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 three years, the official statement also said. The B2B/B2G session also witnessed a substantial business interest with a potential investment size of Rs 1,500 crore in biofuels, 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.

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 then 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, organised 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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