STATE
POLICIES

ANDAMAN & NICOBAR

(XI) NON RESIDENT INDIANS AND FOREIGN INVESTMENT:

To attract and closely monitor NRI/Foreign investment and channelise the investment in the state, the Administration has designated Secretary (Industry), A&N Administration as Commissioner - NRI and Foreign investment so as to ensure speedy clearance and implementation of projects involving such investment. The Administration would strive to attract NRI & Foreign investors in major thrust areas and joint venture sectors.

(XII) EXPORT PROMOTION

Exports are essential for the economy of the country. The Small Scale Industries and handicrafts sectors where scope for value addition is very high are contributing substantially to the export efforts.

The following steps have been taken/are proposed to be taken for the promotion of exports:

  1. Encourage setting up of EOUs.
  2. Upgradation of the offices of customs and central excise depts. situated at Port Blair, providing it with appraisal facilities.
  3. Setting up of the extension office of the Export Promotion Zone.
  4. Giving recognition to meritorius exporting units by way of granting awards/certificate etc.
  5. Diseemination of information about exporting units and export potential.
  6. Encouraging earnings of foreign exchange through export of technology and expert services within the overall policy of the Government of India.
  7. Preferential allotment of plots/sheds to EOUs.
  8. Exemption from all local taxes, including octroi and royalty to 100% EOUs.