Conrad participates in Northeast Trade and Investment Roadshow in Mumbai

Syllad | The Rising MeghalayaDecember 17, 2024

Meghalaya Chief Minister Conrad K Sangma, Union Minister Jyotiraditya Scindia, and Tripura Chief Minister Manik Saha participated in the Northeast Trade and Investment Roadshow held in Mumbai on Monday. The event, organized by the Ministry of Development of North Eastern Region (MDoNER), drew significant attention from Mumbai’s economic hub.

Speaking at the occasion, Sangma highlighted the state’s transformative growth, driven by focused investment strategies and progressive leadership. “Under the guidance of Prime Minister Narendra Modi, the state has developed investor-friendly policies, attracting significant responses, particularly in tourism, food processing, and infrastructure,” Sangma said.

He added that the completion of a new airport in Shillong and investments in luxury accommodations have positioned Meghalaya as a premier tourism destination. With its vast untapped resources, skilled workforce, and thriving sectors such as agriculture, IT, and sports, Meghalaya is poised for sustained growth. The state’s focus on youth empowerment, through initiatives like training nurses for domestic and international placements and expanding IT opportunities, further strengthens its economic potential.

Later in a social media post, Sangma wrote, “Attended the Northeast Investors Summit in Mumbai, where I had the privilege of sharing Meghalaya’s vision for sustainable industrial growth. Highlighted our priority sectors—hospitality, tourism, education, biotechnology, healthcare, IT, power generation, and food processing—and the opportunities we create for investors.”

“Our focus remains on driving economic transformation while safeguarding our environment for future generations,” Sangma said.

“Grateful to Union Minister Shri Jyotiraditya Scindia Ji, Tripura CM Prof. Manik Saha Ji, and all the dignitaries and investors who joined us in this initiative,” he added.

Speaking on the occasion, Union Minister Jyotiraditya M. Scindia lauded the transformation of Northeast India under Prime Minister Modi’s leadership. Acknowledging the vision of the region’s Chief Ministers, Scindia said their dedication has led to remarkable progress over the past decade. “The Northeast now stands ready to contribute to India’s growth, with an impressive 11% GDP growth rate,” he noted.

Scindia underscored the Northeast’s strategic importance as a gateway to Southeast Asian markets, highlighting its unique potential in sectors such as tourism, renewable energy, sports, and IT. He urged investors to seize opportunities in sustainable agriculture, manufacturing, and technology, assuring them of the region’s skilled youth, high literacy rates, and abundant natural resources. “With policies supporting business growth and reduced red tape, Northeast India is rolling out the red carpet for investors,” he said.

In his address, Tripura Chief Minister Manik Saha reaffirmed the state’s impressive economic performance under the Union government’s Act East Policy. Tripura, recognized as one of India’s most peaceful states, boasts a per capita income of Rs 1,77,000, positioning it as the second-largest GSDP contributor in the Northeast.

Saha emphasized Tripura’s robust infrastructure, including road, water, air, and rail connectivity, and its investment-friendly climate. With abundant natural resources like bamboo, rubber, and aromatic resin, the state offers immense potential for industries such as horticulture, tourism, and manufacturing. He also underscored Tripura’s technological advancements, including its IT policy, e-office systems, and 4G connectivity in villages.

Tripura’s 95.16% literacy rate has paved the way for investments in healthcare, education, and skill development, creating a highly capable workforce.

MDoNER secretary Chanchal Kumar and joint secretary Monalisa Dash also addressed the event, offering insights into the Northeast’s opportunities across various sectors. Government officials from the northeastern states, along with FICCI representatives, shared valuable perspectives, attracting strong interest from leading businesses.