New Delhi: A growing summit in the northeast, which takes place on 23 – 24 May by the Ministry of Development of the Northeast Region (MDoner), attracted investment proposals worth £4.3 trillion, along a series of roadshow across nine Indian cities and orders with main companies, public sector companies and foreign governments.
In a statement published on May 25, Mdoner stated that he was conducting extensive discussions with various parties involved, including ambassadors, diplomats and investors to support investment opportunities in the northeast.
It was a “meeting of ambassadors” including representatives from more than 95 countries, six round tables focused on the state, six sectoral industrial interactions and more consultations with PSU, chambers and corporate houses.
Read this | Investments up to 1.5 trillion 2.5 trillion in the northeast region in front of the summit: Scindia “> Govt Eyes £2.5 trillion proposed investment in the northeast region in front of the summit: Scindia
“These discussions brought real fruit in shape. £4.3 Lakh Crore worth investment designs, ”said Jyotiraditya Scindia, Minister of Communication and Development of the Northeast Region.
On the start of the summit, head of the Business Board of Reliance Industries Mukesh Ambani, the chairman of the Adani Gautam Adani Group and Chairman Vedanta Anil Agarwal announced plans to invest more than 1.55 trillion £ in the region “>>> £1.55 trillion in the region.
Mint on May 14 reported that the government focuses on cumulative proposals £2.5–3 trillion, numbers that have now overcome the final sum of the summit.
To ensure effective implementation, Mdoner has established eight sector working groups focused on agriculture, sports, investment support, tourism, economic corridors, infrastructure, textiles and crafts and animal breeding. Every northeast state will also develop its own sectoral plan, Scindia said.
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“We will continue with B2G and B2B dialogues, with MDoner acting as a bridge between investors and state governments to ensure a rapid conversion of projects into Earth projects,” he added.
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Sukanta Majumdar, State Minister for DEFER, emphasized the profits of the region’s infrastructure in the last decade.
“The national highway in the region increased from 10,905 km in 2014 to 16,207 km in 2024. The power capacity increased by 694.5 megawatts and more than 10,000 miles of transmission and distribution lines.
Scindia also emphasized the historical economic significance of the northeast. “After six decades after the independence of the non -participating government, they did not recognize the huge potential of this country – which once contributed almost 20% to Indian GDP,” he said. ” £4.3 Lakh Crore (trillion) Investment pipes can help turn it into economic energy. ”
The proposed investments will be expanded in all eight northeast countries – Arunacal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura. Scindia added that the region also has a strategic potential like a gateway to Southeast Asia.
To increase the curtain of the summit at the beginning of this month, Mdoner shared a schedule of 732 investment proposals worth £1.12 Lakh Crore already in the pipeline: ARUNACHAL PRADESH: £24 338 Crore (77 designs), Assam: £38 685 crore (106 designs), manipur: £2 919 crore (39 designs), meghalaya: £14 753 Crore (110 designs), Mizoram: £5 111 crore (75 designs), Nagaland: £8 671 Crore (82 designs), Sikkim: £6 747 Crore (110 designs) and Tripura: £11 755 crore (132 designs).
(Tagstotranslate) northeast india investment
