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Trade summit at Assam’s tea capital

Dibrugarh, Nov. 21: Dibrugarh, the tea capital of Assam, is for the first time hosting Northeast Business Summit— the largest trade and investment conference of the region.

Organised by the DoNER ministry with the Indian Chamber of Commerce (ICC), the conference will be attended by chief minister of Sagaing region from Myanmar, U. Thar Aye, and that of Mandalay, U. Ye Myint, who will share their perspectives on the Northeast-Myanmar trade and economic exchanges.

The conference will be held from November 22 to 24.

More than 500 delegates from across India and neighbouring countries are expected to attend the 9thNortheast Business Summit which will have DoNER minister Paban Singh Ghatowar as the summit chairman. Industries minister of Bangladesh Dilip Barua is expected to attend apart from chief ministers of the Northeast states besides top-ranking officials.

“The three-day mega Northeast Business Summit will address key issues related to the overall socio-economic development of the Northeast which has a tremendous economic potential,’’ the director-general of ICC, R. Singh, said at a news conference here today.

On the importance of visits of Myanmar ministers, joint secretary, DoNER ministry, A.M. Singh, said it is India’s true gateway to Asean markets and it has opened up its economy to Asia and the world.

The Centre is involved in over a dozen projects in Myanmar, both in infrastructure and non-infrastructure areas. These include upgrade and resurfacing of the 160km-long Tamu-Kalewa-Kalemyo road, construction and upgrade of Rhi-Tiddim Road in Myanmar; Kaladan Multimodal Transport Project and others.

He added the summit would focus on strategic areas like energy and power, horticulture, tea, food processing, plantation, infrastructure and connectivity, tourism, hospitality, IT, healthcare, finance, higher education and international trade with Asean in sync with the Look East policy.

The summit will also have an exhibition on the Northeast where all the states will display their indigenous products and showcase their comparative advantages to investors.

The chairman of ICC, Northeast region, Mahesh Kumar Saharia, said the endeavour of the summit in Dibrugarh would be to ensure that corporate India sits up and takes notice of the Northeast, so that the region reaches a significantly higher growth trajectory in the near future in sync with the policy recommendations laid down in the Vision 2020 document.

There will be an investors’ meet with DoNER minister, industries ministers of the Northeast states and senior officials.

It will aim at portraying the attractive incentive structures offered by the states, highlighting upcoming private and public projects, taking feedback from existing investors and discussing prospective investment opportunities.