The Industrial Policy, 2008 of Arunachal Pradesh is formulated to achieve the objectives: To create an investment-friendly environment in the State for industrial growth in the private/ joint venture / cooperative sectors for sustainable economic development of Arunachal Pradesh; To generate employment opportunities in the State; To make Arunachal Pradesh a preferred destination for outside investors; To encourage local entrepreneurs to set up enterprises based on locally available raw materials; To promote export oriented industrial units; To take steps to promote hand loom and handicrafts; To promote local investors through joint ventures with outside investors; To encourage industrial units producing high value - low volume products; and To ensure fast track clearance of industrial proposals.