NORTHEAST INDUSTRIAL DEVELOPMENT
MSMEs are like mitochondria power engines which are boosting West Bengal’s economy, says Shashi Panja, Minister of Industries, West Bengal
West Bengal has close to 90 lakh MSME enterprises, many of them single-person enterprises, and they employ over 1 crore people.
India-Bangladesh bridge to get operational by September, giving NE access to Bay of Bengal
The bridge was inaugurated by Prime Minister Narendra Modi and his Bangladesh counterpart Sheikh Hasina virtually in March 2021. Modi and Hasina had a brief interaction at the Rashtrapati Bhawan on Sunday night after the swearing-in ceremony of Modi 3.0. Hasina is expected to return for an official visit later in June or July.
India-Bangladesh bridge to get operational by September giving NE access to Bay of Bengal
India's Northeast is on the brink of a significant connectivity boost with the upcoming opening of the Bangladesh-India friendship bridge, Maitri Setu, expected by September. This crucial link to the Bay of Bengal was inaugurated virtually by Prime Ministers Narendra Modi and Sheikh Hasina in March 2021. The bridge, spanning the Feni river between Bangladesh and Tripura, will provide northeastern states access to ports in the Bay of Bengal. With Chittagong port in Bangladesh just 80km from Tripura's Sabroom, the bridge's completion is strategically important for both countries.
Passenger movement through Maitri Setu to start in September, will boost India-Bangladesh connectivity
Passenger movement through the Maitri Setu, linking India and Bangladesh in South Tripura district, is set to begin by September this year, as confirmed by a senior government official. The bridge, inaugurated virtually by Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina on March 9, 2021, spans the Feni River, connecting Sabroom in India with Ramgarh in Bangladesh. The movement of goods is expected to follow after passenger operations commence.
Dabur India, PI Industries could rally 19-26% return on above normal monsoon: Siddhartha Khemka
IMD predicts above-normal monsoon in 2024, impacting agriculture and market sectors positively. Companies like Dabur India and PI Industries could see significant growth. Expert insights from Motilal Oswal Financial Services highlight investment opportunities in the pharma sector.
MF assets in Northeast states increases by 145% in 4 years: ICRA Analytics
The share of the northeastern states has increased to 0.73% of the total AAUM of the mutual fund industry and stood at Rs 55.01 lakh crore in March 2024. This has increased from around 0.67% in March 2020, when the industry’s AAUM stood at Rs 24.71 lakh crore.
- Go To Page 1
BJP delivered 200% more in 10 years than what Congress did in 60 years: Union minister Sarbananda Sonowal
Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal has urged the Dibrugarh Lok Sabha constituency to vote for the BJP under Narendra Modi. Sonowal praised the BJP-led NDA government for delivering 200% in a decade, surpassing the Congress government's performance in Assam and the Northeast. The government invested Rs 45,000 crores in the petroleum sector, rejuvenating Bongaigaon and Numaligarh refineries.
LS polls: Over 60 environmental groups demand ban on mega infrastructure projects in Himalayas
They called for a complete moratorium on all mega infrastructure projects, including those related to the railways, dams, hydro projects, tunneling, transmission lines and four-lane highways, along with a comprehensive multidisciplinary review of the impacts of the existing projects.
UNNATI-2024: DPIIT's Balamurugan D focuses on streamlining compliance and timely project implementation
UNNATI Scheme aims to boost investment in Northeast India by creating 83,000 employments in 10 years with a focus on green industry development and balanced growth. The scheme emphasizes compliance reduction and unit expansion for uniform regional development.
Shipping Ministry approves Rs 645 crores for 10 new waterways projects on Brahmaputra in Assam
From the construction of slipways at strategic locations such as Maya Ghat in Dhubri district and Majuli district to the establishment of passenger terminals at Ghagor in North Lakhimpur district and Bahari in Barpeta district, each proposal is meticulously designed to enhance connectivity and facilitate seamless transportation across the region.
Tripura Chief Minister Manik Saha laid the foundation stone of state’s first tea auction centre
After laying the foundation stone of the proposed tea auction center, the Chief Minister said on the X: “A leap towards development of tea industry in Tripura. Today laid the foundation stone of Agartala Tea e-Auction Centre was laid at Gurkhabasti complex. This will largely benefit the tea growers of the State & take Tripura tea to new heights”
PM Modi dedicates projects worth over Rs 55,600 crore to six North Eastern states
Prime Minister Narendra Modi attended the 'Viksit Bharat, Viksit Northeast' programme at Itanagar, Arunachal Pradesh and virtually inaugurated and laid the foundation stone for multiple development projects worth Rs 55,600 crore in 6 North Eastern States, including Tripura and Northeast.
My style of working is as per the needs of the nation and not for electoral considerations: PM Modi
PM Modi addressed the Viksit Bharat Viksit Northeast Program in Itanagar. PM inaugurated multiple development projects worth about Rs 55,600 crores in Manipur, Meghalaya, Nagaland, Sikkim, Tripura and Arunachal Pradesh. He also dedicated Sela Tunnel to the nation and launched the UNNATI scheme worth about Rs 10,000 crores.
PM Modi unveils projects worth Rs 55,600 crore in Northeast, including strategic Sela tunnel
The Sela tunnel, constructed at a cost of about Rs 825 crore, is an engineering marvel. It will provide all-weather connectivity to Tawang across Sela pass on the Balipara-Chariduar-Tawang Road in Arunachal Pradesh, a statement said.
PM Modi to inaugurate Barauni-Guwahati Natural Gas Pipeline, boosting energy infrastructure in northeast India
Prime Minister Narendra Modi is set to inaugurate the Barauni – Guwahati Natural Gas Pipeline (BGPL) of GAIL (India) Limited remotely from Jorhat on Saturday. The 718 km long pipeline, laid with an investment of Rs 3,992 crore, passes through Bihar, West Bengal, and Assam.
Cabinet gives nod to North East industrial package
The Union Cabinet has approved a Rs 10,037-crore Uttar Poorva Transformative Industrialization (UNNATI) scheme for northeast states, aiming to generate employment and socio-economic development. The scheme provides incentives for investors to set up new units or expand existing ones.
Govt approves Rs 10,037 crore UNNATI scheme for Northeast industrial development
The government has approved the Uttar Poorva Transformative Industrialization Scheme, 2024, with a budget of Rs 10,037 crore, aimed at boosting industrial growth and employment in the northeastern states. The scheme aims to drive economic activity in manufacturing and services, leading to holistic socio-economic development. It seeks to generate employment, uplift socio-economic status, and create a conducive environment for economic activities. Under the scheme, investors will be incentivized to set up new units or expand existing ones, contributing to the region's industrial growth and economic prosperity.
India sees Rs 41,000 crore investment for natural gas network in Kashmir, northeast
India aims to invest $4.95 billion in natural gas pipeline infrastructure in northeastern states and northern federal territories. Prime Minister Modi plans to increase natural gas share to 15% by 2030, reducing CO2 emissions. Licences awarded to supply gas to industries, automobiles, households in the region.
India’s first Gati Shakti Research Chair established at IIM Shillong
The Union Minister of Ports, Shipping & Waterways attended the MoU signing ceremony between MoPSW and IIM to establish India's first 'Gati Shakti Research Chair'. The chair will spearhead academic research on multimodal logistics with a North-East focus and foster collaboration with global experts. It will also collaborate with the logistics industry, government bodies, and local authorities.
INROAD project converts nearly 70,000 hectares into natural rubber plantations in northeast in three years
In tune with the spirit of 'Atmanirbhar Bharat’, INROAD (Indian Natural Rubber Operations for Assisted Development), a project for supporting development of 2 Lakh hectares of rubber plantations in North East is being undertaken under the Ministry of Commerce & Industry.
Investment is a priority for Assam, 17 MOUs worth Rs 11,753 cr in the pipeline: Additional Chief Secretary of the state
Ravi Kota, Additional Chief Secretary of Assam, emphasized the priority of investment for Assam and the North-East, with 70 MOUs worth 11,543 crores in the pipeline, including a significant investment in the solar energy sector and the establishment of a semiconductor plant in Nagaon. Abhishek Singh, Joint Secretary of the Ministry of External Affairs, highlighted the 26-billion-dollar PLI initiative and the Prime Minister's Gati Shakti scheme.
FICCI Advisory Council calls Assam Budget 'comprehensive blueprint' for economic revitalization, inclusive growth
The budget's strategic allocations and visionary initiatives are poised to catalyse sustainable development, economic revitalization, and social empowerment across the state, said FICCI Northeast Advisory Council.
Daikin targets a turnover of Rs 100 crore from Northeast India in next fiscal year
The company has come with a new office in Guwahati. Kuldeepak Virmani, Senior Vice President & Executive Director, Daikin India who was in Guwahati on Thursday said, “We are doing turnover of Rs 50 Crore this year and we have target of making it to Rs 100 Crore in Northeast India. We see Northeast India as a potential market for Daikin, so we will continue to invest in developing the market with a view to secure market share”.
The Federation of Industry & Commerce of Northeastern Region will hold Northeast Renewable Energy & Electric Vehicle Expo-2024
FINER said the Northeast Renewable Energy & Electric Vehicle Expo-2024 will serve as a significant platform strategically designed to highlight and showcase the latest advancements and innovations in the field of renewable energy and electric vehicles.
Union Minister Sarbananda Sonowal assures Rs 200 cr investment for CSIR-NEIST in Jorhat to boost medicinal plant market of northeast India
The Minister assured complete support for an approximate investment of Rs 200 crores to build capacity around the medicinal plant sector of the region. This amount is aimed at creating infrastructure that will strengthen the medicinal plant storage for commercial purpose, boosting research and development of the local herbs and plants for medicinal purpose as well as providing a platform for traditional healers to further their treatments to a wider section of the society.
Delhi-Bangkok flights cheaper than air travel to NE states: Tour operators
Meghalaya has been allotted two schemes - Sohra and Shillong - under SD 2.0 where investment of up to Rs 50 crore will be made. The ministry has also sanctioned eight projects worth Rs 256.45 crore for the integrated development of identified pilgrimage destinations in the northeast states under the PRASHAD Scheme, they said.
Northeast's first defence tech show begins in Guwahati
The first-ever defence tech show in Northeast India, called 'East Tech', has begun in Guwahati. The two-day event, jointly organised by the Indian Army and the Assam government, features nearly 200 manufacturers showcasing cutting-edge technology and top-end gear. The aim of the show is to expose manufacturers to the needs of the armed forces and enable direct procurement of their products.
Projects worth ₹1,700 cr invested for development of Inland Waterways of Northeast: Sarbananda Sonowal
The Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal, inaugurated the roadshow for the Global Maritime India Summit, 2023 (GMIS) in Guwahati. Sonowal highlighted the significant investment made by the government in the inland waterways sector under the leadership of Prime Minister Narendra Modi.
20 National Waterways, projects worth over ₹ 800 crores being developed in the Northeast: Sarbananda Sonowal
The MoU is aimed at powering PM Gati Shakti National Master Plan to boost India’s Act East Policy. NRL will export around 10,000 MT of Petroleum & Petrochemical products per month from IWAI Jogighopa Multi Modal terminal. NRL to set up POL Oil Terminal at Jogighopa Logistics Park with rail connectivity. This MoU is aimed at fulfilling the ‘Hydrocarbon Vision 2030 for Northeast’ by enabling inland waterways transportation via NW2 and IBPR, unveiling a new chapter of EXIM trade for the Northeast region.
Load More
