The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has approved Capital Investment Subsidy amounting to ₹ 264.67 crore to four industrial units located in North Eastern Region (NER) including Sikkim under Central Capital Investment Subsidy Scheme (CCISS), 2007 of North East Industrial Investment and Promotion Policy (NEIIPP), 2007.

The CCEA has also revised financial powers for approval of capital investment subsidy claims upto ₹ 500 crore which will be now approved by the Minister of Commerce & Industry. This will facilitate expeditious settlement of claims.

The grant of subsidy to the industrial units will not only provide incentives to the operational units but also boost confidence of existing investors as well as potential investors in the states of NER.

The Government of India has been implementing this Scheme to promote industrialization in North Eastern Region.

Capital investment subsidy expanded to North Eastern industrial units; ministerial approval widened to expedite subsidy claim settlement. Capital investment subsidy support has been approved for industrial units in the North Eastern Region under the Central Capital Investment Subsidy Scheme to encourage industrialisation and investor confidence; administrative authority for sanctioning subsidy claims has been restructured so the Minister of Commerce & Industry now approves larger claims to expedite claim settlement.