Friday, December 05, 2008

NE gets Rs 14,000-cr investment proposals in 4 years

SHILLONG, Dec 4 – The north-eastern states has received investment proposals to the tune of Rs 14,000 crore in the last four years despite increasing number of militancy related incidents which claimed lives of hundreds people.

“Investment proposals received by all the eight states in the region in the past four years amounts to Rs 14,352 crore. Of these, the investments of Rs 7,000 crore approximately were proposed from non-government sector in 2007-08 alone,” according to a thematic group on industry constituted by the North East Council to prepare the action plan for Vision 2020.

The group is headed by Joint Secretary of Ministry of Commerce and Industry NN Prasad.

Prasad said that the trend indicated the renewed interest shown by the corporate sector towards the north eastern region after the announcement of the North Eastern Industrial Investment and Promotion Policy, 2007.

Going by this trend, corporate investments of at least Rs 3 lakh crore could be expected by 2020, the group noted in its action plan report.

Advocating a cluster-based and holistic approach from the government to promote industries, it, however, underlined the need to create a conducive environment with respect to security and law and order to facilitate the process of industrialisation. – PTI

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