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Federation Of Industries & Commerce Of North Eastern Region

 

A PROFILE


The Federation of Industries & Commerce of North Eastern Region was formed in 1992 for the creation and sustenance of an environment conductive to the growth of the industry, trade and commerce in the northeastern states of India. FINER is a non-government, non-profit making, industry led and managed organization. FINER has a membership of over 300 firms and is the largest chamber of commerce, industry and trade of the region. The membership ranges from the tiny sector to the mega-size industries and includes both private and public sectors. It includes several industry/sectoral associations and state/district level associations.

FINER plays a proactive role in the economic development of the Northeast through information and analysis based inputs in policy formulation. FINER is a member of many advisory committees in the areas of Power, Central Excise, Customs, Banking, Export, Industry, Public sector reforms, etc. FINER's view is frequently sought by the government as well as by the media. We maintain close liason with MPs from the region. On many occasion MPs have raised issues in parliament based on our representation and reports. The credibility that FINER has built up over the past 13 years of existence ensures that its voice is always heard.

FINER had played a very important role in formulation and subsequent amendments to the Northeast Industrial Policy, introduction of international flights from Guwahati airport, formulation of industrial policies of the states of the region, fixation of reasonable power tariff, transport subsidy on tea exported from ICD, Amingaon etc. FINER has contributed significantly in the legislation of Assam Value Added Tax Act, 2003 and Assam Power Act, 2003. Increase in credit flow to the Northeast is another area where FINER has made positive and tangible contribution.

FINER maintains regular interactions with foreign embassies and high commissions. FINER has been invited for participating in various programmes abroad in countries like USA and UK. A business delegation of the organization had visited Bangladesh for exploring trade opportunities. FINER participated in business delegation to Egypt led by Smti Vasundhara Raje, then Minister of State for SSI, Govt. of India in 2002 and to Myanmar for participating in the "Made in India" show held at Yangoon, Myanmar in 2004.

At the national level FINER is affiliated to FICCI and CII and is represented in several of their national committees. Joint programmes are held with them from time to time. FINER has a MoU with the government of Assam and FICCI for the promotion of industrial investment in Assam. An international investment meet named 'Guwahati Initiative' was organized very successfully in February 2001 in association with FICCI, NEC, Assam Government and Ministry of Commerce.

In a rapidly changing business environment, FINER has been at the forefront, helping industry find new solutions and enhance its competitiveness. FINER regularly arranges seminars, workshops, conferences on subjects relevant to the members. Under FINER's initiative 10 entrepreneurs from the Northeast underwent a two week programme at IIM, Ahmedabad on "Small & Medium Enterprises". FINER organised a seminar " Emerging Opportunities in the Northeast" in association with SBI, which was an eye opener for the new entrepreneurs. Emphasizing on the potentiality available in the northeast India, the region being encompassing by as many as five neighbouring countries the Federation has recently organised a seminar "Lookeast- the Infrastructural Requirements" in association with DONER and ILFS.

One of the primary aims of FINER is the dissemination of information to its members. FINER is on the mailing list of many government departments/agencies and foreign embassies/consulates. Information collected from various sources is published in a monthly 'FINER Bulletin'. This is circulated not only to all members, but also to concerned central govt. departments, northeastern state govt. departments/agencies, banks, MPs, Governors, Chief Ministers, etc.

FINER recognizes that social responsibility must be integrated into strategic planning of corporate. FINER plays its role in socially useful projects including one on marketing of hand made traditional 'gamochas'. As a conscious citizen it has even filed a PIL at the Gauhati High Court to make the Consumer Courts functional to enforce consumer rights. It has brought out a Report on the "Impact of Bandhs on the economy of Assam". The report was discussed and appreciated in the Assam Assembly. FINER's reports on banking scenario "Banking In The Northeast" and on pollution "Environmental Law, Rules and Regulations impacting Industries" have also received acclamations.

 

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