CM Rio says Nagaland is creating an investment-friendly system

KOHIMA: As Nagaland hosted the Northeast Global Investors Summit Investor Round Table at Chumoukedima on Saturday to showcase Nagaland and the Northeast region as a trade and investment hub for global investors, Chief Minister Neiphiu Rio assured the delegation that the state would strive to create an investment-friendly ecosystem.
Addressing the inaugural session, Rio said the presence of investors indicates a collective commitment and shared vision to unlock the vast trade and investment potential of Nagaland and the North-East region.
He assured that the state government is steadfast in its dynamic approach, continuously striving to create an investment-friendly ecosystem with strong policies and good governance.
Through the Investment Development Authority of Nagaland (IDAN), Rio said the state is promoting an enabling environment for business growth, ensuring ease of doing business through streamlined processes and corporate-friendly policies.
Elaborating on various investor-friendly initiatives, he said, “We understand the importance of land availability for investors, and thus, we have introduced appropriate guidelines to facilitate smooth distribution of land. .
Embracing transparency and agility, we have implemented new policies, rules and regulations to enhance the investment climate. Focusing on comprehensive services and effective communication, we are facilitating the entire investment life cycle, providing necessary support to investors at every stage.
Deputy CM TR Zeliang told the gathering that Nagaland has a wealth of resources ranging from vast reserves of crude oil and minerals to its diverse flora, fauna and fascinating topography, all of which offer tremendous potential for economic growth.
He said that the state’s human resources, education sector, healthcare and hospital industries, IT, tourism, culture, sports and music sectors offer more avenues for prosperity.
Lok Ranjan, Secretary of the Ministry of DoNER, said that the Ministry of Development of North East India aims to improve resources, not only financial but also skills, entrepreneurship and management skills, to create a strong ecosystem for development.
He said the summit serves as a platform to align strengths for collective benefit. He said Nagaland’s strategic location, which was once seen as a limitation, has now turned into an advantage, with better connectivity and a growth pace that has surpassed national standards.
IDAN Chairman, Abu Metha, spoke about the state’s renewed focus on “energy, information technology, innovation-based entrepreneurship, start-ups. He welcomed the investors for contributing to the social and economic development of the region.”
As part of the Prime Minister’s Development Initiative for the North-Eastern Region (PM-DevINE) scheme, Nagaland will get livelihood opportunities in 2022-23, says an update from the Investment Development Authority of Nagaland (IDAN). An amount of Rs.180 crore has been sanctioned for the projects of
The Investor Roundtable was organized by the Department of Industry and Commerce and IDAN jointly with FICCI (Industry Partner), Invest India (Investment Facilitation Partner) and EY (Knowledge Partner).
Investors and entrepreneurs who participated in the event learned about the potential investment opportunities in Nagaland. The agenda of the round table conference was to provide investors with a bird’s eye view of policies, opportunities in the state and ways to capitalize on the abundant opportunities available in Nagaland and the Northeast region as a whole.