The Ministry of Textiles has envisaged an initiative to organise a first ever ‘Investors’ Summit’ exclusively for the Northeast (NER). This initiative will be in association with the Ministry of DoNER and FICCI and CII with an aim to showcase the NER as a global destination for investment. By this it has been planned to explore possibility of convergence of efforts of various central Ministries and North Eastern States to attract investment in NER.
The summit will be held on January 30 and 31, 2017 at Shillong which will be attended by the all North Eastern States, Industries from North East and leading investors across the country. The Summit is expected to unlock huge potential of the NER in textile manufacturing and generate new avenues for employment in the region.
Due to its inherent strength for skilled work force and locally available raw material, the North Eastern Region has huge potential for investments particularly in the field of textiles and handicrafts. The ministry of textiles is implementing projects worth Rs 1,050 crores for Handlooms, Handicrafts, sericulture, Apparel & Garmenting, Technical textiles etc. in the eight States of North East region in line with the Act East policy of the Government. These projects will created a foundation for further growth of manufacturing in textile sector.