable development.
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