In the lead-up to the Northeast Global Investors Summit’s main event, a series of State level Roundtable Conferences were held, the fourth of which was the Roundtable. The Ministry of Development of the North Eastern Region (MDoNER), the State Government of Sikkim, FICCI (an industry partner), EY (a knowledge partner), and Invest India (an investment facilitation partner) all participated in organising the event.Senior officials including VB Pathak Chief Secretary Shri. Harpreet Singh, Joint Secretary, industry participants, start-ups, and business houses discussed investment opportunities in Sikkim and the North East region.
Sikkim has favorable socio-economic indicators for manufacturing industries, including an 88.7% literacy rate, the highest per capita income among Northeastern states, and the cleanest state in India. Pharmaceutical and nutraceutical businesses have gained tremendously due to the availability of medicinal herbs and organic plants, as well as tourism, IT, and hydropower generation.
The state accelerated approvals for locals for projects under 5Mw after receiving interest for 29 power production facilities. Following the Roundtable discussions, the Ministry of DoNER will host three national and one international roadshow. Speaking at the Roundtable, Shri.Lok Ranjan, Secretary to the Government of India, Ministry of DONER, said, “We see great potential for investment in the North East Region. The Government of India, in collaboration with State Governments, is committed to engaging with investors through Summits and Roundtables to explore investment opportunities.”
