The first ever North East Investors’ Summit, will showcase the unique opportunities in textile manufacturing that the North Eastern Region (NER) offers to the business world. The summit themed ‘Exploring Opportunities in North East Region’ will be inaugurated by Union textiles minister, Smriti Irani on January 29.
The summit is organised jointly by the ministry of textiles and the ministry of DoNER, in collaboration with industry associations FICCI and CII. The two-day summit in Shillong will focus on manufacturing in textiles and allied sectors. It aims to showcase the NER as a global destination for investment, and to explore the possibility of bringing in convergence of efforts of various Central ministries and north eastern states to attract investment in NER.
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. Buyer-seller meets and exhibitions would also be held on both days of the summit.
The event is expected to escort in a new era of collaboration, not only for investments but also for new skills and advanced production technology. The states of the NER would put up exclusive stalls and make presentations on investment opportunities in textile manufacturing in these states. The summit will have focused sessions on Showcasing Opportunities in Textiles in North East, Entrepreneurship Development and Start-ups, Enhancing Reach of North East Textiles through Textile Design and Marketing, Ease of Financing of Textiles Industry in North East and Improving Infrastructure in NER.
NER has huge potential for investments, particularly in the field of textiles and handicrafts, due to its inherent strength for skilled workforce and locally available raw materials. The ministry of textiles is implementing projects worth Rs 1,050 crore for handlooms, handicrafts, sericulture, apparel and garmenting, technical textiles etc. in the eight states of NER, in line with the ‘Act East’ policy of the Indian government. These projects have created a basis for further growth of manufacturing in textile sector.
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