STATE
POLICIES

ASSAM INDUSTRIAL POLICY 2003

THE AIMS AND OBJECTIVES

The Industrial Policy of Assam, 2003 is formulated to achieve the following aims and objectives-

  1. To increase the share of the industrial sector to the State Domestic Product (SDP) from the present level of 13.29% to a level of at least 18% at the end of the terminal year of the Policy.
  2. To generate more employment opportunities in the State.
  3. To ensure development of adequate and appropriate infrastructures for industrial growth.
  4. To make Assam one of the preferred destinations for investment for outside investors.
  5. To encourage private investment in Industrial infrastructure projects.
  6. To ensure industrial development in hitherto industrially backward regions of the State.
  7. To create avenues for sustained growth and development of the Small Scale and tiny sectors.
  8. To catalyse administrative and legal reforms with a view to simplify the procedure and to ensure time bound disposal of matters.
  9. To take steps to promote rural handicrafts so as to conserve and enrich cultural heritage, traditions and customs of the state.
  10. To promote establishment of medium and large-scale mother industries to create an industrial base, offering large-scale employment opportunities through backward and forward linkages.
  11. To promote Information Technology, high-tech, knowledge based and biotech industries.
  12. To promote export oriented industrial units.
  13. To take steps to revive the potentially viable sick Public Sector Undertakings and to make the Public Sector Undertakings economically viable.
  14. To provide Single Window Clearance system for fast track clearance of industrial proposals.
    15.

PERIOD OF OPERATION OF THE POLICY

The policy will be effective from 1st October, 2003 and will be valid for a period of five years i.e. upto 30th September, 2008 unless modified/terminated earlier.

THRUST AREA

The following sectors of industrial activities have been identified as thrust areas:

  1. Petroleum and Natural gas based industries
  2. Industries based on locally available minerals
  3. Processing of plantation crops
  4. Food processing industries
  5. Agro-horticulture products
  6. Herbal products
  7. Biotech products
  8. Pharmaceuticals
  9. Chemical and plastic based industries
  10. Export oriented industries
  11. Electronic and IT based industries including services sector
  12. Textiles and sericulture
  13. Engineering industries
  14. Cane and Bamboo based industries
  15. Other Handicrafts industries

The thrust areas/sectors will be periodically reviewed to keep it in tune with the need of the changing times.