Manipur governor holds talks on investments in North east

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Mumbai, Jan 23 (UNI) Governor of Manipur and Meghalaya S S Sidhu today held a meeting here with the city's business captains on the investment opportunities in the north east region.

Highlighting the economic potentials of the region, Mr Sidhu said that 98 per cent of the region's 8,000 km border touched the international boundary lines and gateways to the ASEAN, Chinese and Far East markets with a healthy unregulated trade, that already existed.

''North east is a very different and unique part of India and there are a lot of areas that have not been explored'', Mr Sidhu said.

He gave a presentation on the areas that business corporates can invest in--roads and highways, hydro-power, horticulture, IT, hospitality, sericulture, bamboo products, transmission and distribution grids and mining among others.

He said that almost 30,000 MW of power are currently being harnessed by private companies and the area has large quantities of lime, ash coke, coal and other minerals including Uranium. He also pointed out that the government is holding talks with the Myanmar government for supply of the latter's natural gas and use of ports.

Mr Sidhu also highlighted the various projects that are underway to improve the infrastructure of the region- Rs 50,000 crore for improving road and air connectivity including 23 new airports in the pipeline in addition to eleven existing ones and an international ASEAN roadway connecting border town Moreh in Manipur with Bangkok.

Rs 10,000 core have also been earmarked for railways in the region including a railway line to connect the ASEAN countries. Projects to synergize cargo movement along the Brahmaputra and Barak waterways and access to the Chittagong port are also underway.

''The region because of high level of education especially in states like Mizoram has a huge potential for the IT and hospitality industries. Plans are also underway to set up hotel management institutes in every state,'' he said adding that each of the state has a robust tourism industry with regular foreign tourists and is also being promoted under '' Paradise Unexplored'' theme.

Allaying apprehensions about insurgency, the Governor stated that most of the region excluding small parts of Assam and Manipur are free from it and in Nagaland there is a cease-fire between the government and the NSCM (IM) group.

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