Industrial & Investment Policy of Assam (Amendment) 2023

The Government of Assam approved the amendment to its existing industrial policy in February 2023 (notification dated 17 Feb 2023) to make the state a more competitive investment destination.
The amendment applies to the existing Industrial and Investment Policy of Assam, 2019 and introduces customised incentives for large (“mega”) projects as well as improved facilitation mechanisms.

Mega Project Category: Projects with an investment of ₹100 crore or more and generating 200 or more permanent jobs qualify for specialised benefits.
Incentives Offered:
- Capital investment / production‑linked subsidy.
- Power‑tariff subsidy and electricity‑duty reimbursement.
- Land subsidy and stamp‑duty reimbursement for industrial land/lease.
- Subsidy on drawl of power line (for connectivity).
Employment Localisation: All non‑skilled (Grade III & IV) employees for mega projects should be sourced from Assam.
Empowered Committee: A high‑level committee headed by the Industries & Commerce Minister will approve customised incentive packages.

Minimum criteria for “Mega Project” status: Investment ≥ ₹100 crore, employment ≥ 200 permanent employees.
The business must apply under the amended policy provisions to claim the enhanced benefits.
For smaller or non‑mega projects, the general benefits under the base policy (2019) continue to apply.
Applicants should ensure compliance with location, employment and local sourcing norms to qualify.

Significantly lowers setup and operating costs through subsidies and power/land incentives.
Offers a strategic advantage if you are planning a large manufacturing, services or infrastructure unit in Assam.
Assam’s location in the Northeast and its newly enhanced policy make it an emerging investment destination.
Being among early movers under this amendment may give your project a competitive edge.

While the incentives are substantial, you must still prepare a solid business plan—meeting investment, employment, timelines and viability criteria is essential.
Approval and realisation of benefits depend on documentation and performance. Ensure you follow policy timelines and guidelines strictly.
Investigate infrastructure readiness (power, logistics, raw materials) in your chosen location in Assam before committing.
Keep abreast of detailed guidelines, as the notification provides the legal basis but implementation rules may follow.