PM Modi to inaugurate two-day Rising Northeast Investors Summit on May 23
Pre-summit activities have already attracted investment proposals worth more than Rs 1 lakh crore across all the northeastern states
A file image of PM Modi and Chief Minister Sarma (right) during Jumoir Binanadini at Sarusajai Stadium. (Photo: X)
New Delhi, May 22: Prime Minister Narendra Modi will inaugurate a two-day investor summit on Friday that will showcase the investment potentials in the northeastern states and opportunities to access the captive markets in the region.
The “Rising Northeast Investor Summit”, to be held here on May 23 and 24, will see the participation of chief ministers from all northeastern states, Union ministers, top bureaucrats, foreign diplomats and more than 2,000 delegates, policy-makers, industry leaders and investors, among others, officials said.
They will participate in discussions across nine-plus priority sectors such as agriculture, food processing, textiles, tourism, entertainment, education, healthcare, IT and energy.
Minister for Development of North Eastern Region (DoNER), Jyotiraditya Scindia, said the greatest potential for India in the future is the northeastern region.
"The event will showcase our wonderful 'Ashta Lakshmi' -- our eight states, which stand at the heart of the transformative growth that our country represents," Scindia said.
The Northeast's geo-strategic advantage, abundant natural resources, skilled workforce and access to captive markets in the neighbouring countries will also be showcased at the summit, officials said.
“Northeast's cultural tapestry, along with its reservoir of natural resources and the strategic geographical positioning, has translated the region into the most powerful gateway to Southeast Asia," Scindia said.
The pre-summit activities organised by the ministry attracted investment proposals worth more than Rs 1 lakh crore across all the northeastern states, officials said.
In the run-up to the summit, an Ambassadors' Meet was organised here in coordination with the Ministry of External Affairs on April 15 to give exposure to foreign investors on the northeastern region. Ambassadors and high commissioners of more than 75 countries took part in the event.
Many industry houses, investors have already committed large amount of investment interest, while more than Rs 1 lakh crore worth of MoUs and letters of intent have already been signed, the officials said.
PTI