The Ministry of Textiles have taken an initiative to organize first ever Investors Summit exclusively for NER in association with Ministry of DONER and the Industry Associations FICCI and CII on 30-31 January 2017 at Shillong. The Summit aims to showcase the NER as a global destination for investment, and explore possibility of convergence of efforts of various central Ministries and North Eastern States to attract investment in NER.
Investors Summit for the NE will also boost the economy
The Investors Summit will be attended by all the North Eastern States, Industries from North East and leading investors across the country. The Summit is expected to unlock huge potential of the NER in textile manufacturing and generate new avenues for employment in the region.
North Eastern Region has potential for investments particularly in the field of textiles and handicrafts due to its inherent strength for skilled work force and locally available raw material, experts opine.
Ministry of Textiles is implementing projects worth Rs 1050 cr for Handlooms, Handicrafts, sericulture, Apparel & Garmenting, Technical textiles etc. in the eight States of North East region in line with the “Act East” policy of the Government,
These projects have created a foundation for further growth of manufacturing in textile sector. Other line Ministries also have schemes where various incentives/ concessions are available for investments in NER. However, the information is mostly in silos and does not provide a comprehensive picture to the investors about the opportunities in North East.
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