India plans Rs 450b investment in its NE states

Dhaka,  Wed,  20 September 2017
Published : 04 Aug 2017, 17:02:16
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India plans Rs 450b investment in its NE states

India plans Rs 450b investment in its NE states
NEW DELHI: India plans to spend Rs 450.0 billion (45,000 crore) for the development in the region bordering China, Bhutan, Bangladesh and Myanmar.

India on Thursday sought Japan’s assistance in a slew of areas—tourism, skill development, food processing, infrastructure development as well as making buildings resistant to earthquake damage—in a bid to fast-track development in its north-east region.

Naveen Verma, secretary in the ministry for development of the north-eastern region said this while addressing the first Japan-India Coordination Forum for Development of the NorthEastern Region. 

“This is being spent in pockets. What we are looking at is the gaps, the gaps that are not being met either by the state plans or by our interventions,” Verma said, adding “that is an area where we can look at the scope of collaboration.”

Verma noted that India’s north-east had a lot of skilled manpower which “can certainly help boost the Japanese economy.”

Given that the north-eastern region has 3.0 per cent of India’s population and 8.0 per cent of area, “distances are such that we need lot of investment in infrastructure. That’s one area that we are looking at, one of the takeaways,” Verma said, according to a report by http://www.livemint.com. 

 
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