Assam Cabinet okays customised incentives under Industrial and Investment Policy

Guwahati: Assam Cabinet has approved the grant of customised incentives under the Industrial and Investment Policy of Assam (IIPA), 2019 (as amended), to Bharat A to Z Private Limited for setting up an Integrated Shipyard and Container Shipping Line at Dharapur, Guwahati, based strictly on the recommendations of the Empowered Committee, for the approved investment of Rs. 475 crore.

The project is expected to generate direct employment for about 900 persons, along with substantial indirect employment in allied services. The State Cabinet has approved the grant of customised incentives and facilitative support to Hotel Polo Towers Limited for setting up a 100-room luxury 5-star Hotel at Silchar with a total investment of Rs. 103.92 Crores, under the Industrial and Investment Policy of Assam (IIPA), 2019 (as amended). The project is expected to generate direct employment for about 200 persons, along with substantial indirect employment in allied services such as transport, housekeeping, food supply chains, and retail activities.

The State Cabinet has approved issuance of a notification under the Assam Value Added Tax Act, 2003 to reduce the rate of Value Added Tax (VAT) on Aviation Turbine Fuel (ATF) from 23.65 paise to 18.65 paise in the rupee. The reduction in VAT will enhance Assam’s competitiveness in the aviation sector, promote greater flight operations, and boost the tourism industry. Increased air connectivity is anticipated to generate positive multiplier effects across hospitality, trade, transport, and allied service sectors.