CM urges Union Finance Minister to release pending funds.


Guwahati/ 17th September’2017(Prag News Desk): State Treasury is facing fund crunch thus on Saturday, Chief Minister Sarbananda Sonowal sought Union Finance Minister Arun Jaitley’s intervention into the releasing of the pending amount under the Flood Management Programme. The Chief Minister called on Jaitley at his official residence updated him of the challenges posed by flood and erosion in the State and that the release of money against 141 schemes would further help in speedy implementation of all the flood and erosion management projects which are in process.

Sonowal further also sought Jaitley’s help in the revival of the two paper mills of Assam under the Hindustan Paper Corporation Limited, highlighting the role played by these units for industrial development of both the Brahmaputra and Barak valleys. Sonowal informed Jaitley that shutdown of these units has had a cascading impact on the bamboo industry in the State and the entrepreneurs associated with it. Reminding the Finance Minister about the State’s pending plea for a revival package of Rs 1,800 crore for the paper mills, Sonowal also underscored that resumption of these unitswould source in employment opportunities.

Sonowal also called on Union Minister for Commerce and Industry Suresh Prabhakar Prabhu and sought his ministry’s help for the promotion of bamboo and agro-based industries in Assam. The meeting that lasted for nearly 45 minutes focused on the State’s potential in organic industry. The Chief Minister also drew Prabhu’s attention of the State’s untapped potential in organic sector.

Sonowal also requested Prabhu for introducing a suitable and flexible industrial policy in line with the earlier North East Industrial and Investment Promotion Policy for Assam. He also sought Prabhu’s help in getting an industrial policy to incentivise investment before the upcoming mega Global Investment Summit to be held in the State in February.

Sonowal urged Prabhu to pump in more resources for value addition to agricultural and horticultural products in the State. He also asked help from the Union Minister to infuse dynamism in Tocklai Tea Research Institute at Jorhat.


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