NE Business Summit to address key issues hampering region’s growth | SupportBiz


NE Business Summit to address key issues hampering region’s growth

The Union Ministry of Development of North East Region (DoNER), along with the Indian Chamber of Commerce (ICC), is organizing the 9th edition of ‘North-East Business Summit’ in Dibrugarh, Assam from November 22 to 24.

The Summit is the largest trade and investment conference cum exposition on India’s North-East region, addressing key grass-roots level developmental issues. More than 500 delegates from India, as well as abroad are expected to attend the event.

The inaugural session of the event will be attended by HE U Thar Aye, chief minister of Sagaing region and HE U Ye Myint, chief minister of Mandalay region of neighbouring Myanmar, who will share their perspectives on North-East – Myanmar trade & economic exchanges. This visit is extremely important because Myanmar is India’s gateway to the ASEAN markets.

The three day summit will address key issues related to the overall socio-economic development of the North-East, which, despite being a region with tremendous economic potential, has not been able to grow as expected and has largely remained untapped. The Indian Chamber strongly feels that policies and programmes need to be suitably monitored and implemented for taking the region to a higher growth trajectory, in sync with the NE Vision 2020 document, which recommends a structural transformation of the region.

The Summit will have focused sessions on strategic areas like: energy & power; horticulture, tea, food processing & plantation; international trade with ASEAN in sync with ‘Look East’ policy etc. There will be a high-profile exclusive investors’ meet with Union minister of DoNER Paban Singh Ghatowar, North-East industry ministers and senior officials, which is aimed at portraying the attractive incentive structures offered by the states, highlighting upcoming private and public projects, taking feedback from existing investors and discussing prospective investment opportunities.

The Summit will also have an exhibition on the North-East region wherein all the states will display their indigenous products and showcase their comparative advantages to investors.