4th North East Bussiness Summit to begin in Guwahati from Sept 15

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New Delhi, Sep 12 (UNI) The 4th North East Business Summit is to be held in Guwahati from September 15 to showcase the potential of the NE States and to promote private sector investments.

The two-day summit will primarily focus on sectors such as tourism, food processing, power, infrastructure, information technology, handloom and cottage industries especially in the context of the Look East Policy on trade and investment linkages with ASEAN and SAARC countries.

It is to be organised by the Department of North East Region, DoNER in association with the Indian Chamber of Commerce, ICC, Kolkata.

A special session on ''North East on Fast Track - Building International Partnership'' with special reference to Bangladesh, Myanmar, Nepal, Bhutan, Thailand, Cambodia, Laos, Vietnam, Malaysia, Singapore, Brunei, Indonesia and Philippines to discuss mutual cooperation will be the main attraction of the Summit.

Governors and Chief Ministers of all NE States are likely to attend.

Eight foreign Ambassadors and about 50 foreign delegates were expected to attend this mega event. More than 200 private participants from North East region and near about 175 outside the North East region will also participate in the event.

It is expected that the summit would focus the problems of the region with greater emphasis and try to find an integrated development programme in line with the ''VISION 2020'' document released by the Prime Minister recently.

This year, emphasis has been given on the trade and economic relations of the North East with the neighbours with a focus on the ASEAN countries.

The highlights of the summit include Chief Minister's Conclave, International Session with Minister of Commerce of Cambodia, Ambassadors from Thailand, Brunei, Singapore, Malaysia, Laos, Indonesia, Myanmar, Vietnam, Czech Republic, Arab League and Bhutan, Special Thai Investment Session, Specific sessions on Infrastructure, Agro and Food Processing, Tourism, IT and Skill Development, One-to-One discussions among prospective investors (both from Northeast and Foreign), banks, government officials, and corporate representatives, State Government Investment Hubs and an Exhibition-showcasing Northeast.

The North East is considered a gateway to the East for the Indian sub-continent and hold a brighter future.

The new Industrial policy of the North East Government is exclusive for the 8 states and offers a host of attractive incentives for the investors to tap the vast natural resources of the region.

The NER is not only suitable for large investments in manufacturing in the traditional areas where it has enjoyed competitive advantages but also in the sectors of agriculture, education, health and tourism, where private investment has immense opportunity.

Agro processing, post harvest technology and transportation, super-specialty health care, higher education, and tourism are amongst the most promising sectors for investment.

As 80 per cent of the population of the region is engaged in agriculture, investment in infrastructure, manufacturing and services will provide alternative off-farm sources of employment and create a tertiary and service sector that is so essential for development.

Investors and governments must participate in the development of infrastructure through the Public Private Partnership model, particularly in the construction and communication sectors, said an official statement.

UNI BKS SBA PM1720

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