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NE Business Summit to boost socio-economic development of the region

Updated: Nov 19, 2013 05:46:27pm
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New Delhi, Nov 19 (KNN) In order to address the grass-roots level developmental issues, a North-East Business Summit is being organized in Dibrugarh in the interiors of Assam between November-22 and 24.

The 9th edition of the Summit, which is the largest trade and investment conference cum exposition of India’s North-East Region (NER) is being organized by the Union Ministry of Development of North East Region (DoNER), along with the Indian Chamber of Commerce (ICC).

“The Summit is particularly important this year, because for the first time, it is being held in the interiors of the North-East, in Dibrugarh in Upper Assam, and hence would be a Forum to address key, real grass-roots level developmental issues,” the Ministry for Development of North-East Region said in an official release.

Also, two Chief Ministers from neighbouring Myanmar - HE U Thar Aye (Chief Minister of Sagaing Region) and HE U Ye Myint (Chief Minister of Mandalay Region) will attend the inaugural session of the Summit as Special Guests of Honour and share their perspectives on North-East – Myanmar trade and economic exchanges.

“This visit is extremely important with a fact that Myanmar is India’s true Gateway to the ASEAN markets, and that it has opened up its economy to Asia and the world,” the release added.

The Ministry of DoNER will be planning, executing and monitoring the development schemes and projects in the North Eastern Region.

“Its vision is to accelerate the pace of socio-economic development of the region so that it may enjoy growth parity with the rest of the country.

“One of the prime objectives of the Ministry is to showcase the inherent economic, social and cultural strength of the North East Region as well as to mainstream the region with the country to move forward in its entirety,” it said.

The ICC has been assigned by the Ministry of DoNER to organize this summit as the Nodal Chamber for the North-East.

The 3-day North-East Business 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 Summit will have focused sessions on strategic areas like: Energy and Power; Horticulture, Tea, Food Processing and Plantation; Infrastructure and Connectivity; Tourism and Hospitality; IT, Healthcare and Financial Services; Higher Education; 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, 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 feature an exhibition on the North-East region wherein all the States will display their indigenous products, and showcase their comparative advantages to investors. 

More than 500 delegates from across the country, and also from neighbouring countries are expected to attend the North-East Business Summit. (KNN/SD)

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