SHILLONG: The first ever investors’ summit exclusively for North Eastern Region (NER) will be inaugurated by Union Textiles Minister Smriti Zubin Irani here on Sunday.
Focused on manufacturing in textiles and allied sectors, the North East Investors Summit 2017 is being organised jointly by the Ministry of Textiles and the Ministry of DoNER, in collaboration with industry associations FICCI and CII from January 29-30.
The theme being “Exploring Opportunities in North East Region”, the summit aims to showcase the region as a global destination for investment, and to explore the possibility of bringing in convergence of efforts of various central ministries and north eastern states to attract investment in the region.
The summit will be attended by all north eastern states, industries from NER and leading investors from across the country. It is expected to unlock the huge potential of the region in textile manufacturing and generate new avenues for employment in the region.
Union Minister for DoNER Jitendra Singh, Chief Minister Mukul Sangma, Minister of State, Home Affairs, Kiren Rijiju, Minister of State, Textiles, Ajay Tamta; Vice Chairman, NITI Aayog, Arvind Panagariya and other dignitaries will also attend the summit.
The event will showcase the unique opportunities in textile manufacturing that the region offers to the business world. It is expected to usher in a new era of collaboration, not only for investments but new skills and advanced production technology.
The states of the region would put up exclusive stalls and make presentations on investment opportunities in textile manufacturing. The summit will have focused sessions on showcasing opportunities in textiles in northeast.
Entrepreneurship development and start-ups, enhancing reach of northeast textiles through textile design and marketing, ease of financing of textiles industry in northeast and improving infrastructure in the region are other areas of focus.
Various MoUs between industry bodies and state governments are expected to be signed during the summit, which would promote investment and boost manufacturing in the region. Buyer-seller meets and exhibitions would also be held on both days of the summit.
The region has huge potential for investments, particularly in the field of textiles and handicrafts, due to its inherent strength for skilled work force and locally available raw materials. Ministry of Textiles is implementing projects worth Rs 1,050 crore for handlooms, handicraft, sericulture, apparel and garmenting, and technical textiles in the eight states of northeast in line with the “Act East” policy of the Government.
