DoNER takes steps to bring investment in northeast

DoNER takes steps to bring investment in northeast


New Delhi: Initiatives to propel economic growth in the northeast, business promotion meets abroad to put the region on the world investment map and identifying specific roadmap to improve infrastructure were some of the key steps taken by the Ministry of DoNER this year.

The much talked about ‘Look East´ policy has not paid economic dividends to the region during the year and it has been realized that development of infrastructure, connectivity were needed to link the booming economies of Southeast Asia with the region.

The government held a high-level meeting in October with chief ministers of the seven northeastern states, with focus on finding practical ways to translate the Look East policy into development of the region.

As per initiative to attract Thai investment to the region, a “North East India Trade and Investment Opportunities Week," was jointly organised by DoNER along with Commerce Ministry and Indian Chamber of Commerce (ICC) in the first week of November in Bangkok.

The government sought Thai investment in various sectors including infrastructure in the northeast. The ministry said Thailand has shown keen interest to invest in the region. Thai Commerce Minister Krirk -Krai Jirapaet visited northeastern states in April to explore business opportunities. A North East Investment Opportunity Day was also organized in New York on September 26 to attract investments into the region.

The Ministry also held a North-East Business Summit in New Delhi in April that was attended by top businessmen of the country and key central ministers apart from many delegates from abroad.