Is the ‘Rising Northeast Investor Summit’ Set to Unleash the Region’s True Growth Potential?

New Delhi, May 23 (NationPress) Industry leaders on Friday praised the Rising Northeast Investor Summit as a pivotal initiative aimed at unlocking the vast economic potential of India’s northeastern region.

Vineet Nahata, Director at Power Gilt Treasuries, underscored that the Northeastern region presents tremendous opportunities for growth and advancement.

“Thanks to the effective policies of Prime Minister Narendra Modi’s administration, the region’s authentic capabilities are now being acknowledged. The summit seeks to expedite this growth by utilising the region’s natural resources and enhancing skill development,” he stated.

Adding to the enthusiasm, Pradyot Bikram Manikya Deb Barma, the royal descendant of Tripura and founder of the Tipra Motha Party, expressed, “If we manage to develop even 50% of the Northeast's potential, it could evolve into a significant economic hub, not only for India but for the entire world.”

He remarked that recent statements from Bangladesh, implying that India’s Northeast depends on it for maritime access, have been countered by the robust national backing for investment in the region, as demonstrated at the summit.

Deb Barma also made a regional comparison to illustrate the strategic significance of the Northeast.

“While the West is encumbered by nations like Pakistan and Afghanistan with limited development, the East flourishes with vibrant economies such as Malaysia, Singapore, and Thailand. Sustained focus on the Northeast could lead to a transformative shift,” he added.

Harpreet Singh, President of the Northeast Transport Association, commended the collaborative efforts of the central government and the chief ministers of all eight northeastern states.

“With dedicated attention to infrastructure and connectivity, the region is poised for swift advancement in the forthcoming years,” he noted.

The Rising Northeast Investor Summit was inaugurated by Prime Minister Narendra Modi, who referred to the Northeast as India’s ‘Digital Gateway’.

During his speech, he also highlighted the government’s vision and accomplishments in education and skill development within the region.

“Over the last decade, more than Rs 21,000 crore has been allocated to enhance the Northeast’s educational framework. Approximately 850 new schools, 9 new medical colleges, and a campus of the Indian Institute of Mass Communication in Mizoram have been established. Nearly 200 new skill development centres have also been launched,” stated the Prime Minister.

He emphasised the cultural richness of the region, describing the Northeast as ‘a vibrant reflection of India’s diversity.’

“From trade to tradition, textiles to tourism, the diversity of the Northeast is among its most significant assets,” he added.

Prime Minister Modi reaffirmed that India is on the trajectory to becoming a developed nation by 2047, and the progress of eastern India, particularly the Northeast, will be instrumental in fulfilling that vision.