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NE needs more funds to catch up: Finance panel

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Agartala: The 15th Finance Commission (FC) has endorsed the view of ‘North East Vision 2020’ document that says the region needs more funds to catch up with the rest of the country, the panel’s chairman N K Singh said Thursday.
A 15-member team of the commission, headed by Singh, on Thursday received a memorandum from the state government and held a meeting with the council of ministers headed by Chief Minister Biplab Kumar Deb.
“We endorse the view recorded in the document of the North East Region Vision 2020 that the region needs ample funds to catch up with the rest of the country. We will consider the view while recommending funds,” Singh said.
He said that the commission shares the vision of chief minister and governor of Tripura to make it a model state. The FC team had arrived on Wednesday and held deliberations with different stakeholders.
The state government has laid importance on four points including access to Chittagong port in neighbouring Bangladesh to make Tripura a maritime hub for NE India, improve road connectivity to boost tourism, capitalise on Tripura’s comparative factor advantages in skilled manpower and agro-related industries and granting a host of specific projects aimed to fulfil aspirations of the state’s tribal communities. (PTI)

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