The new "North-East Industrial& Investment Promotion Policy 2007" (NEIIPP) came to effect from April 1st, 2007. The Policy would surely contribute towards accelerating the pace of Industrialization in the region and aims to promote a process of inclusive growth and development. The key features of NEIIPP 2007 are as follows:

(a) Liberal Fiscal Incentives for 10 years to all 8 NE States; inclusion of Sikkim for the first time.

(b) Incentives to be available to all industrial units, new as well as existing on their substantial expansion, located anywhere in the NE Region.

(c) Excise Duty exemption to be continued on finished products made in NE.

(d) Capital Investment Subsidy increased from 15% to 30%.

(e) Transport Subsidy to continue.

(f) Incentives extended to Service Sectors like Toruism, Power generation Industry, Biotechnology, Hotel, Adventure and Leisure Sports including Ropeways, Medical & Health Services in the nature of Nursing Home, Old Age Home, Vocational training Institute such as Hotel Management, Catering & food Crafts, Entrepreneurship Development Institute, Nursing & Para Medical Institute, Civil Aviation related to training, Fashion Design & Industrial Training.

(g) Re-imbursement of 100% Insurance Premium under Comprehensive Insurance Scheme for new & existing units.

(h) 100% Income Tax exemption to continue.

(i) Interest Subsidy @3% on Working Capital to be continued.

---- NEIIPP 2007 would play an instrumental role in boosting development of the region and would provide a congenial atmosphere to new industries.