India : Textiles ministry organising investors summit for NER

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Textiles ministry organising investors summit for NER

26
Dec '16

In a bid to unlock manufacturing potential of textiles in north eastern region (NER), the textiles ministry is organising an 'Investors Summit' exclusively for NER on January 30-31, 2017 in Shillong. The summit aims to explore possibility of convergence of efforts of various central ministries and north eastern states to attract investment in NER.

The ministry of textiles is organising the summit in association with the ministry for development of north eastern region, Federation of Indian Chambers of Commerce & Industry (FICCI) and Confederation of Indian Industry (CII).

The summit will be attended by the all north eastern states, industries from north east and leading investors across the country. It is expected to unlock huge potential of the NER in textile manufacturing and generate new avenues for employment in the region.

NER 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 material.

The ministry of textiles is implementing projects worth Rs 1,050 crore for handlooms, handicrafts, sericulture, apparel & garmenting, technical textiles etc. in the NER states in line with the ‘Act East’ policy of the government. These projects have created a foundation for further growth of manufacturing in the textile sector.

Other line ministries also have schemes where various incentives and concessions are available for investments in NER. However, the information is mostly in silos and does not provide a comprehensive picture to the investors about the opportunities in north east. (KD)

Fibre2Fashion News Desk – India

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