Guwahati, Dec 17: The Centre along with state governments of Northeast have asked investors to invest in NE to them access to the vast Southeast Asian markets.
The Ministry of Development of North Eastern Region (MDoNER) hosted the North East Trade and Investment Roadshow in Mumbai on December 16. 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 Jyotiraditya M. Scindia, Union Minister for Communications and MDoNER; Professor (Dr.) Manik Saha, Chief Minister of Tripura; and Conrad K. Sangma, 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.
Speaking at the meeting, Union Minister Jyotiraditya M. Scindia lauded the transformation of the North Eastern Region under the leadership of Prime Minister Narendra Modi. Acknowledging the efforts of the region’s Chief Ministers, he emphasized the North East’s readiness to contribute to India’s growth with an impressive 11% GDP growth rate.
“The North East is a gateway to Southeast Asia, offering unique advantages for investors,” said Scindia. He outlined the region’s progress in sectors such as tourism, renewable energy, sports, and IT, emphasizing a quality-driven development approach. With a skilled workforce, abundant natural resources, and supportive policies, the North East offers an attractive proposition for investors. He invited businesses to seize the opportunity and be part of the region’s growth journey.
He 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.
Meghalaya’s Strategic Growth Vision
Conrad K. Sangma, Chief Minister of Meghalaya, detailed the state’s rapid development, driven by investor-friendly policies. Key sectors like tourism, food processing, and infrastructure are seeing significant growth. The completion of a new airport in Shillong and increased investment in high-end hospitality have positioned Meghalaya as a top tourism destination.
“We are empowering our youth through skill development and focusing on sports, IT, and agriculture,” said Shri Sangma. Highlighting Meghalaya’s untapped potential, he called on investors to capitalize on the state’s abundant resources and strategic location.
“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” Sangma said.
Tripura Chief Minister Showcases State’s Investment Appeal
Professor (Dr.) Manik Saha, Chief Minister of Tripura, highlighted his state’s achievements under the Act East Policy. Describing Tripura as one of India’s most peaceful states, he pointed to its strong economic performance, with a per capita income of ₹1,77,000, the second-largest GSDP contributor in the Northeast.
“Tripura’s connectivity via road, rail, air, and waterways has made it a preferred investment destination,” said Dr. Saha. The state’s natural resources, including bamboo, rubber, and aromatic resin, present vast opportunities in horticulture, tourism, and manufacturing. Additionally, Tripura’s focus on technological advancement, e-governance, and the UNNATI 2024 scheme aims to create a conducive investment climate.
Investment Opportunities Highlighted
Chanchal Kumar, Secretary of MDoNER, emphasized that the North Eastern Region’s GDP contribution stands at 2.9%, with a CAGR that surpasses the national average. Over the past decade, connectivity in the region has seen a transformation, with new roads, railways, air routes, waterways, and digital links reaching even the most remote areas.
“With stable policy regimes and tailored investment incentives, the North East is poised for rapid growth,” said Shri Kumar. He urged investors to recognize the region’s immense potential and explore opportunities for growth and expansion.
Ms Monalisa Dash, Joint Secretary of MDoNER, highlighted the impact of development initiatives over the past decade, which have directly benefited local communities. “With 17 operational airports, a growing road and rail network, and 20 waterways, the North East is experiencing unprecedented connectivity,” she said. Ms. Dash also underlined the potential of the UNNATI Scheme, PM DevINE, and Ayushman Bharat in fostering sustainable growth.
