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Mint
25-05-2025
- Business
- Mint
Northeast secures ₹4.3 trillion investment proposals at MDoNER Summit
New Delhi: The Rising North East Summit, held on 23–24 May by the Ministry of Development of the North Eastern Region (MDoNER), has attracted investment proposals worth ₹ 4.3 trillion, following a series of roadshows across nine Indian cities and engagements with major corporates, public sector undertakings, and foreign governments. In a statement released on 25 May, MDoNER said it has been holding extensive discussions with various stakeholders, including ambassadors, diplomats, and investors to promote investment opportunities in the Northeast. These included 'Ambassadors' Meets' involving representatives from over 95 countries, six state-focused roundtables, six sector-specific industry interactions, and multiple consultations with PSUs, business chambers, and corporate houses. 'These discussions have borne real fruit in the form of ₹ 4.3 lakh crore worth of investment proposals,' said Jyotiraditya Scindia, minister for communications and development of the north eastern region. On the summit's opening day, business leaders including Reliance Industries chairman Mukesh Ambani, Adani Group chairperson Gautam Adani, and Vedanta chairman Anil Agarwal announced plans to invest more than ₹ 1.55 trillion in the region. Mint had reported on 14 May that the government was targeting cumulative proposals of ₹ 2.5–3 trillion, figures now surpassed by the summit's final tally. To ensure effective implementation, MDoNER has set up eight sectoral task forces focusing on agriculture, sports, investment promotion, tourism, economic corridors, infrastructure, textiles and handicrafts, and animal husbandry. Each northeastern state will also develop its own sectoral roadmap, Scindia said. 'We will continue B2G and B2B dialogues, with MDoNER acting as a bridge between investors and state governments to ensure rapid conversion of proposals into on-ground projects,' he added. Read this | Sukanta Majumdar, minister of state for DoNER, highlighted the region's infrastructure gains over the past decade. 'National highways in the region have grown from 10,905 km in 2014 to 16,207 km in 2024. Power capacity has risen by 694.5 megawatts, and over 10,000 circuit kilometers of transmission and distribution lines have been added. The number of operational airports has nearly doubled—from nine in 2014 to 17 in 2024,' he said. Scindia also underlined the Northeast's historical economic importance. 'For six decades after Independence, successive governments failed to recognize the vast potential of this land—which once contributed nearly 20% to India's GDP,' he said. 'The ₹ 4.3 lakh crore (trillion) investment pipeline can help transform it into an economic powerhouse.' The proposed investments will be spread across all eight Northeastern states—Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura. Scindia added that the region also holds strategic potential as a gateway to Southeast Asia. At the summit's curtain raiser earlier this month, MDoNER had shared a breakdown of 732 investment proposals worth ₹ 1.12 lakh crore already in the pipeline: Arunachal Pradesh: ₹ 24,338 crore (77 proposals), Assam: ₹ 38,685 crore (106 proposals), Manipur: ₹ 2,919 crore (39 proposals), Meghalaya: ₹ 14,753 crore (110 proposals), Mizoram: ₹ 5,111 crore (75 proposals), Nagaland: ₹ 8,671 crore (82 proposals), Sikkim: ₹ 6,747 crore (110 proposals), and Tripura: ₹ 11,755 crore (132 proposals).
India Gazette
25-05-2025
- Business
- India Gazette
Stage is set for northeast Indian states to rise with Rs 4.3 lakh crore investment proposals
New Delhi [India], May 25 (ANI): The very first edition of 'Rising North East Investors Summit 2025', organised by the central government with an aim to highlight northeastern region as a land of opportunity, drew a whopping Rs 4.3 lakh crore in investment intention, setting the stage for these states to become India's next economic powerhouse. This is the first investment summit organised on this scale since the inception of the Ministry of the Department of North Eastern Region (MDoNER). Industry leaders, including Mukesh Ambani, Chairman of Reliance Industries, Gautam Adani, Chairperson of Adani Group, and Anil Agarwal, Chairman of Vedanta, collectively announced investments worth more than Rs 155,000 crore to explore opportunities in the region during the event's inauguration ceremony, on Friday morning, in presence of Prime Minister Narendra Modi. According to a statement from MDoNER, Mukesh Ambani pledged Rs 75,000 crore over the next five years, targeting agriculture, telecommunications, digital services, and local enterprise development. Gautam Adani announced an additional Rs 50,000 crore investment over the next decade, and Anil Agarwal announced more than Rs 30,000 crore investment in the northeast Indian states. 'I reaffirm our promise: every MoU, every proposal discussed here will be pursued relentlessly. The Northeast Region, our NER, now embarks on a journey of New Economic Revolution, a New Economic Revival -- where it will emerge as India's International Gateway to Southeast Asia,' said the Union Minister of DoNER, Jyotiraditya Scindia, in his concluding remarks on Saturday afternoon. The investment summit hosted 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 two-day Summit is the culmination of various pre-summit activities, such as a series of roadshows and states' roundtables, including the Ambassador's Meet and the Bilateral Chambers Meet, organised by the central government with active support from the state governments of the northeastern region. The pre-summit roadshows were held in Mumbai, Bengaluru, Ahmedabad, Chennai, Hyderabad, Kolkata, Guwahati, and New Delhi, among others. In the inaugural ceremony of the summit held on Friday, the Prime Minister highlighted that over the past decade, Rs 21,000 crore has been invested in the Northeast's education sector. He noted key developments, including the establishment of over 800 new schools, the region's first AIIMS, nine new medical colleges, and two new IIITs. The Prime Minister assured that the Northeast now offers top-tier talent across various sectors, encouraging industries and investors to leverage the region's immense potential. The prime minister noted that a whole new sky of possibilities is opening up for the northeastern states. He also cited a few initiatives taken by his government to improve trade linkages with neighbouring countries. 'In the coming decade, the trade potential of the Northeast is set to grow manifold,' PM Modi had said. Noting that the trade volume between Indian and ASEAN countries is around USD 125 billion, the prime minister said it will surpass USD 200 billion in the next decade, and the Northeast will become a strong bridge for this trade. Once fully operational, the India-Myanmar-Thailand Trilateral Highway will establish direct connectivity to Thailand through Myanmar. This will ease India's connectivity with countries like Thailand, Vietnam, and Laos. 'Our government is also working swiftly to complete the Kaladan Multimodal Transit Project, which will connect the Kolkata Port to Sittwe Port in Myanmar, and further link the rest of the Northeast via Mizoram. This will significantly reduce the distance between West Bengal and Mizoram and prove to be a major boon for industry and trade,' PM Modi said. The northeast region's GSDP at current prices is Rs 9.26 lakh crore in 2023-24. GSDP of NER states grew at a CAGR of 10.8 per cent, from 2014-15 to 2021-22 (against the national average of 8.1 per cent). (ANI)
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
North-East has become the engine of India's growth: Scindia highlights 11.25 lakh crore investment
New Delhi [India], May 22 (ANI): Union Minister for Communications and Development of the North Eastern Region (MDoNER), Jyotiraditya M Scindia, on Thursday highlighted major economic and infrastructure progress in the Northeast under Prime Minister Narendra Modi's leadership, ahead of the Rising Northeast Investors Summit 2025. The two-day maiden 'Rising Northeast: The Investors' Summit 2025' is being held at Bharat Mandapam in the national capital to showcase the investment and trade potential of the Northeast Region on May 23 and 24, said a release. Speaking in the national capital, Scindia said, 'Prime Minister's resolve and strong will have enabled all eight states of the North East region to be fully prepared to contribute to the story of the world's development and progress.' Citing the 10% gross budgetary support allocated to the region, the minister said, 'An investment of Rs 6 lakh crore was made there. Apart from this, an additional Rs 5 lakh 25 thousand crore was given to the states through the tax devolution programme, which brought an all-around change in this region under the leadership of PM Modi.' Scindia noted a shift in investor sentiment towards the Northeast. 'Investors are excited to invest in the North-East because they recognise that the North Eastern states have emerged as a new growth paradigm. So today, if our thirty-six states and union territories are one train, the North-East have become the engine of that train.' The minister further announced plans for future investment. 'Tomorrow, investments worth Rs 4 lakh 22 thousand crore have been outlined for these eight states,' he stated. Referring to the upcoming Rising Northeast Investors Summit 2025, Scindia said, 'This summit is not our first or second experiment; it is the third experiment by the DoNER Ministry for the North-East.' Organised by the Ministry of DoNER in partnerships with FICCI and Invest India, the summit, to be inaugurated by Prime Minister Narendra Modi, aims to highlight the region's geostrategic advantage, abundant natural resources, skilled workforce, and access to captive markets in the Northeast and neighbouring countries. 'The Northeast Region is an emerging frontier for businesses, and the summit offers an ideal platform for forging alliances, partnerships, and acquiring a clear vision of the opportunities available for expanding businesses, making new investments, setting up green field manufacturing projects and associated activities,' said an official of DoNER. (ANI)
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Business Standard
04-05-2025
- Business
- Business Standard
Northeast has tremendous capabilities, launch pad for global South: Scindia
India's northeastern states -- growing at between 11-12 per cent -- present "tremendous opportunity" as launch pad for all of global South, Union Minister Jyotiraditya Scindia has said underlining its historic and "fundamental" significance in the economies and trade networks of the entire South-East Asian region. Scindia, who is Minister for Development of the North Eastern Region (MDoNER) and of Communications, has been actively driving initiatives to enhance connectivity, infrastructure and ecosystems across the northeast, positioning the region as India's next economic powerhouse, integrating all the eight states into a unified growth vision. Earlier this week, the minister met top honchos of India Inc., including Reliance Industries Chairman Mukesh Ambani, Aditya Birla Group Chairman Kumar Mangalam Birla as well as Tata Sons' Chairman N Chandrasekaran in Mumbai, ahead of the Rising Northeast Investment Summit 2025 scheduled to be held in New Delhi this month. Discussions focused on region-specific growth sectors including agro-based industries, textiles, and tourism. In a recent interview to PTI, Scindia noted that the northeast has historically been a very fundamental part of economies and trade for the whole of South-East Asia. "It is important to keep in mind the history of the North is through the North-East that goods and services used to travel all the way up to Europe. I believe that the North-East Prime Minister's leadership, the concept of what used to be the last state has become today the first state," Scindia said. Scindia noted that the northeast, endowed with rich natural and human resources, is experiencing growth rates exceeding the national average by over 300 basis points, with each of the eight states growing at around 11-12 per cent. He emphasised that this positions the region as a strong launch pad for the entire 'Global South'. "I believe that today, as they grow, and their growth rates are in excess of 300 basis points of the national average... that each one of our eight states are growing at between 11-12 per cent. They present a tremendous opportunity for a launch pad for all of the global south. And that has been the Prime Minister's vision, which is what we are actualising on by the tremendous amount of investment into infrastructure, be it railways, highways, airports, waterways per cent of Gross Budget Support (GBS), which is close to one lakh crore, going into the North-East every single year," Scindia said. The northeast is undergoing a transformation, he said outlining the tremendous capabilities the region has. "So I think the capability of the northeast today is paramount. And we need to be able to actualise and make sure that we give them that launch pad, if you will, to be able to contribute to the nation's progress," he said.
