Effective policy is essential for industrial development: Manipur Minister


Imphal: Minister for Textiles, Trade and Industry Nemcha Kipgen stressed that an effective industrial and investment policy is needed to attract investment and promote strong economic activities for industrial development in Manipur.

The minister was speaking as the chief guest at a one-day workshop at Imphal West in the conference hall of the Institute of Cooperative Management (ICM) on Thursday.
The Industry Minister also thanked Chief Minister N. Baran Singh for entrusting Manipur with the responsibility of making India the future center of trade and commerce with neighboring states and neighboring countries.

At present, Micro, Small and Medium Enterprises (MSMEs) have 34,293 units, up from 1,085 units in 2015, Kipgen said. This clearly shows that Manipur is moving ahead in the field of industrialization.
It should be noted that the Industrial and Investment Promotion Policy (IIPPM) -2022 facilitates the development of state government infrastructure, enhancement of human resources, provision of incentives, accelerating industrial development through revenue and related sectors. Designed to strengthen the mission of working as. Further investment among others for the comprehensive socio-economic development of the people of the state.

Minister Kipgen sought the cooperation of relevant stakeholders, valuable suggestions and Ask for ideas too.

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