Incentives alone could invite private investments: CII

Itanagar, May 15 (UNI) An industrial policy with attractive incentives will help the Arunachal Pradesh government to woo investments from outside to boost its economy, said Confederation of Indian Industries (CII) member Chris Cajee.

CII Deputy Director General S Sen said Meghalaya and Asom had been attracting huge investments by focussing on industrialization through private investments.

The CII officials were discussing ways and means to boost industrial scenario of the state with local Legislator Kipa Babu, local entrepreneurs, state Trade &Commerce Director Tokong Perting and representatives of Arunachal Chamber of Commerce and Industries (ACCI) over a meeting here last night.

Mr Babu suggested that a portion of the Capital Complex should be declared as free trade zone to woo investors and make it a trading hub like Dimapur in Nagaland.

However, he attributed lack of effective industrial policy and administrative initiatives to the present dismal industrial scenario of the state.

He advocated a system of check and balance to ensure incentives provided by the government to facilitate the local entrepreneurs.

Speaking about 'Look East' policy, he said the policy needs to be redefined to face the global challenges.

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