Establishment of modern technology backed and net worked enterprises.
Facilitate development of local entrepreneurship and investment by creation of industrial infrastructure of Industrial Estates, Transport, Communication, Power, water etc.
Coordinated efforts for development of fisheries, Tourism and IT Infrastructure.
Creating the enabling frame work in which private capital will be encouraged to set up business.
Facilitating Imparting of Quality vocational Training.
Facilitating Techno economic feasibility studies for entrepreneurs.
Micro enterprise generation through self help groups.
Promoting Entrepreneurship among women, school dropouts and the handicapped.
The main policy resolutions of the new Industrial Policy are:
To bring in line the Industrial Policy of the A&N Administration with the new industrial policy of the Government of India.
To evolve an integrated approach towards the industrial development of the Island. The policy seeks to have a balanced development of industries with special focus on the Tiny, Cottage & SSI Sector giving emphasis on the economic and commercial exploitation of the natural resource of the Island in such a manner so as not to disturb the overall ecological balance of the region but at the same time ensure maximum value addition within the Islands. Industries in the large and medium sector set up for the development of infrastructure and in major thrust areas would also be encouraged.
To promote industries which use locally available raw material to produce high value added products.
To enhance the existing infrastructural facilities to stimulate faster growth of industry.
To promote industrial growth, keeping in mind the interest of the local people in the matter of employment opportunities and gainful self employment.
Comparative Advantages and Disadvantages of the Territory:
The U.T of A & N Islands has certain distinct advantages for development of industries as detailed below:
Sectors to be Targetted
Based on the locally available resources and natural advantages the following sectors have been identified for promotion of industries.
Fisheries
Tourism
Cane and Bamboo
Coir and Coconuts
Rubber
Boat Building/Repairing
Agro Based Industries & Food Processing Industries
