The first ever Investors’ Summit for the north eastern states which aims to showcase the region as a global destination for investments begins here tomorrow.
Focussed on manufacturing in textiles and allied sectors, the two-day summit themed ‘Exploring Opportunities in North East Region’ (NER) will explore the possibility of bringing in convergence of efforts of various central ministries and states in the region to attract investments.
“The summit will be attended by all north eastern states, industries from the region 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,” the Textiles Ministry said.
“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,” it said.
The north eastern region has huge potential for investments, particularly in the fields of textiles and handicrafts due to its inherent strength for skilled workforce and locally available raw materials.
Ministry of Textiles is implementing projects worth Rs 1,050 crore for handlooms, handicrafts, sericulture, apparel & garmenting, technical textiles etc in the eight states in the north eastern region.
(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)