Exemption from stamp duty for select industry categories
State-sponsored entrepreneur development programs for local industry
State capital investment subsidy up to Rs.500,000 per unit
30% subsidy on machinery and equipment required by captive power plants
Power subsidy of 30% (up to Rs.1.5 per unit) to all new industrial units located in the state
Transport subsidy for procuring raw materials up to the Siliguri rail-head
Exemption from sales tax (up to 5 years) for all new industrial units in the state
5-year income tax holiday for new industrial units set up in the Northeast
Mission
"To facilitate rapid and sustained industrial development in the State through enhanced investment, an investor friendly environment, provision of infrastructure and institutional support, attractive incentive package and optimum utilization of existing resources in order to gainfully exploit emerging opportunities in the national and international markets and generate substantial income and employment avenues for the people of Nagaland"
Objectives
To create conditions for rapid industrial development and conducive investment climate.
Create gainful employment opportunities for local population.
Develop human resources and bring about improvement in the quality of life by promoting industrial ventures in sectors in which the State has comparative advantage.
Develop entrepreneurial and other technical skills of the available human resources by setting up training centres in relevant sectors as also by enlisting support from reputed national and regional training centres.
Develop industrial infrastructure in selected areas by providing common facilities in a compact area for specialized categories of industrial units. Provide other critical infrastructure such as power, water, communications, etc.
Promote export oriented industries with a view to exploit the emerging market opportunities in the neighbouring countries.
Develop marketing facilities for industrial products.
Encourage large and medium scale mother industries in the public, private, joint and assisted sectors to create an industrial base making use of the available resource base of the State in selective categories compatible with local environment and ecology.
Develop village and Small Scale Service and Business Enterprises (SSSBE) to provide self-employment to unemployed youth.
Develop and promote Tourism Industry in the State.
Revive and rehabilitate sick industrial units in the State.
Develop food processing industry by facilitating forward and backward linkages.
Expedite formalization and development of cross border trade with Myanmar.
Provide investor friendly environment by removing procedural bottlenecks and legal hurdles.
