365Telugu.com online news,Hyderabad,5th July 2023: The Ministry of Development of the North Eastern Region successfully conducted the 2nd Roadshow of the Northeast Global Investors Summit in Hyderabad today. The event took off on a promising note garnering significant attention from more than 300 participants. Senior government officials from the Ministry of DoNER and North East Region honoured the occasion with their esteemed presence.
Distinguished government officials representing the Ministry of DoNER, State governments of the Northeastern region, officials from FICCI (Industry Partner), and Invest India (Investment Facilitation Partner), provided insightful guidance to investors on emerging opportunities in the key sectors of the region.
Other eminent members gracing the event were Mr K Moses Chalai, Secretary, Northeastern Council and Shri Harpreet Singh, Joint Secretary of the MDoNER. They engaged in productive discussions highlighting the vast investment opportunities in Northeast India.
Addressing the investors Mr K Moses Chalai, Secretary, North Eastern Council pointed out that the North East has a bright, talented and educated workforce. The political leadership is dynamic and educated and is open to economic investment.” He urged investors to take advantage of the thriving ecosystem.
The Matarbari Sea Port will be ready by 2027. Built by an efficient Japanese team, it will bring the biggest sea vessels to the country linking the Bay of Bengal with the rest of the country and the world. “ North East is ready for technology and IT. And North East is better placed in this area” He assured the investors that the state and the central government with stakeholders will create a conducive investment climate for investors.
Giving a snapshot of the North Eastern Region, Harpreet Singh said, “The region needs people from the private sector to come and invest. With all the infrastructure that is coming up, the cost of logistics is reducing. The cost of living is already low, promoting cost competitiveness. There are high-quality regional resources and products.”
He further added, by “2030, 37 billion are expected to join the working-age population, who are aspirational and eager to work, ensuring a young and talented workforce.” He pointed at strategic importance of the region as it is a gateway to the South East Asian markets. He concluded on a promising note announcing, 350 registrations in the Hyderabad Roadshow and close to 1200 in Mumbai which assured a good going.
The inaugural speech was by V V Rama Raju, Co Chairman, FICCI Telangana State Council welcoming delegates and setting the landscape for investment in the Northeastern Region as a thriving business destination.” The event witnessed engagement from entrepreneurs, investors, and industry associates.
Representatives from the North Eastern States presented the most advantageous sectors in their state inviting investors. Interested to capitalise on the investment opportunities in the region, top companies engaged in the G2B sessions with individual states.
North East is a strategic region that offers easy access to ASEAN economies. With a favourable business environment, it presents tremendous opportunities for enterprises to thrive due to its expanding consumer market, driven by urbanisation and a significant rise in disposable income among people. Several key sectors of the region are brimming with business opportunities for investors to explore.
The higher education sector offers potential for investors to establish quality educational infrastructure like skill development centres, universities and technical institutions to meet the growing demand from the region and neighbouring countries.
The region’s abundant natural resources, such as bamboo, timber, silk, clay, and natural fibres give it an advantage in the global demand for eco-friendly handicrafts and handloom products.
Similarly, the IT sector benefits from favourable government policies and incentives such as tax exemptions, which have been attracting IT companies to set up operations in the region. The government’s focus on developing sports infrastructure and specialised training facilities in the North East further encourages investments in the sports sector.
The economic progress of India’s North East Region plays a vital role in achieving the nation’s ambitious goal of a five trillion-dollar economy. The government continues to invest in capacity building, aiming to foster rapid yet sustainable development in the region.
In line with this commitment, the Ministry of DoNER has initiated the North East Global Investors Summit as a prominent endeavour to attract investments and drive economic growth in the region.
As part of the Northeast Global Investor Summit, successful Roundtables have been organised in the Northeastern states of Assam, Tripura, Mizoram, Meghalaya, Sikkim and Nagaland and the 1st Roadshow saw promising participation in Mumbai.
The Ministry is also expected to organise similar investor Roadshows in Kolkata and Dhaka, Bangladesh in the run-up to the lead event of the Northeast Global Investors Summit in New Delhi later this year. This event promises to be a game-changer, bringing together influential investors, industry leaders, and government officials on a national and international scale.