Latest news with #RisingNortheast
Time of India
2 days ago
- Business
- Time of India
Khandu discusses positives of ‘Rising Northeast' with guv
1 2 3 4 Itanagar: Arunachal Pradesh CM Pema Khandu on Thursday called on governor KT Parnaik at the Raj Bhavan, with their discussion primarily centred around the recently-held 'Rising Northeast' initiative, organised by the Union ministry of development of North Eastern Region (DoNER), an official statement from the Raj Bhavan said. Lauding the initiative, the governor termed it as a turning point in the region's development and said the event served as an exhibition of the northeast's diverse opportunities in manufacturing a platform to build meaningful partnerships across sectors. Congratulating CM Khandu and his deputy Chowna Mein for securing MoUs with business houses and enterprises, the governor suggested exploring more avenues for business expansion and pursuing new investments in the state. He insisted on seizing the opportunity to foster new alliances and long-term collaborations. Parnaik also stressed on the importance of youth engagement, skill development and entrepreneurship as key pillars of the state's future. The idea is to create jobs and also nurture job creators and entrepreneurs, he said. Khandu shared insights from the interactions during the meeting, highlighting the enthusiastic response from industry leaders.
India Gazette
3 days ago
- Business
- India Gazette
Arunachal CM calls on Governor Lt General KT Parnaik after Rising Northeast Investors Summit
Itanagar (Arunachal Pradesh), [India], May 29 (ANI): Arunachal Pradesh Chief Minister Pema Khandu called on the Governor of Arunachal Pradesh, Lt General KT Parnaik (Retd.) at Raj Bhavan, Itanagar on Thursday. In the meeting that underscored a shared commitment to the prosperity of Arunachal Pradesh and the broader North-eastern region, they discussed the recently held 'Rising Northeast' initiative, organised by the Ministry of Development of North Eastern Region (DoNER). The Governor lauded the vision behind Rising Northeast, calling it a turning point in the developmental journey of the region. He said that the event served as an exhibition of the Northeast's diverse opportunities in manufacturing and services and as a platform to build meaningful partnerships across sectors. Congratulating the Chief Minister Khandu and Deputy Chief Minister Chowna Mein for securing memoranda of understanding with business houses and enterprises, the Governor suggested exploring more avenues for expanding business and pursuing new investments in Arunachal Pradesh. He insisted on seizing the unique opportunity to foster new alliances and long-term collaborations that can transform lives on the ground. The Governor stressed the importance of youth engagement, skill development, and entrepreneurship as key pillars of the state's future. He said that the idea is to create jobs, and also to nurture job creators and entrepreneurs who can contribute to both local communities and the national economy. Chief Minister Khandu shared insights from the interactions during the event, highlighting the enthusiastic response from industry leaders and the concrete outcomes already taking shape. Earlier this week, the Arunachal Pradesh government signed Memorandums of Understanding worth Rs 6,357 crore with 16 investors across diverse sectors during the two-day Rising Northeast Investors Summit 2025, which was held at Bharat Mandapam, New Delhi, from May 23 to 24, to attract investment in the northeastern Region. (ANI)
Time of India
23-05-2025
- Business
- Time of India
Vedanta commits Rs 80,000 crore investment to transform northeast India at rising northeast summit
Vedanta group chairman Anil Agrawal at Rising Northeast investor summit (ANI) New Delhi: Vedanta Group on Friday announced a Rs 80,000 crore investment across six states in the north east region. The announcement was made during the inaugural session of the Rising Northeast Investors Summit 2025, organized by the ministry of development of northeastern region in New Delhi. Addressing the summit in the presence of Prime Minister Narendra Modi, union minister Jyotiraditya M Scindia, and chief ministers of the Northeastern states, Vedanta chairman Anil Agarwal detailed the company's plans to invest in sectors including oil and gas, critical minerals, refining, power transmission, renewable energy, optical fibre networks, and data centres. This commitment includes the previously announced Rs 50,000 crore for Assam at the Advantage Assam 2.0 summit, and an additional Rs 30,000 crore now allocated to Arunachal Pradesh, Nagaland, Tripura, Meghalaya, and Mizoram. Anil Agarwal emphasized the Northeast's growing economic potential and abundant natural resources, calling the region a 'key engine of growth for Viksit Bharat.' He reaffirmed Vedanta's commitment to playing a transformative role in harnessing these resources responsibly and sustainably. Vedanta's oil and gas subsidiary, Cairn Oil and Gas, has already commenced production at the Hazarigaon field in Assam — the first Discovered Small Field (DSF) in the Northeast to go into operation. The locally produced gas is being supplied to tea estates, supporting a transition from coal-based energy to cleaner fuel, and also powers over 100 CNG buses in Guwahati as part of Assam's green mobility drive. In Arunachal Pradesh, Vedanta has secured vanadium and graphite mineral blocks through recent auctions, aiming to supply India's high-tech manufacturing and clean energy sectors with essential critical minerals. The state holds significant reserves, including the highest graphite deposits in the country and nearly 40% of its hydro power potential. To support regional infrastructure, Vedanta and its sister companies have commissioned a 300-circuit-kilometer transmission network that enables the transfer of 1,000 MW of electricity from Assam to Meghalaya, significantly enhancing power availability and reliability across both states. In addition to its industrial and infrastructure plans, Vedanta is expanding its social development programs. These include modernized anganwadis under the Nand Ghar initiative, digital classrooms, handloom skill development centres, and sports promotion. More than 3,000 women have already benefited from the handloom centres, gaining financial independence through sustainable livelihoods. The company is also engaged in community outreach across 200 villages and has partnered with Kaziranga National Park to strengthen wildlife conservation in the region. With this substantial investment commitment, Vedanta is positioning itself as a key private sector player in the Northeast's development story, supporting both economic growth and inclusive social progress. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
United News of India
23-05-2025
- Business
- United News of India
PM inaugurates NE Investors Summit, says govt has 'zero tolerance policy' against terrorism, Naxalism
New Delhi, May 23 (UNI) Prime Minister Narendra Modi said on Friday his government has a policy of "zero tolerance'' against terrorism or unrest by Maoist elements. "Be it terrorism or Maoist elements spreading unrest, our government follows a policy of zero tolerance,'' the Prime Minister said while inaugurating the two-day Northeast Rising Summit here on Friday. Reaffirming that peace and law and order are the most crucial factors for any region's development, PM Modi said the Northeast was once associated with blockades and conflict, which severely impacted opportunities for its youth. The government's consistent efforts towards peace agreements had resulted in more than 10,000 young individuals abandoning arms to embrace peace during the past ten-eleven years. This shift had unlocked new employment and entrepreneurial opportunities within the region, he said and added that the MUDRA scheme had provided thousands of crores in financial support to lakhs of youth in the Northeast. The rise of education institutes had helped young individuals develop skills for the future. Describing the youth of the Northeast as not just internet users but emerging digital innovators, he said advancements like over 13,000 km of optical fiber expansion, 4G and 5G coverage, and growing opportunities in the technology sector had encouraged young entrepreneurs to launch major startups within the region, reinforcing the Northeast's role as India's digital gateway. The two-day Summit will highlight India's Northeastern region as a land of opportunity to attract global and domestic investment there. It will focus on tourism, agro-food processing, textiles, information technology, infrastructure, energy, entertainment and sports. It will include ministerial sessions, Business-to-Government sessions, Business-to-Business meetings, startups and policy initiatives by the state governments and central Ministries for investment promotion. Describing the event as a "celebration of investment in the Northeast", he said Rising Northeast is "more than just an investors' summit—it is a movement and a call to action'. The Prime Minister said the region is becoming a key destination for sectors like energy and semiconductors and is witnessing unprecedented progress. The government is determined to accelerate its growth story. Northeast is a complete package for tourism, he said and added that the region is a perfect destination for its nature and organic life-style. Whether concerts, global conferences or destination weddings, Northeast is a perfect destination. There was a time when the Northeast was merely called a Frontier Region. Today, it is emerging as the Front-Runner of Growth, he said, adding that his government went forward from 'Look East' to the 'mantra of Act East'. "The government's effort has been to make the 'Heal in India mantra' a global mantra.'' "For us, EAST means - Empower, Act, Strengthen and Transform. This is the government's policy for Eastern India,'' the PM said. Pointing out that the Northeast is "the most diverse region of our diverse nation'', he said that this diversity is its big strength. Emphasising the critical role of Eastern India in achieving a Viksit Bharat, the Prime Minister underscored the Northeast as its most vital component. 'For us, EAST is not just a direction but a vision—Empower, Act, Strengthen, and Transform—which defines the policy framework for the region', he stated, highlighting that this approach has placed Eastern India, particularly the Northeast, at the center stage of India's growth trajectory. He said the government's engagement with the region goes beyond policy measures, fostering a heartfelt connection with its people. 'While the Northeast was once regarded merely as a frontier region, it is now emerging as a front-runner in India's growth story,' he added. Underlining that robust infrastructure plays a key role in making the tourism sector attractive and instilling confidence among investors, he said well-developed roads, power infrastructure, and logistics networks constitute the backbone of any industry, facilitating seamless trade and economic growth. The government has initiated an Infrastructure Revolution in the Northeast, he said and added the region is now emerging as a Land of Opportunities. Thousands of crores have been invested in enhancing connectivity including in projects like the Sela Tunnel in Arunachal Pradesh and the Bhupen Hazarika Bridge in Assam. He highlighted key advancements in the past decade, including the construction of 11,000 km of highways, extensive new railway lines, a doubling of airport numbers, the development of waterways on the Brahmaputra and Barak rivers, and the installation of hundreds of mobile towers. The Prime Minister highlighted that over the past decade, Rs 21,000 crore has been invested in the Northeast's education sector. Underscoring the government's commitment to facilitating the establishment of food processing units in the Northeast, the Prime Minister said while enhanced connectivity is already supporting this initiative, additional efforts were being made to develop mega food parks, expand cold storage networks and provide testing lab facilities. He highlighted the launch of the Oil Palm Mission, recognising the Northeast's soil and climate as highly suitable for palm oil cultivation. He noted that beyond investment opportunities in plants and infrastructure, there is significant potential in manufacturing, including solar modules, cells, storage solutions, and research. On the growing role of Assam in strengthening India's semiconductor ecosystem, he said the first Made in India chip from a Northeast-based semiconductor plant would soon be introduced, signalling a major milestone for the region. This development is unlocking opportunities for cutting-edge technology and solidifying the Northeast's position in India's high-tech industrial growth. UNI RB RN
