Following Hyderabad, Bengaluru, Investment Roadshow Set for Mumbai on December 16 to Boost NE States

Agartala/Shillong, December 14 (NationPress) Following successful events in Hyderabad, Bengaluru, and Kolkata, the Northeast Trade and Investment Roadshow is set to occur in Mumbai on Monday, aimed at attracting investment to the northeastern states, as officials announced on Saturday.

Vishwasree B., Director of the Tripura Industries and Commerce Department, mentioned that the Ministry of Development of North Eastern Region (MDoNER) will conduct the roadshow, featuring participation from all northeastern states.

“We aim to showcase the investment potential in Tripura across sectors such as bamboo, Agarwood, rubber, food processing, tourism, and more,” she stated in an interview with IANS.

The director noted that previous roadshows in Hyderabad, Bengaluru, Kolkata, and various other cities have effectively highlighted the resources and investment opportunities available in the northeastern states.

Officials from Agartala and Shillong confirmed the participation of Tripura Chief Minister Manik Saha and Meghalaya Chief Minister Conrad K. Sangma in the roadshow.

Recently, the Tripura Chief Minister announced the state government's commitment to attracting investors, revealing that in the past year, 212 investors visited, leading to the signing of MoUs for investments exceeding Rs 5,900 crore. Additionally, over 200 investment proposals have been made, with Rs 1,000 crore currently in the pipeline.

According to an official statement, DoNER Minister Jyotiraditya Scindia, along with senior officials from various Union ministries and representatives from all eight northeastern states, will attend the roadshow.

The event will include Business to Government (B2G) meetings, providing a unique opportunity for prospective investors to engage directly with state representatives and explore various investment prospects.

This initiative is being organized in collaboration with the state governments of the northeastern states, FICCI as the Industry Partner, and Invest India as the Investment Facilitation Partner.

The Mumbai Roadshow represents the sixth event in this ongoing series, showcasing presentations from the eight northeastern states: Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura.

These states will present a variety of investment opportunities in critical sectors such as agri-food processing, IT & ITES, entertainment and sports, energy, infrastructure & logistics, tourism & hospitality, education & skill development, and healthcare, all essential for driving economic growth in the region, as per the statement.

The statement emphasized that Prime Minister Narendra Modi envisions a mission of 'Viksit Bharat and Viksit North East'.

In the last decade, substantial efforts have been made to enhance infrastructure throughout the region by developing roadways, highways, airways, railways, and waterways.

These initiatives have significantly improved the lives of the region's inhabitants, resulting in a boost in tourism and economic activities.

The North East Investor Summit aligns with this vision, acting as a catalyst to attract investments and unlock the untapped potential of the region, further advancing its path toward prosperity and development, the statement added.

Previous roadshows in Mumbai, Hyderabad, Kolkata, and Bengaluru, along with the state seminar at Vibrant Gujarat, have sparked considerable interest among potential investors.

Building upon these initiatives, the DoNER Ministry also conducted a signing and exchange of MoUs event for the North East Investors Summit on March 6 at Vigyan Bhawan in New Delhi, facilitating discussions between senior officials and investors.

The recent roadshow in Hyderabad, attended by Minister of State for DoNER, Sukanta Majumdar, saw numerous B2G meetings that nurtured potential investments.

According to the statement, the Mumbai Roadshow aims to maintain this momentum, allowing investors to interact directly with state officials.

Given the success of prior editions, this roadshow is anticipated to garner even greater attention and participation, solidifying the city’s role as a financial hub for fostering economic growth in the northeast.

The session will provide valuable insights from ministers and state presentations, emphasizing investment opportunities and enabling investors to engage with the thriving investment landscape of northeast India.