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India Gazette
22-05-2025
- Business
- India Gazette
PM Modi to inaugurate Rising North East Investors Summit tomorrow in Delhi
New Delhi [India], May 22 (ANI): Prime Minister Narendra Modi will inaugurate the Rising North East Investors Summit on May 23, at around 10:30 AM, at the Bharat Mandapam in New Delhi. According to an official statement, this summit is being organised with an aim to highlight the northeastern region as a land of opportunity, attracting global and domestic investment, and bringing together key stakeholders, investors, and policymakers on a single platform. The Rising North East Investors Summit, a two-day event from May 23-24, is the culmination of various pre-summit activities, such as a series of roadshows, and states' roundtables, including the Ambassador's Meet and Bilateral Chambers Meet. It has been organised by the central government with active support from the state governments of the North Eastern Region. The Summit will include ministerial sessions, Business-to-Government sessions, Business-to-Business meetings, startups, and exhibitions of policy and related initiatives taken by State Governments and central ministries for investment promotion. The main focus sectors of investment promotion include Tourism and Hospitality, Agro-Food Processing and allied sectors, textiles, Handloom, and Handicrafts, healthcare, education and Skill Development, Information Technology or Information Technology-Enabled Services, infrastructure and Logistics, energy, and Entertainment and Sports. A strategic location that offers easy access to ASEAN markets, the Northeast Region, India's growth engine, is endowed with abundant natural resources such as oil, gas, coal, minerals, timber, medicinal plants, bamboo, forest products, and water resources for industries to harness. Northeast India provides direct access to ASEAN markets, positioning it as a vital trade hub. Considered India's Green Hub, the region is home to verdant forests and rich biodiversity, and is an ideal destination for eco tourism and agro-based industries. The region's GSDP at current prices is Rs 9.26 lakh crore in 2023-24. GSDP of NER states grew at CAGR of 10.8 per cent, from 2014-15 to 2021-22 (against national average of 8.1 per cent). At a curtain raiser event on May 14, Chanchal Kumar, Secretary, Ministry for Development of North Eastern Region (MDoNER) informed that the pre-summit activities organised by the Ministry have attracted investment proposals worth more than Rs. 1 lakh crore across all the Northeastern states. In the run-up to the summit, an Ambassadors' Meet was organised in coordination with the Ministry of External Affairs on April 15, 2025, here in the national capital, to give exposure to foreign investors to the region. The event saw unprecedented participation at the level of Ambassadors and High Commissioners of more than 75 countries. (ANI)
India Gazette
22-05-2025
- Business
- India Gazette
Investment summit focusing Northeast region to be held in Delhi, PM to inaugurate Friday morning
New Delhi [India], May 22 (ANI): Prime Minister Narendra Modi will inaugurate the Rising North East Investors Summit on Friday morning here at the national capital's Bharat Mandapam, Prime Minister's Office said in a statement. This Summit is being organised with an aim to highlight northeastern region as a land of opportunity, attracting global and domestic investment, and bringing together key stakeholders, investors, and policymakers on a single platform. The 'Rising North East Investors Summit', a two-day event from May 23-24 is the culmination of various pre-summit activities, such as series of roadshows, and states' roundtables including Ambassador's Meet and Bilateral Chambers Meet organized by the central government with active support from the state governments of the North Eastern Region. The pre-summit roadshows were held in Mumbai, Bengaluru, Ahmedabad, Chennai, Hyderabad, Kolkata, Guwahati, and New Delhi. The Summit includes ministerial sessions, Business-to-Government sessions, Business-to-Business meetings, startups and exhibitions of policy and related initiatives taken by State Government and Central ministries for investment promotion. The main focus sectors of investment promotion include Tourism and Hospitality, Agro-Food Processing and allied sectors; Textiles, Handloom, and Handicrafts; Healthcare; Education and Skill Development; Information Technology or Information Technology Enabled Services; Infrastructure and Logistics; Energy; and Entertainment and Sports. A strategic location that offers easy access to ASEAN markets, the Northeast Region, India's growth engine, is endowed with abundant natural resources such as oil, gas, coal, minerals, timber, medicinal plants, bamboo, forest products, and water resources for industries to harness. Northeast India provides direct access to ASEAN markets, positioning it as a vital trade hub. Considered India's Green Hub, the region is home to verdant forests and rich biodiversity, and is an ideal destination for eco tourism and agro-based industries. The region's GSDP at current prices is Rs 9.26 lakh crore in 2023-24. GSDP of NER states grew at CAGR of 10.8 per cent, from 2014-15 to 2021-22 (against national average of 8.1 per cent). At a curtain raiser event on May 14, Chanchal Kumar, Secretary, Ministry for Development of North Eastern Region (MDoNER) informed that the pre-summit activities organized by the Ministry have attracted investment proposals worth more than Rs. 1 lakh crore across all the Northeastern states. In the run-up to the summit, an Ambassadors' Meet was organized in coordination with the Ministry of External Affairs on April 15, 2025 here in the national capital, to give exposure to foreign investors to the region. The event saw unprecedented participation at the level of Ambassadors and High Commissioners of more than 75 countries. (ANI)
India Gazette
14-05-2025
- Business
- India Gazette
Union Minister Jyotiraditya Scindia chairs curtain raiser event for Rising North East Investor Summit
New Delhi [India], May 14 (ANI): Union Minister of Communications and Minister for Development of North Eastern Region Jyotiraditya Scindia chaired a press meet for the Rising North East Investor Summit on Wednesday, the Ministry of Development of North-East Region said in a press release. Minister of State, Ministry of DoNER - Sukanta Majumdar, Secretary, Ministry of DoNER - Chanchal Kumar, ADG, PIB - Manisha Verma, Statistical Advisor, Ministry of DoNER - Dharmvir Jha, and other senior officials of the Ministry were present at the event. In his address to the media, Union Minister Jyotiraditya Scindia welcomed everyone to the curtain raiser for the North Eastern Investors Summit 2025 and said that the greatest potential for India in the future is our wonderful North Eastern regions. Jyotiraditya Scindia said, 'The event will showcase our wonderful Ashta Lakshmi - our eight states, which stand at the heart of the transformative growth that our country represents.' 'The Prime Minister's resolve, his commitment, his vision, to ensure that the Northeastern region becomes the pivot for the future growth and the future path of India as she advances towards her goal of Vikisit Bharat by 2047,' said the Union Minister. The Minister said whether it is the 10 percent of gross budgetary support (GBS) amounting to almost one lakh crore a year that's been ploughed into the Northeast, whether it's tax devolution, or different arms and the private sector and others taking that leap forward, today the Northeast, which was always considered the periphery of India prior to a decade ago, has become the center of India's growth story. 'North East's cultural tapestry along with the reservoir of natural resources and the strategic geographical positioning of the Northeast, translated the region into the most powerful gateway in the world to Southeast Asia,' he added. The Minister said, 'The last 10 years of committed investment, the last 10 years of the Prime Minister's resolve on infrastructure, on health care, on education, on submarine cable, today has set the platform for that rise of the Northeast into the economic power that it portends to be, not only for India, but for the world.' He added that the North East is not waiting for the future but it is building it. 'I invite all of you to join in witnessing the dawn of this new era for this magnificent region, an era that promises prosperity, not only for the Northeast, but the rest of India, and the rest of Southeast Asia,' said the Union Minister. Scindia informed that Prime Minister Narendra Modi has consented to grace the occasion. The Rising North East investment summit will witness participation from different Ministries of the Government of India, MPs, diplomats, and Chief Ministers of North Eastern States, among others Chanchal Kumar, Secretary MDoNER, presented key investment opportunities spanning all eight Northeastern states during the event. A presentation by Chanchal Kumar highlighted various investor roadshows organised by MDoNER in different Indian cities, including Mumbai, Bengaluru, Ahmedabad, Chennai, Hyderabad, Kolkata, Guwahati, and New Delhi, to promote investment in the NER. MDoNER Secretary informed that the pre-summit activities organised by MDoNER have attracted investment proposals worth more than Rs. 1 lakh crore across all the Northeastern states. In the run-up to the summit, an Ambassadors' Meet was organised in coordination with the Ministry of External Affairs on April 15, 2025 at Sushma Swaraj Bhawan, to give exposure to foreign investors to the region. The event saw unprecedented participation at the level of Ambassadors and High Commissioners of more than 75 countries, showcasing the enormous interest of the missions to explore the region. The purpose is to give a boost to the investment system of north east. Many industry houses, investors have already committed large amount of investment interest. More than one lakh crore MOUs and Letter on Intent have been signed. The Rising North East Investor Summit is the culmination of various pre-summit activities, such as investment roadshows, ambassador meets, bilateral chamber meets, etc., to promote investment in the North East region. The focus sectors of the summit include Tourism and Hospitality, Agro-Food Processing and allied sectors; Textiles, Handloom and Handicrafts, Healthcare; Education and Skill Development; IT/ITeS; Infrastructure and Logistics; Energy; and Entertainment & Sports. MDoNER has been undertaking several initiatives to present NER as a land of opportunity, attracting global and domestic investment and bringing together key stakeholders, investors, and policymakers on a single platform. A business-friendly ecosystem, bolstered by government-driven infrastructure upgrades and targeted skill development initiatives, has ignited a fervent race among industrial titans to tap into the region's vast potential. Looking ahead to Vision 2047, the Government aims to position the North East as India's most prosperous region -- a global hub for startups, a leading exporter of exotic horticultural products, and the crown jewel of Indian tourism. (ANI)
