Review MIIPP

By Our Reporter

SHILLONG, AUG 10: The state government is in the process of examining the proposal for reviewing the Meghalaya Industrial and Investment Promotion Policy (MIIPP), 2012.

Informing this after a meeting of the Meghalaya State Planning Board (MSPB)’s working group-IX held here, board’s co-chairman John F Kharshiing said that in line with the board’s earlier recommendation for reviewing the MIIPP-2012, a road map on this was already submitted to the state government by the commerce and industries department for examination.

Stating that power tariff is one main component for attracting investment, he said that many states are inviting investments which largely depend on incentives.

Kharshiing however said that the power tariff in Meghalaya is fixed at Rs 6 while the power incentive in other states like Assam and Arunachal Pradesh is only at Rs 2, thereby discouraging investment to come into the state.

“The department has been asked to take the matter up with the power department,” he said while adding that land is another major issue due to the peculiar land tenure system in the state.

He said the in view of the of Centre’s discontinuation of the North East Industrial & Investment Promotion Policy (NEIPP) 2007, the chief ministers of all the NE states are demanding for its re-introduction for attracting more investment into the region.

Referring to the Export Promotion and Industrial Park in the state, he revealed that out of 50 industrial units, only 15 to 16 are operational.