Northeast gets Rs.5 bn for developing industries

April 1st, 2008 - 7:45 pm ICT by admin  


New Delhi, April 1 (IANS) The government Tuesday announced an allocation of Rs.5.41 billion for developing industries in northeastern India. Industrialisation in the region, comprising seven states, was so far being implemented under the central Transport Subsidy Scheme, introduced way back in 1971, the commerce and industry ministry said in a statement.

However, since then only Rs.5 billion have been given for the industrialisation of the region.

The scheme provides subsidy of up to 90 percent on the cost incurred on transportation of raw material and finished goods, for a maximum period of five years, it added.

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