Latest news with #RisingNorthEastInvestorsSummit2025
Hans India
7 days ago
- Business
- Hans India
Northeast holds key for India's $30-trillion vision towards Viksit Bharat: PMO
The northeastern region holds the key for India's $30-trillion vision towards Viksit Bharat at 2047, the Prime Minister's Office (PMO) said on Wednesday. Responding to an X post by Union Minister for Development of North Eastern Region (DoNER), Jyotiraditya Scindia, the PMO said, 'Northeast India is no longer a frontier, it's the front-runner'. 'Union Minister @JM_Scindia pens down a detailed article on the region's rise as a strategic hub for trade, connectivity, and India's $30-trillion vision for Viksit Bharat. Give it a glance,' the PMO said in its tweet. Earlier, Scindia said that the northeast holds the key to a $30-trillion economy. 'I pen down my article on how the Northeast is transforming into India's strategic gateway to Southeast Asia - powering trade, connectivity, and our $30-trillion ambition towards a Viksit Bharat,' the minister posted. At the recently concluded 'Rising North East Investors Summit 2025,' Scindia said that the northeastern region has emerged as a hub of global partnership and mutual interest. The minister informed that the two-day summit drew an unprecedented Rs 4.3 lakh crore investment proposal, setting the stage for the Northeast Region (NER) to become India's next economic powerhouse. 'We will continue B2G and B2B dialogues, where the Ministry for DoNER will act as a bridge between investors and state governments -- to ensure that each approved project translates swiftly into reality,' he assured. Delegations from over 80 countries -- ranging from Japan to Europe to ASEAN nations -- attended the summit, and there was one unanimous sentiment: India's future lies in the Northeast. The Centre adopted a 'whole-of-government' approach for the development of the northeastern region and created eight high-level task forces across key sectors: agriculture, sports, investment promotion, tourism, economic corridors, infrastructure, textiles and handicrafts, and animal husbandry, allowing each state to chart its own roadmap. Prime Minister Narendra Modi has assured that the Northeast now offers top-tier talent across various sectors, encouraging industries and investors to leverage the region's immense potential.
The Hindu
25-05-2025
- Business
- The Hindu
Frontier of progress: On the potential of the northeast
That unity in diversity is India's strength might sound clichéd, but it is as true as ever. Prime Minister Narendra Modi, while speaking at the Rising North East Investors Summit 2025 last week, cited the diversity of India's northeastern region to underscore the vast diversity of the country. The northeast is rich in its cultural diversity and natural resources, and its location, topography and complex histories make it a unique space. But its numerous linguistic, tribal and cultural affinities can be a source of conflict within the Indian state. At times, these conflicts can be violent as the one in Manipur, which erupted on May 3, 2023, and is still simmering between the Kuki and Meiti communities. The Modi government and State governments in the region have sought to turn the region into an attractive destination for investors and tourists. The Sela Tunnel in Arunachal Pradesh, the Bhupen Hazarika bridge in Assam, the construction of 11,000 kilometres of highways, extensive new rail lines, more airports, the development of waterways on the Brahmaputra and Barak rivers, the expansion of mobile telephony, and a 1,600-km-long Northeast Gas Grid are examples of the new dynamism of the region. The Modi government has built on the initiatives of its predecessor United Progressive Alliance governments. Mr. Modi has also sought to settle many a conflict in the region in the last decade. The Framework Agreement with the NSCN (Isak-Muivah) in August 2015, although nebulous now, the Bodo Peace Accord and the Bru refugee settlement (both in January 2020), and the rollback of the Armed Forces (Special Powers) Act from a larger part of the region have been some of the steps signalling the Centre's intent. The change in perception about the northeast and its green cover has led to a surge in tourism and attracted investments, headlined by the Tata Group's ₹27,000-crore semiconductor plant coming up in Assam. But the challenges remain. Apart from Manipur, there is the perception in Nagaland that the Centre has lost interest in the peace process. Inter-State border disputes also continue to haunt the region, although Assam has partially resolved its issues with Arunachal Pradesh and Meghalaya. The investments have increased the demand for power and the focus on hydroelectric projects, most in Arunachal Pradesh, has triggered local protests fearing displacement and environmental damage in a region that is prone to natural disasters. Increased rhetoric by the Bharatiya Janata Party about immigrants from Bangladesh and Myanmar has heightened social tensions. If India has to meaningfully pursue its Act East policy, by integrating the northeast more closely with the east Asian economies, then its policies within the borders and toward the neighbouring countries should be in alignment.
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
24-05-2025
- Business
- India Gazette
Rising North East Investors Summit 2025 emphasises healthcare development
New Delhi [India], May 24 (ANI): Union Minister Anupriya Patel on Saturday highlighted the significance of the North East region in India's growth story, particularly under the Act East policy, at the Rising North East Investors Summit 2025 in Delhi. Anupriya Patel stressed the importance of healthcare in the North East region, encouraging private sector participation to enhance access to quality and affordable healthcare. 'The north-east part of our country is one of the priorities of our government and a very important pillar of India's Act East policy. Taking this notion forward, the Rising North East Investor Summit 2025 has been organised. Under this, healthcare is an important segment... The private sector can play a crucial role in the advancement of healthcare in the entire North East region. The central government has collaborated with the state governments to enhance access to quality and affordable healthcare. We have made every effort to reach out to the people in the North East region. The private sector, which exists, can supplement the government's efforts,' said Patel. The summit aims to attract investments across eight North Eastern states, focusing on sectors like infrastructure, tourism, agro-food processing, IT, energy, textiles, education and semiconductors On Friday, Prime Minister Narendra Modi inaugurated the Rising North East Investors Summit 2025 at Bharat Mandapam in New Delhi, expressing strong confidence in the Northeast region's potential and reaffirming the government's commitment to its continued growth and prosperity. According to the official release, PM Modi, while welcoming dignitaries, industry leaders, and investors, commended the collaborative efforts of various ministries and state governments in creating a business-friendly environment. He highlighted the Northeast's vital role in achieving the goal of a Viksit Bharat (Developed India), saying, 'For us, EAST is not just a direction but a vision--Empower, Act, Strengthen, and Transform.' The Prime Minister underscored the over 700 visits made by Union Ministers to the Northeast, demonstrating their commitment to understanding the land, witnessing people's aspirations, and translating that trust into development policies. 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, organised by the central government with active support from the state governments of the North Eastern Region. 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. (ANI)
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Business Standard
24-05-2025
- Business
- Business Standard
MoUs worth ₹4.18 trillion unveiled at Rising North East Summit: Scindia
Union Minister Jyotiraditya Scindia has said MoUs worth Rs 4.18 lakh crore have been announced with regards to the 'Rising North East Investors Summit 2025' underway in Delhi. The summit was inaugurated by Prime Minister Narendra Modi at Bharat Mandapam in the national capital on Friday. It aims to highlight the region as a land of opportunity, attracting global and domestic investment, and bringing together key stakeholders, investors and policymakers on a single platform. "For the first time, a joint programme for all eight states of the north east is underway. Roadshows were held for it in cities like Bengaluru, Mumbai, Ahmedabad, Chennai, Delhi, Kolkata, and Indore. Meetings were held with various industrial groups. As a result of this effort, a world-class investment summit was organized. Memorandums of Understanding worth Rs 4.18 lakh crore have been announced," Scindia told reporters on Friday. "Each state received investment proposals of Rs 20,000 crore. Along with industrial group leaders, new entrepreneurs from the eight states and ambassadors from 50 countries participated in the summit. We are committed to ensure these investments take off," said Scindia, the Union Minister for Development of North Eastern Region. The main focus sectors of investment promotion include tourism and hospitality, ago-food processing, textiles, handlooms and handicrafts, healthcare, education and skill development as well as information technology.
