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Hans India
23-05-2025
- Business
- Hans India
Northeast transformed from backward frontier region to growth front-runner: PM Modi
Prime Minister Narendra Modi on Friday gave a clarion call to India Inc. to reap the first mover advantage for investing in the northeast states as the region has been transformed, in the last 11 years, from a backward 'frontier region to a growth front-runner.' Addressing the Rising North East Investors Summit in the national capital, PM Modi said the government's policy had accorded priority in development to the northeast, as a result of which the region has now come to the centre stage of India's growth story. He highlighted that as part of this policy, Union Cabinet ministers had visited the northeast states more than 700 times, and he also had made a night stay mandatory for them during their visit. This enabled the Centre to get a first-hand feel of the ground reality and the aspirations of the people in drawing up the strategy for development, he explained. The development of the northeast is not only a brick and mortar story reflected in the massive infrastructure development of the region, but also an 'emotional connect' which has resulted in the remarkable growth in the region, he remarked. PM Modi said the infrastructure revolution in the northeast has now transformed the long-time backward region into a land of opportunity. The PM highlighted that more than 11,000 km of highways, hundreds of km of railway lines and the development of waterways formed part of this infrastructure development that has increased connectivity in the region. Besides, the large number of mobile towers providing 4G and 5G connectivity and a 1600 km pipeline gas grid have been constructed in the state. This infrastructure is the backbone that industry can now use to take the development further, as there is now adequate power, highways and logistics in the region. He also highlighted that peace has returned to the region as over 10,000 youths have given up guns to come back to the mainstream, as the government has followed a zero tolerance policy towards terrorism and violence. PM Modi also pointed out that the Centre had invested more than Rs 21,000 crore in the education system in the region in schools, medical colleges, IITs and technical institutes. As a result, skilled manpower was now available for industry. The two-day summit, scheduled for May 23-24, is designed to project the North Eastern Region (NER) as a dynamic and emerging investment destination. The event aims to attract both global and domestic investors by presenting the region's untapped economic potential and fostering collaboration between key stakeholders, investors, industry leaders, and policymakers. The summit marks the culmination of a series of strategic pre-summit engagements undertaken by the Central government with the active participation of all eight northeastern states. These included high-level roadshows, state roundtables, the Ambassadors' Meet, and sessions with bilateral chambers of commerce. Roadshows leading up to the summit were successfully held in major Indian cities, including Mumbai, Bengaluru, Ahmedabad, Chennai, Hyderabad, Kolkata, Guwahati, and New Delhi, to generate momentum and investor interest in the region.
India Gazette
22-05-2025
- Business
- India Gazette
Rising North East Investors Summit 2025 attracts record investment proposals worth Rs 4.22 Lakh Crore: Union Minister Scindia
New Delhi [India], May 22 (ANI): The Rising North East Investors Summit 2025 has garnered unprecedented investment proposals worth Rs 4.22 lakh crore, marking a significant milestone in the region's economic transformation journey, Union Minister for Communications and Development of North Eastern Region Jyotiraditya Scindia announced in an exclusive interview. The massive investment commitment represents a strong vote of confidence in the North East's economic potential and aligns with Prime Minister Narendra Modi's vision of positioning the North Eastern Region (NER) as India's growth engine toward achieving Viksit Bharat by 2047. Speaking about the comprehensive preparatory efforts, Minister Scindia highlighted the one-year intensive outreach campaign conducted by the Ministry of Development of North Eastern Region (DoNER) in collaboration with all eight NER states. 'We have conducted nine domestic roadshows across key cities, organised Ambassadors' Meet with over 75 countries, and facilitated six state-level roundtables along with six sector-specific interactions,' Scindia said. 'Today, I can proudly say that we have secured investment proposals worth Rs 4.22 lakh crore.' He said that companies such as Aditya Birla Group, ITC Group, Adani Group, and Ambani Group will be present. He also said that companies from 75 countries, including France, Germany, Spain, Poland, and Italy, will attend the summit. The Minister underlined that the region's rich culture, natural wealth, and strategic location make it a vital component of India's Act East policy, positioning it as a gateway to Southeast Asian markets. The Rising North East Investors Summit 2025 was designed with three primary objectives: unveiling the investment potential of the North East, facilitating collaboration between industry leaders, policymakers, and entrepreneurs, and building a comprehensive roadmap for growth in the manufacturing and services sectors. The summit's success is underpinned by robust institutional mechanisms. Operational Investment Promotion Agencies (IPAs) are now functional in six states, with the remaining two states' IPAs currently underway. Additionally, eight Chief Minister-led High-Level task forces have been established to develop sectoral strategies across agriculture and allied sectors, sports, investment promotion, tourism, economic corridors, infrastructure, textiles, handlooms and handicrafts, and animal husbandry and poultry. The government has also mapped logistics readiness across an 11-point framework, ensuring comprehensive preparedness for incoming investments. The summit facilitated extensive bilateral engagements with chambers of commerce, Public Sector Undertakings (PSUs), and corporate entities. The event structured over 100 business meeting slots, creating opportunities for meaningful B2G (Business-to-Government) and B2B (Business-to-Business) interactions. Roundtables and workshops brought together diverse stakeholders, including state representatives, foreign investor delegations, startups, corporations, and chambers of commerce, fostering an ecosystem of collaboration and partnership. Minister Scindia's announcement underscores the government's commitment to transforming the North East from a traditionally underdeveloped region into a dynamic economic hub. If materialised, the Rs 4.22 lakh crore investment commitment could significantly alter the region's economic landscape and contribute substantially to India's overall GDP growth. The success of the Rising North East Investors Summit 2025 demonstrates the effectiveness of systematic outreach, policy alignment, and stakeholder engagement in attracting large-scale investments to emerging regions. According to a release, over 2,000 high level delegates, policymakers, industry leaders, investors, multilaterals and start-ups will take part in discussions across nine plus priority sectors such as agri, food processing and allied sectors; textiles, handloom and handicrafts; entertainment and sports; education and skill development; healthcare; IT and ITES; tourism and hospitality; infrastructure and logistics, and energy. A high-level delegation comprising senior officials from Assam will make a strong presence at the summit. Being a major State and a gateway to the Northeast, Assam will showcase its inherent strengths in key sectors as well as emerging sectors with Assam Chief Minister Himanta Biswa Sarma leading from the front. (ANI)
