Kohima: Nagaland received keen business interests from both national and international “business delegates” during the B20 meet on April 5, 2023 in Kohima, according to a state government of Nagaland official statement. Representatives from the business community of Nagaland as well as government departments also had active participation during the Business to Business (B2B) and Business to Government (B2G) negotiations coordinated by CII.
The B2B/B2G witnessed signing of a Memorandum of Understanding (MoU) between Government of Nagaland and investors for investments in renewable energy to the tune of Rs 1000 crore over the next 3 years, the official statement also said. The B2B/B2G session also witnessed a substantial business interest with a potential investment size of Rs 1500 crore in bio-fuels, the statement further said. The private sector also evinced keen business interest with an investment proposition of around Rs10 crore in the health sector, it added.
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The statement then said that there are other business propositions to the tune of Rs 2,000 crore in agro and food processing, rubber, MSME, medical tourism, sports and IT sectors which will further be explored and firmed up in due course. The State Investment Promotion Agency, IDAN in coordination with the business fraternity and line departments shall follow up and provide end to end facilitation to the potential investors, it also stated.
The official statement also said that the Nagaland government will continue to make concerted efforts with active support of the Ministry of DoNER, DPIIT and Invest India, and in tandem with industrial associations/relevant stakeholders for ushering appropriate policies to convert these expressed business interests into projects on the ground.
With the NE Global Investment Summit, organized by DoNER Ministry and DPIIT fast approaching, the State has submitted its policy recommendations for the new NEIDS, which would help facilitate in fast forwarding the process of grounding business propositions and effectively improving the business climate of the State, the statement also added.
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Meanwhile, the B20 delegates from G20 countries today visited the Second World War Cemetery in Kohima, Nagaland.
During an interaction with one of the delegates, Dr. Sanjay Mehrotra, president of Indian Association of Japan, said that he had a fruitful interaction with the Chief Minister of Nagaland during the three-day meet.
Mehrotra then said that the Japan delegation especially “wants to focus on fresh drinking water solutions, street lights on the highway, and a monorail from Dimapur to Kohima which will help in crowd management”.
He also said that the team is interested in industrialization like food processing which will generate job opportunities for the unemployed youths of Nagaland.
NNN
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