Business

This section lists business opportunities for lcoal and outside investors.

===

List of Policies issued by the various Government Departments in chronological order:

 

How To Start an Industry in Assam

 

      In setting up of an industry or business entity, essentially the following options needs to be considered:


Does the idea fire up your motivation


Is it a viable business proposition in your area?


Does it match the needs of your clientele?


Check it out with basic market research


Test it out with market place


Consult the experts


Look out for the competition in the field


Your business opportunity


Project conceptualization - Product (Shape, Size and Nature), Process (Technology to produce the proposed product), Place (Location of Plant) and Partner (Technological and Financial Collaborator)


Starting Business

Managing Business

Growing Business

Business Financing

Legal Aspects of Business

Doing Business in India - A Report by Ernst & Young

Decision TO Be An Entrepreneur

Many first time entrepreneurs do not have a clear perspective of the issues, legal or otherwise, involved in choosing one or the other form of a business. This often results in avoidable mistakes which later cost time and money to rectify.

Resources

how much do you plan to invest in your new business? Do you have the necessary resources to start an industry? If yes, where do you source for it? Can you qualify for a business loan or other financial assistance? By asking these questions, you can prepare a list of tools and resources to start the industry. 

Making A Product Choice

Know your target market

Define age, race, income level, and any other category of consumers you want to reach. Targeting your market makes it easier to design your products or services to meet consumer needs. The market survey needs to be done to estimate the demand-supply gap of a product. Estimate the demand-supply gap of a product. Local, national and international market for the product and the possible competition to be analyzed.

Trends in technology

The emerging technological advancements and the sources for the technology transfers must be taken into consideration. 

Types of Organization

Following are the main types of legal forms used predominantly to run business organizations, and are commpnly in practice the world over.


 

Sole proprietorship: where generally only one person funds the business activities.


 

Partnership: where two or more people can join together as partners to raise the finances for running a venture.


 

Limited company: where it is possible for many thousands to subscribe for a share in business ownership and, in theory at least, in its governance and direction.


 

Co-operative Society: This is the fourth legal form, which can be used in a particular type of businesses such as dairy, sugar etc.

Company Registration (Registrar of Companies)

To start any business as a private limited or limited company, one must register the name of the company with the Registrar of Companies (ROC). The registration allows you to 'legally' carry on day-to-day administration of business. The company registration form allows you to specify the 'physical' brick-and-mortar address where your company's office will operate out from, among other things. In Assam, company registration is filed with the Registrar of Companies, Morello Building ,Ground floor , Shillong - 793001

Ministry of Corporate Affairs, Government of India 
Whether one would like to register a Sole Proprietorship, Partnership, Limited (Public|Private), Co-operative Society, Association, etc., there are generally a couple of steps to be kept in mind in order to register a company. The following is an example for registering an Association, it may defer depending on the type of business being set up: 


1.

START


2.

Obtain approval for the proposed name of the Company from the ROC.


3.

Draw up the Memorandum of Association.


4.

Draw up the Articles of Association.


5.

Getting the appropriate persons to subscribe to the Memorandum. (a minimum of 7 for a public company and 2 for a private company).


6.

Payment of Registration Fee to the ROC.


7.

Receipt of Certificate of Incorporation.


8.

Obtain a certificate of commencement of business from the ROC in case of a public company.


9.

END

The President under Notification dated 9th May 2007 has amended the Government of India (Allocation of Business) Rules, 1961. Pursuant to this amendment, Ministry of Agro and Rural Industries (Krishi Evam Gramin Udyog Mantralaya) and Ministry of Small Scale Industries (Laghu Udyog Mantralaya) have been merged into a single Ministry, namely, “MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES (SUKSHMA LAGHU AUR MADHYAM UDYAM MANTRALAYA)” 

Worldwide, the micro and small enterprises (MSEs) have been accepted as the engine of economic growth and for promoting equitable development. The MSEs constitute over 90% of total enterprises in most of the economies and are credited with generating the highest rates of employment growth and account for a major share of industrial production and exports. In India too, the MSEs play a pivotal role in the overall industrial economy of the country. It is estimated that in terms of value, the sector accounts for about 39% of the manufacturing output and around 33% of the total export of the country. Further, in recent years the MSE sector has consistently registered higher growth rate compared to the overall industrial sector. The major advantage of the sector is its employment potential at low capital cost. As per available statistics, this sector employs an estimated 31 million persons spread over 12.8 million enterprises and the labour intensity in the MSE sector is estimated to be almost 4 times higher than the large enterprises. 

Ministry of Micro, Small and Medium Enterprises, Government of India 

Types of Enterprises

Based on the investment limit on the plant and machinery, enterprises have been classified as given below: 



 


Manufacturing Sector


Service sector


Micro


upto Rs. 25 Lakh


upto Rs. 10 Lakh


Small


More than Rs. 25 Lakh upto Rs 5 Crore


More than Rs. 10 Lakh upto Rs 2 Crore


Medium


More than Rs.5 Crore upto Rs 10 Crore


More than Rs.2 Crore upto Rs 5 Crore


Large


Above Rs 10 crore


Above Rs 5 crore

Ministry of Micro, Small and Medium Enterprises, Government of India

Location of Industry

When choosing a location, consider the cost of utilities and rent. Other factors include accessibility to targeted customers, competition, demographics and proximity to other businesses. 


 

Raw material availability: Location of raw materials and the cost of conveyance to the site of industry must be worked out.


 

Skilled labour: Availability of skilled labour in and around the area also to be taken care of.


 

Infrastructure: Necessary infrastructure such as power, road, rail and port connectivity for movement of raw material and finished goods must be in place before the commencement of commercial production.

Registration of the Unit

The Department of Industries, Trade and Commerce, Government of Assam is concerned with the promotion, development and regulation of industries in the State of Assam. 

Please visit the nearest District Industires and Commerce Centre of your district for the registration or visit an Udayami Mitra for further guidance and hand holding. There are 26 DI&CC under Department of Industries of Commerce and Industries, Government of Assam. For details click Helpdesk.

Or visit Rajiv Gandhi Udyami Mitra Yojana (RGUMY)for further guidance.

Applying for Provisional Registration

The process of registration of any enterprise either manufacturing or service sector is covered under the MSMED Act, 2006. Entrepreneurs who want to start a new industry in Assam have to file an application for Entrepreneurs Memorandum PART-I (Provisional Registration). The application form is available at the facilitation counter of districts centre of DI&CC on all working days or can be downloaded 

http://investinassam.com/download/forms 

The Industries Inspector at the facilitation counter will provide guidance to Entrepreneurs on how to fill-up the forms, issuing NIC and Product code numbers. 

After filling all the forms, it has to be handed over to the concerned Inspector for checking. If the form is complete in all respects, the concerned Inspector will sign the same and the forms are forwarded along with the required documents like (1) Partnership deed and Registration Certificate; (2) Memorandum and Articles of Association After receipt of the applications for PART-I along with the required documents, acknowledgment is the same day. The acknowledgement for PART-I is valid for 2 years only. 

After receipt of acknowledgement for PART-I, the Entrepreneurs have to start formalities for going into production after obtaining all required documents to start production. 

The Director of Industries and Commerce, as well as, the General Manager (DI&CC) reserves the right to seek copies of Project Report and other relevant information required to ensure the types of raw materials proposed to be used in the manufacturing process, type of machinery involved and other aspects of the unit.

Applying for Permanent Registration

As soon as production is started, an application has to be filed for Permanent Registration in Part-II. The form for filling in PART-II is available at Counter of DI&CC on all working days or can be downloaded from http://investinassam.com/download/forms All help in filling PART-II of the form will be provided by the facilitation counter. 

The Provisional Registration (PART-I) is converted into Permanent Registration on confirming that the unit has taken all the effective steps, including installation of machinery and equipments, obtaining power/water connection, that the unit has gone into commercial production and has produced all the necessary NOCs/ Documents/clearances from the concerned authorities. 

Application in PART-II for permanent registration received at the facilitation counter is verified thoroughly by the Industries Inspector/Extension Officer (Industries) and if any deficiency is observed, the entrepreneur is directed to furnish the remaining documents /information. On receipt of such documents, the Industries Inspector/Extension Officer (Industries) inspects the unit for physical verification of the machinery, equipments and other assets of the factory/unit, verification of the documents, etc and submits his Inspection Report within a period of 15 days, along with all the documents to the General Manager (DI&CC).

The Industries Inspector's report and other documents are then further scrutinized by the Registration Section and if found in order, the case of Permanent Registration is approved by the General Manager (DI&CC) and acknowledgement for permanent registration, Part-II is issued. 

Applying for Eligibility Certificate for availing Central and State incentives and Tax benefits under North East Industrial & Investment Promotion Policy (NEIIPP) 2007 and Assam Industrial and Investment Policy (AIIP)2008.

After receiving the permanent registration the unit can apply for eligibility certificate to avail the Central and Sate incentives and benefit under NEIIPP 2007 and AIIP 2008. 

Applications complete in all respect should be submitted to the respective DI&CC of the district and it will be disposed of within a maximum period of 90 days.

Applying for Subsidy Claims against various incentives under NEIIPP 2007 and AIIP 2008

After receiving the eligibility certificate the unit can apply for the various subsidy grants as mentioned in the eligibility certificate to avail the Central and Sate incentives under NEIIPP 2007 and AIIP 2008. 

Applications complete in all respect should be submitted to the respective DI&CC of the district for further verification. Once the verification is complete, the claim will be sanctioned by the empowered committee for necessary payment.

 


Investors Guide


How to start an Industry in Assam


Advantage Assam


Industrial Map of Assam


Investment Facilitation


Finance & Banking


Taxation System


Legal & Judiciary System


Industry and Business Related Laws


Intellectual Property Rights

 

How To Start an Industry in Assam

 

      In setting up of an industry or business entity, essentially the following options needs to be considered:


Does the idea fire up your motivation


Is it a viable business proposition in your area?


Does it match the needs of your clientele?


Check it out with basic market research


Test it out with market place


Consult the experts


Look out for the competition in the field


Your business opportunity


Project conceptualization - Product (Shape, Size and Nature), Process (Technology to produce the proposed product), Place (Location of Plant) and Partner (Technological and Financial Collaborator)


Starting Business

Managing Business

Growing Business

Business Financing

Legal Aspects of Business

Doing Business in India - A Report by Ernst & Young

Decision TO Be An Entrepreneur

Many first time entrepreneurs do not have a clear perspective of the issues, legal or otherwise, involved in choosing one or the other form of a business. This often results in avoidable mistakes which later cost time and money to rectify.

Resources

how much do you plan to invest in your new business? Do you have the necessary resources to start an industry? If yes, where do you source for it? Can you qualify for a business loan or other financial assistance? By asking these questions, you can prepare a list of tools and resources to start the industry. 

Making A Product Choice

Know your target market

Define age, race, income level, and any other category of consumers you want to reach. Targeting your market makes it easier to design your products or services to meet consumer needs. The market survey needs to be done to estimate the demand-supply gap of a product. Estimate the demand-supply gap of a product. Local, national and international market for the product and the possible competition to be analyzed.

Trends in technology

The emerging technological advancements and the sources for the technology transfers must be taken into consideration. 

Types of Organization

Following are the main types of legal forms used predominantly to run business organizations, and are commpnly in practice the world over.


 

Sole proprietorship: where generally only one person funds the business activities.


 

Partnership: where two or more people can join together as partners to raise the finances for running a venture.


 

Limited company: where it is possible for many thousands to subscribe for a share in business ownership and, in theory at least, in its governance and direction.


 

Co-operative Society: This is the fourth legal form, which can be used in a particular type of businesses such as dairy, sugar etc.

Company Registration (Registrar of Companies)

To start any business as a private limited or limited company, one must register the name of the company with the Registrar of Companies (ROC). The registration allows you to 'legally' carry on day-to-day administration of business. The company registration form allows you to specify the 'physical' brick-and-mortar address where your company's office will operate out from, among other things. In Assam, company registration is filed with the Registrar of Companies, Morello Building ,Ground floor , Shillong - 793001

Ministry of Corporate Affairs, Government of India 
Whether one would like to register a Sole Proprietorship, Partnership, Limited (Public|Private), Co-operative Society, Association, etc., there are generally a couple of steps to be kept in mind in order to register a company. The following is an example for registering an Association, it may defer depending on the type of business being set up: 


1.

START


2.

Obtain approval for the proposed name of the Company from the ROC.


3.

Draw up the Memorandum of Association.


4.

Draw up the Articles of Association.


5.

Getting the appropriate persons to subscribe to the Memorandum. (a minimum of 7 for a public company and 2 for a private company).


6.

Payment of Registration Fee to the ROC.


7.

Receipt of Certificate of Incorporation.


8.

Obtain a certificate of commencement of business from the ROC in case of a public company.


9.

END

The President under Notification dated 9th May 2007 has amended the Government of India (Allocation of Business) Rules, 1961. Pursuant to this amendment, Ministry of Agro and Rural Industries (Krishi Evam Gramin Udyog Mantralaya) and Ministry of Small Scale Industries (Laghu Udyog Mantralaya) have been merged into a single Ministry, namely, “MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES (SUKSHMA LAGHU AUR MADHYAM UDYAM MANTRALAYA)” 

Worldwide, the micro and small enterprises (MSEs) have been accepted as the engine of economic growth and for promoting equitable development. The MSEs constitute over 90% of total enterprises in most of the economies and are credited with generating the highest rates of employment growth and account for a major share of industrial production and exports. In India too, the MSEs play a pivotal role in the overall industrial economy of the country. It is estimated that in terms of value, the sector accounts for about 39% of the manufacturing output and around 33% of the total export of the country. Further, in recent years the MSE sector has consistently registered higher growth rate compared to the overall industrial sector. The major advantage of the sector is its employment potential at low capital cost. As per available statistics, this sector employs an estimated 31 million persons spread over 12.8 million enterprises and the labour intensity in the MSE sector is estimated to be almost 4 times higher than the large enterprises. 

Ministry of Micro, Small and Medium Enterprises, Government of India 

Types of Enterprises

Based on the investment limit on the plant and machinery, enterprises have been classified as given below: 



 


Manufacturing Sector


Service sector


Micro


upto Rs. 25 Lakh


upto Rs. 10 Lakh


Small


More than Rs. 25 Lakh upto Rs 5 Crore


More than Rs. 10 Lakh upto Rs 2 Crore


Medium


More than Rs.5 Crore upto Rs 10 Crore


More than Rs.2 Crore upto Rs 5 Crore


Large


Above Rs 10 crore


Above Rs 5 crore

Ministry of Micro, Small and Medium Enterprises, Government of India

Location of Industry

When choosing a location, consider the cost of utilities and rent. Other factors include accessibility to targeted customers, competition, demographics and proximity to other businesses. 


 

Raw material availability: Location of raw materials and the cost of conveyance to the site of industry must be worked out.


 

Skilled labour: Availability of skilled labour in and around the area also to be taken care of.


 

Infrastructure: Necessary infrastructure such as power, road, rail and port connectivity for movement of raw material and finished goods must be in place before the commencement of commercial production.

Registration of the Unit

The Department of Industries, Trade and Commerce, Government of Assam is concerned with the promotion, development and regulation of industries in the State of Assam. 

Please visit the nearest District Industires and Commerce Centre of your district for the registration or visit an Udayami Mitra for further guidance and hand holding. There are 26 DI&CC under Department of Industries of Commerce and Industries, Government of Assam. For details click Helpdesk.

Or visit Rajiv Gandhi Udyami Mitra Yojana (RGUMY)for further guidance.

Applying for Provisional Registration

The process of registration of any enterprise either manufacturing or service sector is covered under the MSMED Act, 2006. Entrepreneurs who want to start a new industry in Assam have to file an application for Entrepreneurs Memorandum PART-I (Provisional Registration). The application form is available at the facilitation counter of districts centre of DI&CC on all working days or can be downloaded 

http://investinassam.com/download/forms 

The Industries Inspector at the facilitation counter will provide guidance to Entrepreneurs on how to fill-up the forms, issuing NIC and Product code numbers. 

After filling all the forms, it has to be handed over to the concerned Inspector for checking. If the form is complete in all respects, the concerned Inspector will sign the same and the forms are forwarded along with the required documents like (1) Partnership deed and Registration Certificate; (2) Memorandum and Articles of Association After receipt of the applications for PART-I along with the required documents, acknowledgment is the same day. The acknowledgement for PART-I is valid for 2 years only. 

After receipt of acknowledgement for PART-I, the Entrepreneurs have to start formalities for going into production after obtaining all required documents to start production. 

The Director of Industries and Commerce, as well as, the General Manager (DI&CC) reserves the right to seek copies of Project Report and other relevant information required to ensure the types of raw materials proposed to be used in the manufacturing process, type of machinery involved and other aspects of the unit.

Applying for Permanent Registration

As soon as production is started, an application has to be filed for Permanent Registration in Part-II. The form for filling in PART-II is available at Counter of DI&CC on all working days or can be downloaded from http://investinassam.com/download/forms All help in filling PART-II of the form will be provided by the facilitation counter. 

The Provisional Registration (PART-I) is converted into Permanent Registration on confirming that the unit has taken all the effective steps, including installation of machinery and equipments, obtaining power/water connection, that the unit has gone into commercial production and has produced all the necessary NOCs/ Documents/clearances from the concerned authorities. 

Application in PART-II for permanent registration received at the facilitation counter is verified thoroughly by the Industries Inspector/Extension Officer (Industries) and if any deficiency is observed, the entrepreneur is directed to furnish the remaining documents /information. On receipt of such documents, the Industries Inspector/Extension Officer (Industries) inspects the unit for physical verification of the machinery, equipments and other assets of the factory/unit, verification of the documents, etc and submits his Inspection Report within a period of 15 days, along with all the documents to the General Manager (DI&CC).

The Industries Inspector's report and other documents are then further scrutinized by the Registration Section and if found in order, the case of Permanent Registration is approved by the General Manager (DI&CC) and acknowledgement for permanent registration, Part-II is issued. 

Applying for Eligibility Certificate for availing Central and State incentives and Tax benefits under North East Industrial & Investment Promotion Policy (NEIIPP) 2007 and Assam Industrial and Investment Policy (AIIP)2008.

After receiving the permanent registration the unit can apply for eligibility certificate to avail the Central and Sate incentives and benefit under NEIIPP 2007 and AIIP 2008. 

Applications complete in all respect should be submitted to the respective DI&CC of the district and it will be disposed of within a maximum period of 90 days.

Applying for Subsidy Claims against various incentives under NEIIPP 2007 and AIIP 2008

After receiving the eligibility certificate the unit can apply for the various subsidy grants as mentioned in the eligibility certificate to avail the Central and Sate incentives under NEIIPP 2007 and AIIP 2008. 

Applications complete in all respect should be submitted to the respective DI&CC of the district for further verification. Once the verification is complete, the claim will be sanctioned by the empowered committee for necessary payment.

 


Investors Guide


How to start an Industry in Assam


Advantage Assam


Industrial Map of Assam


Investment Facilitation


Finance & Banking


Taxation System


Legal & Judiciary System


Industry and Business Related Laws


Intellectual Property Rights

 

Investment Climate of Assam

 

   At the time of India's independence, Assam was relatively a land of plenty. It was not only among the better administered states, the per capita State Domestic Product was way above the average in the country as a whole and the relevant social indices ranked the State at a higher level in the ladder of social development. The primary sector was buoyant, the process industries and the plantation sector were efficiently run. The State was near self sufficient in its requirement of primary products and above all, poverty and unemployment was not of great concern then. With India attaining its independence and resultant physical partition, the traditional trade and commerce linkages with Assam's hinterland got snapped and along with the entire North East, Assam was reduced to a landlocked cocoon. Before India's attaining independence Assam served as a conduit in the big integrated market with erstwhile East Pakistan, Bhutan, Nepal, Myanmar besides other neighboring states. The economic activities were greatly reduced after independence. Assam's progress has been rather halting and tenuous especially in the 80s' and 90s' for various reasons. But now Assam is "Emerging"

Today the State embarks on the new charter in the path of development, laying emphasis on new capital formation through the creation of ecologically compliant assets in a sustainable manner.

The focus of the growing investment climate today is to build the economy on the core strengths of this region so that the resources can be managed efficiently. The recognized core strengths of the State today are its nature, water, agriculture, human resources and geographical location.

The State inspires the new decade with encouraging atmosphere of Industrialization. It lays emphasis on "Clean Development Mechanism" as an investment proposition. The State Government is projecting an alternative approach to economic development by fostering interdependence between nature and economics for which the concept of 'Green Accounting (valuing nature assets)' is sought to be introduced to supplement the State's Gross State Domestic Product. The Green Accounting statistics are necessary for measuring the sustainability of Assam's economy in quantitative and monetary terms. The new thrust would track the gains and losses of Assam's natural capital including estimates for the values embedded in our fresh water quality, forest biomass carbons storage and carbon sequestration, bio diversity, bio prospecting, eco-tourism, timber and fuel and non-timber forest products. The new thrust also would track the gains and losses in our human capital including the values of education at all level and the future liability and health impacts of pollution. The new approach would cover estimates of annual losses of carbon dioxide to the atmosphere through deforestation and thinning of forest biomass so that Assam can benefit from significant compensation through future variations of the Kyoto protocol. The new thrust has been given to enable the Government of Assam to make appropriate economic policy choices informed by a fair valuation of the many un-traded services of our natural eco-system including all their unaccounted benefits that do not at present enter GSDP and GDP accounts.

The present Government recognizes that the development and progress of the State will depend largely on the intensive and faster growth of the Rural Economy - primarily income multiplication by inducing multi-cropping in the agricultural sector and the development of agro based services and investment involving larger participation of the people, meaningfully contributing to the State's economic health and prosperity. The other equally important area is the rapid and well co-ordinate growth in the infrastructure sector to accelerate natural development where the state holds a very big potential.

The State Government acknowledges that only an open and inclusive society can bring rich dividends to our state. A society that shuts its door to the outer world is bound to lag behind - a small state becomes big when it embraces the world.

Industrial Infrastructure

 

   With a view to provide infrastructure facilities to the Prospective Entrepreneurs/Investors the Assam Industrial Development Corporation (AIDC) and the Assam Industrial Infrastructure Development Corporation (AIIDC) have been asked to develop new Industrial parks by procuring more land in the State. Meanwhile various Industrial Infrastructures such as several Industrial Growth Centers, IID Projects, and Industrial Parks etc. have already been established in almost all the districts of the State. Open land of 80 lakh sq. m. have already been developed and so far 32 lakh sq. m. have been allotted to various Industrial Projects in the State. The remaining 48 lakh sq. m. or 1000 acres of developed land is available today. Besides readymade industrial sheds, the Department is in possession of huge plots of fully developed open land ready for allotment to the prospective parties interested in establishing their industries in different locations in the State.

Investment Acknowledgement

 

 The Government of Assam acknowledges the importance of Information dissemination to the prospective investors and facilitates them to set up their enterprises in the State. The Government has created an Investment Cell which will act as a single point source for investors seeking information and assistance in the various sectors of investment in the state and help them to establish their industrial units. The Cell houses the various offerings from all the organizations of the Industries & Commerce Department like Tourism, Handloom & Textile, Power, Mines & Minerals, and Agriculture. It also houses a small Business Centre for immediate facilitation of the business proposals. The Cell is located in the Block 'C', 3rd Floor in the Assam Secretariat.

For any queries and assistance, contact :

Ms.Neera Daulagupu, ACS
Special Officer,
Investment Cell,
Industries & Commerce Department.
+91 94350-77122 (M)
Phone: +91- 361-2237256
E-mail: 
info@investinassam.com, iiscassam@yahoo.co.in

Human Resource

 

 The pursuit for progress in Industries cannot be made unless there is skilled/ trained manpower in the State. Government of Assam strongly feels that strengthening the linkages between educational Institutions and Industries provides the much needed synergy.



The State has 5 (five) universities including 1 (one) agricultural university, 3 (three) medical colleges, 5 (five) engineering colleges including an Indian Institute of Technology (IIT). It also has 8 (eight) polytechnics & 23 (twenty-three) Industrial Training Institutes (ITIs). 2 (two) more medical colleges are coming up.



Four universities in the state offer Master Degree Courses in Management and Computer Applications.



The state has numerous Law Colleges. CIPET also offers Diploma & Certificate courses and the Tool Room Training Centre offers Certificate courses.



Indian Institute of Entrepreneurship and Micro, Small & Medium Enterprises Development Institute also trains the state’s human resource.

In recent times, Government has encouraged setting up of various educational complexes, vocational institutes running traditional trades/specialized courses. The State Government has initiated steps by formation of the State Steering Committee & formation of 27 (twenty seven) numbers of IMC in the ITIs and industry partners are working closely with the ITI for skill development. 

Presently, there are 4 (four) ITI’s under the Center of Excellence through retroactive funding scheme, Three ITIs covered under COE through competitive scheme. In addition, six ITIs have been taken up in the year 07-08 under PPP mode. Four ITIs are proposed to be taken up in 08-09.Twelve ITIs are implementing MES (Modular Employable Skill) in various sectors like-electrical, automobiles etc. The State would sponsor 50,000 youths to receive skills outside the State in the next three years. Their skills would empower them in becoming self-employed.

Assam has numerous educational institutions with a substantial portion of the population in the 15 to 25 age group in the major towns being computer literate. The state has a literacy rate of 52.89%. The female literacy in this region of 43.03% is higher than the national average of 39.19%. Assam has four universities and one agricultural university. It also has 3 medical colleges and one for aquaculture. With reference to technical education, the state has 4 engineering colleges including an IIT (Indian Institute of Technology), 23 vocational training institutes (ITI), 8 polytechnics and 1 junior technical school.

Major Training and Research Institutions in Assam



Central Institute of Plastics Engineering & Technology (CIPET)



Central Institute of Indian Languages



Central Institute of Technology, Kokrajhar



Indian Institute of Technology, Guwahati



Indian Institute of Entrepreneurship



National Institute of Technology, Silchar



National Institute of Rural Development



North Eastern Regional Institute of Water and Land Management, Tezpur



Guwahati Stock Exchange, Guwahati



Rain Forest Research Institute (RFRI), Jorhat



North East Institute of Science and Technology (NEIST), Jorhat



Regional Science Centre, Guwahati



Small Industries Service Institute (SISI)



Tool Room & Training Centre (TRTC), Guwahati

Investment Facilitation

 

 Assam intends to attract maximum investment in all available potential sectors by the entrepreneurs of the country and Foreign Direct Investment (FDI). The State Government has constituted a separate cell – The Industrial Investment Secretariat Cell (IISC) to facilitate investment – and a High Level Committee to accord fast track clearance for investment proposals. The Cell will function as a single point of contact for all inquiries from investors including supplying of information pertaining to permissions/ procedures/ guidelines.


To synergize its efforts with the above mentioned policy, the State Government of Assam also offers attractive investment incentives and also subsidies on power consumption through its industrial policy.

Procedural Simplification-

1. Allotment of Land/Shade

All applications received for allotment of land up to 1 acre and shed up to 500 square metres in the Industrial Estates/ Industrial Areas/IIDC/Growth Centre etc. will be disposed off within a maximum time period of 30 days. Since as per Chapter 5, the I.E./ I.A./G.C. under Industries Department will be transferred to AIIDC; hence a committee headed by M.D. AIIDC/ AIDC/ ASIDC will allot land/ shed up to 1 acre under their respective control within the above time period. A Nodal Officer from Directorate of Industries & Commerce will be a member in the above land allotment committee. Requirement beyond above limits will be disposed off within 60 days by a State Level Committee chaired by Principal / Commissioner, Secretary, Industries & Commerce Department with representatives from departments of Revenue and Finance. 

 

 

Other Infrastructure

 

 Information Technology Park


A major IT park with the proposed investment of over 500 Crores rupees over an area of approximately 100 acres of land is being developed in the PPP mode at Guwahati near the airport. The park will contain state-of-the-art infrastructure necessary for IT Enabled Services and BPO’s. Thus it will attempt to leverage the easy availability of local well trained manpower and those from the region presently working outside which contribute a significant percentage.

Assam has a large manpower base that is highly skilled in Information Technology. As such, opportunities exist for IT Enabled Services like call centers, back office operations, revenue accounting, data entry and conversion, transcription and translation, content development, animation, engineering and design, market research, consultancy and management.

At present the Software Technology Park of India and NEDFi IT park is operational with good infrastructure, power backup and high bandwidth for the IT companies of the State. 

Guwahati Bio-Tech Park

considering the importance of bio technology, an integrated park to provide all infrastructural and other related services is considered to be developed. 

Taxation System

 

  India has a fairly developed tax regime with a clearly demarcated authority between Central Government, State Governments and Local bodies. Central Government levies   taxes on income (except tax on agricultural income, which the State Governments can levy), customs duty, central excise and service tax. 
  Many State Governments have substituted Sales Tax with Valued Added Tax (VAT). The VAT ( or Sales tax in some states where VAT has not been implemented), State   Excise, Stamp duty, Land Revenue, and Professional Tax are levied by State Governments. Local State bodies are given the power to levy tax on properties, water    supply, drainage/sewerage, etc. 

 The taxation system in India has undergone many reforms over the last 15 years where tax rates have been stabilized and simpler tax laws implemented for compliance  ease of tax payment and enforcement. 

 Central Government Taxes

 Direct Taxes

 


 


Tax on Corporate Income


 


Capital Tax Gains


 


Personal Income Tax


 


Tax Incentives


 


Double Taxation Avoidance Treaty

Indirect Taxes


 


Excise Duty


 


Customs Duty


 


Service Tax


 


Securities Transaction Tax

 For detailed information click this useful links:


 


Income Tax Department or Taxmann


 


Central Board of Excise and Customs


 


Central Board of Excise and Customs relating to Service Tax

State Government Taxes


 


Value Added Tax


 


Entry Tax


 


Stamp Duty


 


Professional Tax

Intellectual Property Rights

 

    

       India provides protection to Intellectual Property Rights in accordance with its obligations under the TRIPS Agreement of the           WTO. The importance of intellectual property in India is well established at all levels-statutory, administrative and judicial. India         has well-established administrative mechanism for enforcement of Intellectual Property Rights. Police officers are empowered to       take action against the infringement of IPRs in case of pirated and counterfeit products

     Cases of infringement of IPRSs are tried in the judicial courts. Indian Intellectual Poverty Rights Law also provide for appeals in        the judicial courts of the administrative decisions relating to Intellectual Property Rights.

     Details of patents Act, Copyright Act, Trademark Acts, Geographical Indications, and Industrial Designs can be obtained from          the following links.


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Controller General of Patents Designs and Trademarks


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Intellectual Property Office


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A Hand Book of Copyright Law


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Trade Marks Act, 1999


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Geographical Indications of Goods


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Intellectual Property Lab, Industrial Design