The Assam government has launched the Land and Space Lease Management Policy, 2024, aimed at streamlining land leasing and facilitating investment in the state's IT parks and Electronics Manufacturing Clusters (EMCs). Announced by Chief Minister Himanta Biswa Sarma, the policy is expected to create 8,000 direct and over 100,000 indirect jobs. The initiative aligns with Assam's efforts to position itself as a key player in the IT and electronics sectors, supporting the broader Make in India agenda. Additionally, the government is addressing GST-related issues affecting small traders, further boosting the state's business environment.
The Assam government has launched the Land and Space Lease Management Policy, 2024. Chief Minister Himanta Biswa Sarma announced that this new policy aims to provide a structured approach for investors looking to establish operations in Assam's IT parks and Electronics Manufacturing Clusters (EMCs).
The policy is designed to streamline land leasing and the use of built-up spaces, making it easier for companies to set up their operations in Assam. CM Sarma highlighted that the framework will facilitate investments and provide clarity on land usage for the Assam Electronics Development Corporation Limited (AMTRON). He emphasised that the initiative has the potential to create around 8,000 direct jobs and over 100,000 indirect employment opportunities in the region.
Assam's government has been actively working to position the state as a key player in the IT and electronics sectors. The establishment of Tech Cities, where companies can benefit from supportive infrastructure and incentives, aligns with the broader national agenda of promoting local manufacturing under the Make in India initiative. With an increasing number of IT firms looking for locations with favourable policies and resources, Assam's move is timely and strategic.
In addition to this initiative, the state cabinet has also responded to the concerns of small traders facing difficulties due to notices related to Goods and Services Tax (GST) issues. Following an in-depth review by Cabinet Sub-Committees, the government aims to provide respite to these traders by rectifying certain tax cases that arose from questionable data analysis methods.
The cabinet has outlined specific measures to address these GST-related challenges. For cases from the fiscal years 2017-18 and 2018-19, a total of 26,013 cases are eligible for correction under Section 161 of the Assam GST Act. For later cases, notices will be handled according to new standard operating procedures that consider the thresholds set at INR 5 lakh.
This initiative reflects the state government's commitment to fostering an environment conducive to business while ensuring fair treatment for small traders. By addressing these concerns, the government hopes to encourage more entrepreneurial activity in the state, which could further strengthen Assam's economy.
The Land and Space Lease Management Policy, coupled with the measures to alleviate GST-related burdens, demonstrates Assam's proactive approach in not only promoting investment but also supporting local businesses. As the state continues to create an attractive landscape for IT and electronics investments, it may well become a leading destination in the northeast for tech companies and manufacturers alike.
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