guwahati as the bjpled government is going to present its first budget on tuesday the federation of industries and commerce of north east region finer one of the largest trade bodies in the region submitted its wishlist to finance minister himanta biswa sarma on monday while appreciating the government for passing the assam ease of doing business bill 2016 in the earlier assembly session finer said the state can expect sustainable revenue growth by having a moderate tax regime and effective tax administration in place we feel there is a great potential for further widening the tax net as a good number of business entities are still out of the tax net however a number of registered dealers have shown a remarkable growth since introduction of assam vat act said finer in a memorandum to the finance minister finer pointed out that though the implementation of assam vat act in the state resulted in about 20 average annual growth in tax collection initially it declined gradually owing to recession and lack of remedial measures in placewe would like to point out that in the meantime there has been a steep increase in tax rates of some items which needs to be rolled back or rationalized said finer chairman r s joshi the trade body also asked the government to take up the issue of north east industrial and investment promotion policy neipp 2007 which has been suspended since december 2014 with the centre so that the suspension is revoked and the policy is extended beyond 2017this suspension is a big setback to the cause of industrialization in the northeast while new investment in the region has been put on hold by the investors projects under implementation are facing severe problems added joshi he said as the northeast has not received any fdi yet the state government should urge the centre for having an fdi policy which incentivizes investment in the state and the regionfiner has highlighted that lack of availability of land has been a major impediment for industrial growth in the state it added that many intending investors could not set up their units for dearth of industrial land