North East comes to Mumbai to attract investment

North East comes to Mumbai to attract investment with Make In India - Make In North East Summit

Mumbai, 30th June 2016: India's North East is poised to take giant strides towards development. With strong emphasis of Government of India's ‘Act East Policy’, wherein North East would be the gateway to South East Asia, North East would be in the forefront. North East India Business & Cultural Integration initiative aims at promoting North East India as business and tourism destination. As a part of the initiative, Make in North East -As a part of Government of India's Make in India initiative was organised by Confederation of Indian Industry (CII) with support from Department of Industrial Policy & Promotion (DIPP), Govt of India in Mumbai. 

 

The North East part of India can be a major force to reckon with as far as trade and commerce is concerned, concurred the participants who gathered at the conference

 

Speaking on the occasion, Dr. Mukul Sangma, Hon’ble Chief Minister of Meghalaya said, “We want to bring North East closer to other parts of the country. The North East is a conglomeration of frontier states, and is a very important part of the country for geo-political reasons. Hence, the development of the region is of paramount necessity.  As far as Meghalaya is concerned, it is paradise unexplored for the tourism sector and also has huge potential for businesses for sports, infrastructure and health sectors. Our government had embarked upon a number of initiatives to create a conducive environment for business, based on a sustainable model of development.” 

 

During his address Mr. Chandramohan Patowary, Hon’ble Industry Minister, Govt. of Assam said, “The new BJP Government of Assam aims to attract investment in a big way as Assam is the gateway to South East and the Government is ready with land parcels to attract investments. Assam is ready with East of Doing business mechanism to facilitate to help entrepreneurs and investors. Assam is a land of prosperity and hope.” 

 

Mr. Shyamkanu Mahanta, Founder and Chief Executive of the initiative opined, “The North East Festival initiative aims at creating awareness about the North East and to promote investment and tourism. With the Trilateral Highway connecting Moreh in Manipur to Maesot to Thailand, the land locked North East will be connected to the economically prosperous ASEAN region, and it would open up huge vistas of investment in the region catering to South East Asia.” 

 

In his keynote address, Mr. Sandipan Chakravorty, Chairman, CII North East Council said, “CII has been in North East since 2002 to facilitate and help industries and businesses in the region. North East has an abundance of natural resources, and more than 70% of the people from the region are English speaking. Around 96% of the states share international borders with four countries. We have worked towards improving connectivity for the region, not only within the country but the entire world. The region has huge potential in hydroelectricity, tourism, IT & ICT and healthcare sectors.”

 

Captains from Indian Industry from HUL Group, Godrej Group, India Hotel Corporation Ltd, IndusInd Bank and TCS spoke about their positive experience in doing business in the North East and urged investors to look at North East as a destination. Mr. Ajal Lalvani from HUL Group announced that HUL has earmarked an investment of Rs. 1000 crores for the region.

 

Mr. AM Singh, IFS, Joint Secretary, Ministry of Development of North Eastern Region (DoNER) said, “The Ministry of DoNER is a dedicated Ministry for the North East and is geared up to facilitate investment and provide all round support to the industries. We are heavily focusing on skilling and capacity building and are inviting private institutions for this as well. We have a North East BPO scheme, and will provide venture capital fund for budding entrepreneurs from the region. In addition, we are also focusing on horticulture and organic produce. DoNER is also working towards ease of doing business from within the country but across the borders as well.”

 

Mr. OP Gupta, IAS - Controller General of Patents, Designs & Trade Marks, Department of Industrial Policy and Promotion, Government of India made a dedicated presentation on Make in India – Make in North East and invited the top industrial leaders present in the summit to come and invest in the North East region.

 

Mr. Romesh Sobti, Managing Director & CEO, IndusInd Bank said, “We are pleased to be associated with North East India Business & Cultural Integration Initiative. The North Eastern part of the country is a very promising landscape for growing business and opportunities and the Bank sees an enormous potential for the growth of this region. The Bank's participation further aims at providing a positive and accessible business environment for our common goals.”

 

State Governments of the North East Region gave presentations on the possible business avenues in the region. Representatives of corporate houses such as IL&FS, Shapoorji Pallonji and Tata Trust also spoke about the various business avenues in the region.

Photo Caption:

 

Photo 1.jpg:

 

From left to right:

1. Mr. OP Gupta, IAS - Controller General of Patents, Designs & Trade Markds, Department of Industrial Policy and Promotion, Government of India

2. Mr. Ranjit Barthakur, President, Organising Committee

3. Dr. Mukul Sangma, Chief Minister, Meghalaya

4. Mr. Sandipan Chakravorty, Chairman, CII North East Council

5. Mr. AM Singh, IFS - Joint Secretary, Ministry of Development of North Eastern Region, Government of India

6. Mr. Abhijit Barooah, Co Chairman, CII North East Council

7. Mr. Kaushlendra Sinha, CII Regional Director, East & North East

 

Photo 2.jpg:

 

From left to right:

 

1. Mr. Ranjit Barthakur, President, Organising Committee

2. Mr. Chandramohan Patowary, Hon’ble Industry Minister, Govt. of Assam

3. Dr. Mukul Sangma, Chief Minister, Meghalaya

4. Mr. Sandipan Chakravorty, Chairman, CII North East Council

5. Mr. AM Singh, IFS - Joint Secretary, Ministry of Development of North Eastern Region, Government of India

6. Mr. Abhijit Barooah, Co Chairman, CII North East Council

7. Mr. Kaushlendra Sinha, CII Regional Director, East & North East

 

Photo 3.jpg:

 

From left to right:

 

1. Mr. Sandipan Chakravorty, Chairman, CII North East Council

2. Mr. Shyamkanu Mahanta, Chief Organiser, Colours of North East

3. Mr. OP Gupta, IAS - Controller General of Patents, Designs & Trade Markds, Department of Industrial Policy and Promotion, Government of India

4. Mr. Ranjit Barthakur, President, Organising Committee

5. Mr. Chandramohan Patowary, Hon’ble Industry Minister, Govt. of Assam

6. Dr. Mukul Sangma, Chief Minister, Meghalaya

7. Mr. AM Singh, IFS - Joint Secretary, Ministry of Development of North Eastern Region, Government of India

8. Mr. Abhijit Barooah, Co Chairman, CII North East Council

9. Mr. Kaushlendra Sinha, CII Regional Director, East & North East

 

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