Agartala: A two-day business summit to attract investment to the industry-starved northeastern India will be organised in the national capital Jan 9-10, Tripura Industry and Commerce Minister Jitendra Choudhury said here.
Organised by the ministry of development of north-eastern region (DoNER) and the Indian Chamber of Commerce, the 8th North East Business Summit is likely to see participation from investors and experts from abroad and various parts of the country.
“Investors, businessmen, exporters and policy makers from different parts of India and abroad want to harness the region’s untapped resources,” Choudhury told IANS.
Bangladesh Industry Minister Dilip Barua and some other foreign dignitaries are likely to attend the summit, he said.
External Affairs Minister Salman Khurshid, DoNER Minister Paban Singh Ghatowar, Planning Commission Deputy Chairman Montek Singh Ahluwalia, several chief ministers and ministers of the northeastern states and top officials of various government departments are expected to attend the summit.
“Mineral, forest and human resource still remain untouched in northeast India. Tourism, health care, handloom and handicraft, agriculture, horticulture, food processing and infrastructure development are also high potential investment sectors in the region,” Choudhury said.
Investment and development of information technology, education, energy and border trade in the region will also be highlighted during the summit.
The region is adjacent to China, Myanmar, Bhutan and Bangladesh, which Choudhury said was “an advantage for attracting foreign investment”.
During the summit, seminars, one-to-one meetings and exhibitions highlighting the scope for industries and resources offered by the region would also be held.
“The central and state governments are providing several incentives, subsidies and tax holidays for ventures in the northeastern region,” said Choudhury.
The central government’s incentive package scheme, first implemented in December 1997, was re-introduced as the North East Industrial and Investment Promotion Policy in April 2007.