Arunachal CM promises special tax benefits to M&E industry

CM Pema Khandu, along with his delegation, is in Mumbai to meet top M&E representatives

by Ruhail Amin
Published - Jun 13, 2019 11:36 AM Updated: Jun 13, 2019 11:36 AM
Khandu

In order to build a strong case for the Media & Entertainment Industry (M&E) to look at Arunachal Pradesh as a destination that can counter foreign locales at very low cost points, Chief Minister Pema Khandu is in Mumbai to meet top representatives from the M&E industry.

Speaking about his visit, Khandu said, “I feel very few people know about Northeast and people in big cities like Mumbai and Delhi think that Northeast is a single state.  But it is not the fact. Northeast has its own diversity and its own sub cultures which we need to showcase to people in big cities.”

One of his top priorities during this visit is to invite Bollywood filmmakers to shoot in Arunachal, which in his view, offers unmatched idyllic locations.

“Over the years, road, air and communication connectivity has drastically improved and now my vision is to leverage this to attract investments in the state. For example, when it comes to Bollywood, Arunachal has a lot to offer. Its idyllic locations are no less than any European country and we want to build on the strengths that we have to offer,” said Khandu.

He further added, “If you look at the growth in tourism that our state has witnessed, Bollywood has played a significant role in that. In 1997, Koyla movie was shot there and two years back another movie Rangoon was shot in Arunachal Pradesh.  Now I want to create greater engagement between Bollywood and Arunachal and we are ready to create a win-win kind of model to make it happen.”

Khandu is also hopeful that he will be able to convince more private sector players to look at Arunachal as a potential place to invest. Speaking about his vision for the economic turnaround of the state, Khandu said, “Arunachal has been blessed with lot of natural resources.  If you talk about hydro power, we have the country’s largest potential. We have around 25 lakh hectares of fertile land, of which, we are using 3.5 lakh hectares only. So we offer a huge scope for agro based industries.”

“I have already directed the industries department to come up with a state policy that ensures ease of doing business in the state and we will release a policy paper on it soon. We want to encourage more industries to look at Arunachal and benefit from the immense opportunities that the state offers,” he further added.

The CM also said that his state will offer special tax benefits to the M&E industry.

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