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Nagaland govt to come out with new industrial policy to help promote MSEs

Updated: Dec 21, 2018 05:45:59am
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Nagaland govt to come out with new industrial policy to help promote MSEs

New Delhi,  Dec 21 (KNN) Nagaland government is in the process of drawing up a new industrial policy to help promote Micro and Small Enterprises (MSE) with special focus on start-ups, including the agricultural sector, said Neiphiu Rio, Chief Minister of Nagaland.

He made the announcement during the first-ever Northeast Summit in Dimapur.

Rio said that the new industrial policy would focus on empowering the local entrepreneurs besides establishing manufacturing hubs and economic zones.

Besides, he said "We are devising means for a new land record and land use policy. We intend to revise our power policy to facilitate investment in the hydro power sector and we have set up the investment and Development Authority of Nagaland to help set all these into motion.”

Improving the connectivity in the region,  Rio said that four lane highways are coming up all over the region indicative of the improving connectivity in the region.

In terms of foreign trade and commerce, Rio said Nagaland was placed at a very advantageous location, sharing almost 99% of its borders with foreign countries and connection with Southeast Asia.

“The region is rich in rubber, bamboo, minerals, tea and coffee, which are attracting a lot of customers both international and domestic, thereby creating possible investment opportunities," he added.

In addition, he noted that market for food processing is at infancy in the region. 

"We are seeing the emergence of innovative entrepreneurs who are collaborating with and procuring directly from local farmers to create innovative products from chocolates to spice blends to sauces and jams", said Rio. 

He said that the department of Women Resource Development empowers our local women famers and artisans, selling innovative products under the brand Myki. 

The first Northeast Summit 2018 is a two-day event organised by the United Nations Global Compact (UNGC) along with the government of Nagaland and IDAN.

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