Gateway to Southeast Asia: Scindia Encourages Investment in North-East
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Mumbai, Dec 17 (NationPress) The North-East stands as India's gateway to the South, and investing in this area will provide investors access to the expansive Southeast Asian markets, according to Union Minister for Communications and Development of North Eastern Region (DoNER), Jyotiraditya Scindia.
During the ‘North East Trade and Investment Roadshow’ held here, the minister highlighted the region's tremendous potential, which is now poised to contribute to India’s advancement with an impressive 11 percent GDP growth rate.
“The enhancement of infrastructure, human resources, and specialized sectors has established North-East India as a vital participant in the nation’s future,” he remarked.
The Union Minister stressed the necessity of fostering connections between the dynamic business ecosystems of Mumbai and the North-East, ensuring a smooth trajectory for growth and innovation.
He further elaborated on the region’s advancements across various sectors, including tourism, renewable energy, sports, and IT, and highlighted the imperative for a targeted quality-driven strategy for the region's development.
Scindia assured investors that the region’s youth, high literacy rates, and abundant natural resources make it an optimal investment destination, particularly in sustainable agriculture, manufacturing, and technology.
“With policies established to promote business growth and a commitment to minimizing bureaucratic obstacles, North-East India is now rolling out the red carpet for investors, which will significantly contribute to the growth of India, especially its youth,” Scindia stated.
Tripura Chief Minister Professor (Dr) Manik Saha confirmed that under the direction of Prime Minister Narendra Modi, the North-East region, particularly Tripura, is experiencing remarkable growth.
Tripura, recognized as one of the most peaceful states, has shown impressive economic performance with a per capita income of Rs 1,77,000, making it the second-largest GSDP contributor in the North-East.
With strong infrastructure comprising excellent road, water, air, and rail connectivity, along with a supportive investment environment, the state is emerging as a favored choice for investors.
Meghalaya Chief Minister Conrad K Sangma mentioned that the state is undergoing transformative growth, fueled by effective leadership and a focused investment and development strategy.
“Under the guidance of PM Modi, the state has implemented investor-friendly policies and received substantial interest, particularly in sectors such as tourism, food processing, and infrastructure,” he added.
