Nagaland received investment intent totaling Rs 4510 crore from investors at the B2B/B2G during the B20 Meet on 5 April 2023 at Kohima, a DIPR report said.
Nagaland signed MoU with investors for investments in renewable energy to the tune of ₹1000 crore over the next 3 years. The B2B/B2G Session also witnessed a substantial business interest with a potential investment size of ₹1500 crore in bio fuels. The private sector also evinced keen business interest with an investment proposition of around ₹10 crore in the health sector. There are other business propositions to the tune of ₹2,000 crore in agro and food processing, rubber, MSME, medical tourism, sports and IT sectors which will further be explored and firmed up in due course.
Nagaland received keen business interests from both National and International Business delegates during the B20 Meet. Representatives from business community of Nagaland as well as Government departments also had active participation during the Business to Business (B2B) and Business to Government (B2G) negotiations coordinated by Confederation of Indian Industry (CII).
We are grateful to
Numaligarh Refineries Ltd for giving a Letter of Intent for establishment of Ethanol production plant based on Bamboo in Nagaland worth Rs. 1500 Crore. @g20org @b20 https://t.co/BCCaPp4z2A pic.twitter.com/6eEMr52PzB— abu metha (@abumetha) April 5, 2023
The State Investment Promotion Agency, IDAN in coordination with the business fraternity and line departments will follow up and provide end to end facilitation to the potential investors.
The State Government will continue to make concerted efforts with active support of Ministry of Development of North Eastern Region (MDoNER), Department for Promotion of Industry and Internal Trade (DPIIT) and Invest India, and in tandem with Industrial associations/relevant stakeholders for ushering appropriate policies to convert these expressed business interests into projects on the ground. With the NE Global Investment Summit, organized by DoNER Ministry and DPIIT fast approaching, the State has submitted its policy recommendations for the new North East Industrial Development Scheme (NEIDS), which would help facilitate in fast forwarding the process of grounding business propositions and effectively improving the business climate of the State.
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