Mizoram holds first ever investors’ summit
May 31st, 2011 - 2:12 pm ICT by IANSAizawl, May 31 (IANS) Mizoram Tuesday organised its first ever industry summit to harness the resources of the state in a bid to woo investors to set up projects in the industry-starved northeastern state.
Addressing the summit, state Industries Minister S. Hiato said, “Mizoram, one of the most peaceful states in northeastern India, is blessed with natural resources which are still under-utilised.”
He stressed the need to harness the industrial potential of the state for boosting the economy of the mountainous state.
“Mizoram has an excellent climate for investment coupled with central government schemes for industrial promotion such as transport and capital subsidy, central excise and income tax exemption. Investors and industrial houses can take all those scopes and benefits,” the minister stated.
Indian Chamber of Commerce (ICC), union Ministry of Development of Northeastern Region (DoNER) and the Mizoram government’s industries department jointly organised the one-day “Industries summit on investment opportunity in Mizoram.”
Around 30 industrialists, investors and influential functionaries of different companies across the country, whose interests ranged from power, cement, hotel and hospitality, education and skill development, agro and forest based and food processing sectors, took part in the summit.
Mizoram Parliamentary Secretary H. Zothangliana, chief Secretary Vanhela Pachuau and Industry Department Secretary R.L. Rinawma spoke about the different potential sectors that are available for investment in Mizoram.
Later, delegates from various business houses interacted with senior officials of various departments to discuss their potential plans and also seek clarification from the concerned departments.
According to an official document of the Mizoram government, the northeastern state has a potential to generate 3,500 MW hydel power from its rivers.
“The state government is open to private companies for undertaking power projects in Mizoram and has drawn up a policy for private investment in the power sector,” the official document said.
Cuuently, Mizoram has no major or medium-scale industry.
- Food processing industry can help northeast - Nov 24, 2011
- Mizoram asked to seek private partners in power, health - Dec 11, 2010
- Indian Institute of Mass Communication branch in Mizoram - Nov 12, 2010
- Policy to promote textiles in northeast suggested - May 21, 2012
- Will Reliance official's killing hamper investment in Jharkhand? - Apr 07, 2011
- Three new power projects in Mizoram - Mar 27, 2010
- Karnataka hopes to attract $120 bn in investments - Mar 01, 2012
- Northeast seeks special package for industry, tourism - Jan 19, 2012
- Air Force to set up defence radar station in Mizoram - Jan 19, 2011
- Action needed against illegal non-banking firms: RBI - Jul 15, 2010
- Karnataka farmers to protest against agri-summit - Dec 01, 2011
- Central team touring northeast to push for grassroots governance - Feb 18, 2011
- Good policy environment in Bengal needed for investment - Apr 20, 2012
- Northeast census operations going on smoothly - Jun 25, 2010
- Bihar to restructure state power board - Jul 27, 2011
Tags: business houses, central excise, chief secretary, department secretary, government schemes, hiato, hospitality education, income tax exemption, indian chamber of commerce, industrial houses, industrial promotion, industries minister, industry summit, ministry of development, mizoram government, mountainous state, northeastern india, northeastern region, northeastern state, union ministry