Restive NE gets Rs14,000 cr investment in 4 years

Restive NE gets Rs14,000 cr investment in 4 years

Shillong: The north eastern states has received investment proposals to the tune of Rs14,000 crore in the last four years despite increasing number of militancy related incidents which claimed lives of hundreds people.

“Investment proposals received by all the eight states in the region in the past four years amounts to Rs14,352 crore. Of these, the investments of Rs7,000 crore approximately were proposed from non-government sector in 2007-08 alone," according to a thematic group on industry constituted by the North East Council to prepare the action plan for VISION 2020.

The group is headed by Joint Secretary of Ministry of Commerce and Industry N N Prasad.

Prasad said that the trend indicated the renewed interest shown by the corporate sector towards the north eastern region after the announcement of the North Eastern Industrial Investment and Promotion Policy, 2007.

Going by this trend, corporate investments of at least Rs3 trillion could be expected by 2020, the group noted in its action plan report.

Advocating a cluster-based and holistic approach from the government to promote industries, it, however, underlined the need to create a conducive environment with respect to security and law and order to facilitate the process of industrialisation.

The report also underscored the need for active involvement of local communities and focus on skill development and human resource development initiatives.

Even as the region remained a relatively unknown destination for industrialisation, NEC secretary Falguni Rajkumar said, “It is wrong to say that the region is restive. Of course, there are some insurgency-infested pockets. But most of the region is more peaceful and conducive than other parts of the country."

The region saw 1,276 incidents of violence till 15 October this year, of which 90% were in Assam, Manipur and Nagaland - against 1,330 incidents out of 1,489 in 2007, according to the latest report on the security situation in the NE states.

The report said 512 terrorists were killed in the entire northeast this year compared to 403 last year (till October 15). However, there was a fall in the number of security personnel and civilians killed this year from the 60 to 32 and 410 to 313 respectively during the period under review.