Jyotiraditya M. Scindia, Union Minister for Ministry of Development of North Eastern Region (MDoNER), Professor (Dr.) Manik Saha, Chief Minister of Tripura, and Conrad K. Sangma, Chief Minister of Meghalaya Contribute to the Remarkable Success!
FinTech BizNews Service
Mumbai, 16 December 2024: The Ministry of Development of North Eastern Region (MDoNER) hosted the North East Trade and Investment Roadshow in Mumbai today. Following a yearlong series of roadshows across top Indian cities, the Roadshow in Mumbai garnered tremendous attention from the economic hub of India. The event was attended by Shri Jyotiraditya M. Scindia, Hon'ble Union Minister for Communications and MDoNER; Professor (Dr.) Manik Saha, Hon'ble Chief Minister of Tripura; and Shri Conrad K. Sangma, Hon'ble Chief Minister of Meghalaya, along with senior officials from MDoNER, including Shri Chanchal Kumar, Secretary, MDoNER, and Ms. Monalisa Dash, Joint Secretary, MDoNER, Government officials from North Eastern States, alongside Senior representatives from Ministry of DONER.
While addressing the event, Hon’ble Union Minister Shri Jyotiraditya M. Scindia praised the transformation of North East India under the leadership of Hon’ble Prime Minister and acknowledged the leadership of the Chief Ministers of the region, whose vision and commitment have brought about significant change over the past decade. He emphasised the region’s immense potential, which now stands ready to contribute to India’s growth, with an impressive 11% GDP growth rate. The development of infrastructure, human resources, and specialized sectors has positioned North East India as a key player in the nation’s future. Highlighting the region’s unique advantages, he underlined that North East is a gateway and offers access to Southeast Asian markets. Hon’ble Union Minister emphasised the importance of building bridges between the vibrant business ecosystems of Mumbai and North East India thereby ensuring a seamless path for growth and innovation. The Minister further outlined the region’s progress in various sectors, including tourism, renewable energy, sports, & IT and emphasized the need for a focused quality-driven approach for development of the region. He assured investors that the region’s youth, high literacy rates, and abundant natural resources make it an ideal destination for investment, particularly in areas like sustainable agriculture, manufacturing, and technology. With policies in place to support business growth and a commitment to reducing red tape, North East India is now offering a red carpet to investors, which will contribute to the growth of India especially its youth. In his concluding remarks he invited investors to the North Eastern Region and play a key role in shaping the future of the region.
The Hon’ble Chief Minister of Tripura, Professor (Dr.) Manik Saha, reaffirmed that under the leadership of the Hon'ble Prime Minister, North East India, particularly Tripura, is witnessing remarkable growth. Further, the Act East Policy of Government of India is driving development in the region. Tripura, recognised as one of the most peaceful states, has demonstrated impressive economic performance with a per capita income of ₹1,77,000, making it the second-largest GSDP contributor in North East India. With robust infrastructure, including excellent road, water, air, and rail connectivity, and a supportive investment climate, the state is becoming a preferred destination for investors. Tripura's abundant natural resources, such as bamboo, rubber, and aromatic resin, along with its sustainable agricultural practices, create endless possibilities for growth in industries like horticulture, tourism, and manufacturing. He also underlined that the state's focus on technological advancement is evident with its IT policy, introduction of e-office and e-cabinet systems, and widespread 4G connectivity in villages. In order to reap the benefits of high literacy rate of 95.16%, Tripura is investing in healthcare, education, and skill development. The state's commitment to providing time-bound clearances for investors and leveraging the UNNATI 2024 scheme further strengthens its position as an investment hub. Tripura is set to become a major player in India's growth story, offering attractive incentives and a conducive environment for businesses to thrive.
Hon'ble Chief Minister of Meghalaya, Shri Conrad K. Sangma informed that Meghalaya is witnessing transformative growth, driven by strong leadership with a focused investment and development strategy. Under the guidance of Hon’ble Prime Minister Shri Narendra Modi, the state has developed investor-friendly policies and attracted significant responses, particularly in sectors like tourism, food processing, and infrastructure. The completion of a new airport in Shillong and investment in luxury accommodations has positioned Meghalaya as a premier tourism destination. With vast untapped resources, a skilled workforce, and thriving sectors like agriculture, IT, and sports, the state is poised for continued growth and development. The government’s focus on youth empowerment with initiatives like training nurses for domestic as well as international placement and creation of IT opportunities has strengthen its growth potential. With a vibrant tourism sector, high-end hospitality projects, and a rapidly growing sports industry, the state offers immense opportunities for investors. The ongoing developments are a testament to the government’s commitment to making Meghalaya a key player in India’s growth story.
Shri. Chanchal Kumar, Secretary of MDoNER underlined the region's remarkable progress driven by infrastructure development of the region. He mentioned that NER GDP contribution stands at 2.9%, yet the CAGR of the North Eastern Region exceeds the national average. With better infrastructure, stable and consistent policy regimes across NER states and conducive climate for growth and investment in the region, NER is poised for further accelerated growth. He highlighted that over the last 10 years, connectivity of the region has been transformed whether its roads, rail, air, water, and digital links, reaching even the most remote areas. Further, the North Eastern States have tailored, attractive policies aligned with the central government to encourage investment. He informed about the immense potential of the region and urged investors to invest in the North Eastern region.
Smt. Monalisa Dash, Joint Secretary of MDoNER highlighted about the decade-long development initiatives and projects, which have directly benefited local communities. She underlined that North East of India is emerging as a land of boundless opportunities, rich in minerals, biodiversity, and hydropower potential. With 17 operational airports, an expanding road and rail network, and 20 waterways, the region is experiencing a transformational journey. Supported by key initiatives like the UNNATI Scheme, PM DevINE, and Ayushman Bharat, the region is set for sustainable growth and development. She underlined that North East, a home to a vibrant culture, has a high literacy rate, a booming sports sector, and thriving tourism industry for attracting investment. As infrastructure improves and policies align, the North East is poised to become a hub for investment and growth, offering endless possibilities for investors.
Government officials from North Eastern States, alongside representatives from FICCI, shared valuable insights into opportunities across various sectors. The event attracted significant interest from leading businesses, showcasing the strong investment potential in the region.
As part of the pre-summit activities of the North East Investors Summit, various activities have been conducted including State roundtables, roadshows in major cities etc. which have attracted significant interest from potential investors.
The Mumbai roadshow witnessed considerable interest, with several B2G meetings generating potential investments for the North East Region.
