GUWAHATI: The Union Cabinet chaired by Prime Minister Narendra Modi approved the proposal of the Ministry of Commerce and Industry, Department for Promotion of Industry and Internal Trade for Uttar Poorva (Northeast) Transformative Industrialization Scheme, 2024 (UNNATI – 2024) for a period of 10 years from the date of notification along with 8 years for committed liabilities at a total cost of ₹10,037 crore.
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The incentives would be available under the scheme to investors for setting up new units or undertaking a significant expansion of the existing units.
Centre has formulated the New Industrial Development Scheme, UNNATI (Uttar Poorva Transformative Industrialization Scheme), 2024 as a Central Sector Scheme for the development of Industries and generation of employment in the states of the Northeast Region. The scheme's main objective is to generate gainful employment, which will lead to the area's overall socio-economic development. It will create productive economic activity in the manufacturing and service sectors.
Industrial development in the NER needs to be given a fresh thrust with emphasis on job creation, skill development, and sustainable development by attracting new investments and nurturing existing ones, claims Centre.
However, to maintain a proper balance between industrial growth and the pristine environment of the NER, certain industries are kept on the positive list such as Renewable energy, EV charging stations etc and there is a Negative list for certain sectors which may hamper the environment such as cement, plastic etc.
A manager of a cement company talking to GPlus on condition of anonymity said, "The scheme is good but the cement industry can never be negative in the northeast."
Political pundits feel this is the last move by the BJP-led central government to woo voters of the northeast before the model code of conduct is implemented.
