Key policymakers, officials from northeast graced the occasion
Agency
MUMBAI, May 30 2023: Northeast Investors Roadshow held by the Ministry of Development of North Eastern Region (MDoNER) received interest with over 200 business- to-government (B2G) meetings being organised in a single day. Besides a significant number of investors, the event also saw key policymakers and government officials from northeast grace the occasion.
Addressing the First Mumbai Investor Roadshow Lok Ranjan, Secretary, Ministry of DONER, said, “With the investor interest in the region, the North Eastern region has achieved several industrial landmarks. The central and state governments and facilitators such as DoNER have together discussed several investible opportunities with businesses. Our interactions with businesses have revealed several welcoming and proactive experiences around North East.”
He further added, “Efforts are being made to invest and develop the entrepreneurial spirit of the Northeastern region. The progress of the trilateral highway between Bangladesh and India will further enhance the prospects of integration. We are receiving significant support and contributions from various stakeholders. Logistics has been given due attention, and sectors such as food processing, IT, and solar energy have been capitalized upon. From the Ministry of DoNER's perspective, we view these initiatives as proactive steps eagerly embraced by investors."
Senior government officials from North Eastern states, the Ministry of DoNER, and officials from FICCI (Industry Partner), EY (Knowledge Partner), and Invest India (Investment Facilitation Partner) guided investors through new age avenues. Senior officials from North Eastern Handicrafts and Handlooms Development Corporation (NEHHDC), North Eastern Council (NEC), North Eastern Development Finance Corporation (NEDFI), and North Eastern Regional Agricultural Marketing Corporation (NERAMAC) also provided crucial insights during the Investor Roadshow. The event saw keen participation from leading industry associations, Global Investors and Entrepreneurs.
Present during the roadshow were Shri Lok Ranjan, Secretary, Ministry of DONER and Harpreet Singh, Joint Secretary, Ministry of DONER, Ranjit Barthakur, Chairman, FICCI North East Advisory Council who deliberated on the abundant trade and investment potential of Northeastern India. Harpreet Singh, welcoming investors to the North East Roadshow in Mumbai, said, “The North Eastern region is a compelling business and industrial destination. Honourable Prime Minister Shri Narendra Modi has referred to it as a growth- engine driver of the country. The region is a gateway to South East Asian markets and even beyond.”
He further added, “We have identified several priority and marquee sectors such as Agriculture, food-processing and allied sectors; Education and Skill Development; Healthcare and medicine; Power generation; Textiles handicrafts and handloom; IT and IT enable services; tourism and hospitality sector. Many states in the North Eastern region have set up empowered committees on industrial and investment development after the DoNER’s roundtables in the North Eastern state capitals. There is considerable ease of doing business and industrial assistance provided by the central and state governments which should facilitate investors keen to start a business in the region.”
The North East provides immense opportunities for enterprises keen on double-digit organic growth. Some of the top business houses that participated include names such as Dabur, Patanjali, Amul, Parle Agro, Pepsi Co, ITC, Britannia, Hindustan Unilever, Sun Pharmaceuticals, JSW Energy, Indian Oil, Adani Ventures, Mahindra Holidays and many more.
North East is a strategic gateway to South East Asian economies. Each of the eight states in the North East offers a significant business advantage to investors. Sikkim, known for being the country's first fully organic state, has also observed a spurt in pharmaceutical businesses. Meghalaya, Manipur, Mizoram and Tripura too have seen an uptick in investor interest particularly in the Tourism sector. In states such as Arunachal Pradesh, Assam, and Nagaland, investment avenues such as power generation, biotechnology, natural resources, and eco-tourism have gained significance in recent years. The North-eastern states recently hosted G20 meetings as well.
The North East Global Investors Summit is a flagship campaign instituted by the Ministry of DoNER. As part of the Northeast Global Investor Summit, successful Investor Roundtables have been organised across Assam, Tripura, Mizoram, Sikkim, and Meghalaya and is scheduled to be organised in other North Eastern states. Similar to Mumbai, the Ministry is expected to organise Investor Roadshows in Hyderabad, Kolkata, and Dhaka (Bangladesh) in the run-up to the lead investment summit in New Delhi later this year.
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