In a significant development, to boost the investment promotion in North East Region, the Ministry of Development of North East region has formed a high level Task Force making Tripura Chief Minister Prof. Dr. Manik Saha as the Convener.
During the 72nd Plenary of North Eastern Council held on 21st December 2024 at Agartala, Tripura, it was decided to constitute a High-Level Task Force on Investment Promotion in NER involving CMs of North Eastern States.
Accordingly, it has been decided to constitute a High-Level Task Force in which Dr Saha appointed as Convener, Jyotiraditya Scindia, Union Minister of MDoNER, Conrad Sangma, Chief Minister of Meghalaya, Neiphiu Rio, Chief Minister of Nagaland and Prem Singh Tamang Chief Minister of Sikkim appointed as Members of the Task Force.
Task Force will submit its reports to NEC in six months’ time as per the Terms of Reference of the Task Force, which, inter-alia, includes:
“Assess the existing investment ecosystem, including policies, incentives, and infrastructure in NER. Develop a strategic roadmap to position NER as a preferred investment destination for priority sectors such as agriculture, tourism, logistics, IT, and renewable energy. Highlight high-potential sectors and regions within NER to create focused investment clusters for promotion of sectoral hubs such as agro-processing zones, tourism circuits, IT parks, and renewable energy corridors etc. Develop strategies to attract both domestic and international investments in the priority sectors, with emphasis on public-private partnerships (PPPs)”, the notification of MDoNER said.
It said that the tast force will recommend policy reforms to streamline approvals, enhance ease of doing business, and address investor concerns.
IANS Agartala adds:
The task force, which would submit its report to the NEC within six months, would assess the existing investment ecosystem, including policies, incentives, and infrastructure in the northeastern region and develop a strategic roadmap to position the region as a preferred investment destination for priority sectors such as agriculture, tourism, logistics, IT, and renewable energy.
The task force would highlight high-potential sectors and regions within NER to create focused investment clusters for the promotion of sectoral hubs such as agro-processing zones, tourism circuits, IT parks, renewable energy corridors etc. It would suggest developing strategies to attract both domestic and international investments in the priority sectors, with emphasis on public-private partnerships (PPPs), the notification of the DoNER Ministry said.
It said that the task force would also recommend policy reforms to streamline approvals, enhance ease of doing business, and address investor concerns.
Meanwhile, the DoNER Ministry has already organised eight ‘Northeast Trade and Investment Roadshows’ in different parts of the country including Mumbai, Chennai, Ahmedabad, Delhi, and Kolkata to highlight the resources and potentiality of the northeastern states.
The DoNER Ministry hosted the last ‘North East Trade and Investment Roadshow’ in Chennai on February 5 with DoNER Minister Scindia inaugurating the roadshow and inviting investors and industrialists to join the transformative journey of the ‘Ashtalakshmi’ region as it charts its path to becoming a leading engine of India’s growth.
