Advisor Hekani Jakhalu graced opening of 1st business conclave
Tovikali
KOHIMA, September 19 2023: Hekani Jakhalu, MLA and Advisor to the Department of Industries, Government of Nagaland (GoN), was a special guest at the opening of the business session of the 1st Northeastern States Chamber of Commerce and Industry Business Conclave (NSCCI). The event took place at a resort in Chumoukedima Tuesday.
One of the key challenges discussed by Jakhalu was the underutilisation of the region's potential, resources, and opportunities for economic growth and development. She stressed the importance of not just establishing infrastructure but also equipping the people with the technical skills required to make use of these resources effectively.
Jakhalu underscored the vital role played by Micro, Small, and Medium Enterprises (MSMEs) in the region's economy. Despite comprising only 1.5% of India's MSMEs, MSMEs in the Northeast contribute nearly 62% to the region's economy in terms of employment, output, and exports. She emphasized the need to focus on MSMEs and convert the region's potential into strength by addressing challenges and issues collectively.
She mentioned the Standing Committee on Commerce's report on 'Development of Trade and Industries in North Eastern Region (NER),' which covers various aspects, including connectivity, enhancing trade, trade with ASEAN, industrial land use, SEZs, bamboo industry, tourism, FDI, and food processing. Jakhalu stressed the need for a dedicated agency to develop the region's agriculture and indigenous horticulture products.
In conclusion, Jakhalu highlighted the rich heritage and potential of the Northeastern states and called for collaboration among all stakeholders to chart a path toward sustainable economic growth. She expressed gratitude to the Northeastern States Chamber of Commerce and Industry for organizing the conclave and encouraged participants to work together to transform their shared vision into reality.
The business session of the conclave included discussions on various topics, including the prospect of business convergence in the Northeastern states, investment opportunities, and India's Act East Policy. Stakeholders from all eight Northeastern states attended the conclave and shared their concerns, issues, and challenges.
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