Why You Need To Have Presence In North-East India:
North-East India is the most significant part of India’s ambitious Look East Policy, Which envisions developing The Eight states of North-East India as part of an international economic corridor along with the ASEAN countries with Assam being the gateway to this project. There has been a sharp rise in the economy of the area over the past decade hence it presents innumerable opportunities for the businesses for expansion and growth. With the push in infrastructure projects by the government and potential presented by rich biodiversity and natural resources the region will certainly act as an engine of growth for India as well as ASEAN countries.
The region’s full potential will also be realised by opening up and expanding trade with neighbouring countries such as Bangladesh and Myanmar, as well as by increasing trade through Myanmar with Southeast Asia. The development of roads, airports, and hydropower facilities are some of the key steps in this direction. As a result, the region will benefit from the growing infrastructure such as roads, communications, and electricity supply to remote hilly areas, resulting in a higher quality of life and rapid industrialization. Moreover The region has been declared as a special economic zone (SEZ) by the Ministry of Commerce and Industry’s North Eastern Industrial and Investment Promotion Policy (NEIIPP)-2007 along with implementation of various central government schemes to attract investors.
With rapid growth in sectors such as Infrastructure, Tourism, Agriculture, Hydropower etc, the region presents a huge opportunity for building-construction and allied Industries. Moreover Due to this region’s large English-speaking population, it is beneficial to set up industries by leveraging local talent in order to service the North-East India market as well as ASEAN countries. North-East Build expo 2022 will prove to be a game changer by bringing businesses across the country to Assam in order to facilitate new partnership, associations and agreements. North-East certainly is going to be a leading growth story of this decade, it is important and well as beneficial for you to become part of it too.
