Scindia Invites Investors to Explore North East India's in Chennai

India’s North Eastern Region, often called the "Ashtalakshmi" of the country, is not just an unexplored gem, but an economic powerhouse in the making. Over the years, the region, with its breathtaking landscapes, rich cultural diversity, and untapped resources, has quietly positioned itself as a key player in India’s growth story. However, the untold potential of the North East is beginning to take center stage, as highlighted in the recent North East Investment Roadshow in Chennai, organized by the Ministry of Development of North Eastern Region (MDoNER).

On February 5, 2025, the roadshow kicked off with a strong commitment to attracting investments and unlocking the untapped possibilities in the North East. The event, hosted by MDoNER, saw high-profile participation, including Union Minister Shri Jyotiraditya M. Scindia, Minister of Sports and Youth Services, Mizoram, Pu Lalnghinglova Hmar, and several senior officials from MDoNER, North Eastern Council, and state governments. The goal? To shine a light on the North East as an emerging economic powerhouse and invite investments that will transform this region into a leading engine of India's growth. Let's explore key details with TICE.

A Vision for the Future: North East as India’s Ashtalakshmi

The North Eastern Region’s transformation is not a mere dream, but a vision reinforced by the Hon’ble Prime Minister’s commitment to making it India’s "Ashtalakshmi" – a significant economic asset ready for rapid industrialization. Minister Scindia took the stage to emphasize this transformative journey, stating that the region's development in the last decade has been nothing short of revolutionary. Under the leadership of Prime Minister Narendra Modi, significant strides have been made in improving infrastructure, including air, road, rail, and water connectivity. This has laid the foundation for a wave of industrialization and business growth that could change the landscape of India’s economy.

Minister Scindia elaborated on the unique strengths and abundant resources of the eight states in the region. These states are diverse, each holding potential in sectors ranging from agriculture to IT and textiles, and from tourism to energy.

"From natural beauty to strategic location, the North East is poised to become a significant player in India’s growth, and even as a gateway to Southeast Asia," said Scindia. 

The North East’s proximity to countries like Myanmar, Thailand, and China makes it an essential link for India’s 'Act East' policy, paving the way for international trade and collaboration.

Economic Opportunities for Investors: A Region of Diverse Potential

During the roadshow, Scindia urged Chennai's entrepreneurs and business leaders to invest in key sectors that hold immense potential in the North East. Among the sectors highlighted were:

• Agriculture and Food Processing: The North East is a treasure trove of agriculture, with Mizoram’s GI-tagged ginger, chillies, and other horticultural products waiting to be processed and marketed globally. The region’s bamboo resources, which make up 38% of India’s total bamboo, also offer great opportunities, particularly for the furniture industry in cities like Chennai.

• Hydropower and Energy: North Eastern India holds vast untapped potential in hydrocarbon reserves and hydropower generation. With the right investments and expertise, this can become a major source of clean energy for the country.

• Tourism and Hospitality: The North East’s diverse landscapes, including valleys, hills, and rivers, combined with its cultural richness, offer great prospects for investment in tourism and hospitality.

• IT and ITES: With a young, educated, and English-speaking workforce, the region has emerged as a hub for IT and IT-enabled services (ITES), attracting companies seeking to tap into this growing talent pool.

Mizoram’s Unique Investment Opportunities: A Hidden Gem

One of the most intriguing presentations came from Pu Lalnghinglova Hmar, the Hon'ble Minister of Sports and Youth Services, Mizoram. Mizoram, a small state with a population of just 11 lakh, may be lesser known compared to other states, but its potential for investment is immense. The state, with 55% of its land under horticulture, produces GI-tagged ginger, chillies, as well as fruits like papaya and dragon fruit. The vast untapped bamboo resources in Mizoram also present enormous opportunities for sustainable products. Mizoram is positioning itself as a sports hub, aligned with India’s Olympic vision for 2036, and is producing top sportspersons, further highlighting its growing potential in the sports sector.

Minister Hmar invited investors to explore sectors like agriculture, food processing, tourism, and infrastructure in Mizoram, emphasizing the state’s growing appeal and future prospects.

Government Policies and Incentives to Spur Growth

The roadshow also featured presentations on key government initiatives designed to make the North East an investment-friendly destination. Shri Chanchal Kumar, Secretary of MDoNER, highlighted the region’s strong growth trajectory, with economic progress outpacing the national average. This growth has been fueled by substantial improvements in connectivity, from air to rail, and from digital to waterways. Moreover, the government has tailored investment-friendly policies across the region, including the UNNATI scheme, which offers incentives to boost industrialization and support the 'Act East' Policy.

The region is also positioning itself as a hub for medical tourism, especially with its proximity to Southeast Asia. The government’s focus on enhancing healthcare infrastructure and promoting medical tourism is evident, with projects like the trilateral highway and Kaladan project set to open new opportunities for cross-border collaborations.

The Roadshow’s Impact: Investment Interest Soars

The Chennai roadshow ended on a high note, with strong participation from industry leaders, entrepreneurs, and potential investors. The event, which included one-on-one B2G meetings, provided a platform for meaningful dialogue, where investors expressed keen interest in exploring opportunities in the North East. The event marked another milestone in the series of roadshows that have been taking place across India, reinforcing the growing interest in the region.

In conclusion, the North East Investment Roadshow in Chennai not only showcased the vast untapped potential of the region but also provided a clear call to action for investors to explore and contribute to its transformation. The North East’s strategic location, rich resources, growing infrastructure, and youth-driven economy make it an ideal destination for investment. As India’s "Ashtalakshmi" region, it’s poised to play a crucial role in the country’s economic future. For entrepreneurs and investors looking to be part of India’s growth journey, the North East is undoubtedly the place to be.

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