Narendra Modi Wants To “Act East” But Catching Up With China Won’t Be Easy

Pretty Photo, Paltry Trade. (Image Credit: Reuters/Soe Zeya Tun) India’s “Look East” policy has transformed into the “Act East” policy under Prime Minister Narendra Modi, as he seeks to reinvigorate New Delhi’s relationship with Southeast Asia. At the annual summit of the 10-member Association of Southeast Asian Nations (ASEAN) in Myanmar on Nov. 12, Modi laid emphasis on the re-engagement...

Incentive For Northeast India: Does It Help?

Introduction: The incentive package scheme under the North East Industrial Policy, 1997, reintroduced as the North East Industrial and Investment Promotion Policy (NEIIPP), 2007 intended to promote biotechnology and power generation up to 10 MW and employment generation for the region. The strategy is to incentivized investors with subsidy grant on capital (30%) and insurance (100%) along with total...

North-East’s First Homoeopathy Medicine Making Unit In Tripura

AGARTALA, Mar 21: To tap the vast resource-pool of medicinal plants in northeast India, the region’s first homoeopathy medicines manufacturing unit was inaugurated in Tripura Monday by Hahnemann Medical Research Private Ltd. With state of the art technology and modern laboratories, the Rs.1.25-crore homoeopathy medicines manufacturing unit was commissioned at Bodhjungnagar, 25 km north of here. ‘The...

Now, Non-Congress Forum For NE Growth

GUWAHATI: Major regional and non-Congress parties of the northeast have decided to come together under one umbrella to work for the development of the region and also fight elections for a stronger presence. At a meeting chaired by NCP leader and former Lok Sabha Speaker P A Sangma in New Delhi on February 20, 2011 night, seven political parties of the region AGP, Manipur People’s Party (MPP),...

Arunachal Clocks India’s Fastest Growth Rate Of 22.43% in 2010

Tawang, Arunachal Pradesh. Image Credit: connect.in.com NEW DELHI: The northeastern state of Arunchal Pradesh clocked the highest economic growth rate in the country of 22.43 percent in 2009-10, followed by Mizoram and Goa, according to a government report. Arunachal Pradesh‘s Gross State Domestic Product (GSDP) rose by 7.51 percent in 2008-09. Minister of State for Planning Ashwani Kumar informed...

Cut In Import Duty To Hit Incense Units

GUWAHATI, March 4: The reduction in import duty from 30 per cent to 10 per cent on bamboo sticks for agarbatti (incense stick) will hit the industry in the Northeast, affecting nearly 30,000 women whose average income is between Rs 75 and Rs 105 daily, a study has revealed. Announced in the Union budget on February 28, the relaxation in the import duty will leave the artisans involved in this sector...

North-East Business Summit At Mumbai

North-East Business Summit at Mumbai. Image Credit: Nagaland Post IMPHAL, Jan 23: Many big industrialists based outside the State have strongly advocated opening tourist agencies in Manipur. Speaking at the North East Business Summit being held at Lalit Inter Continental Hotel at Mumbai today, they remarked that tourists have shown keen interest to visit Manipur. With the lifting of Protected Area...

Bangladesh Keen To Increase Trade With North-East India

SHILLONG/AGARTALA, Jan 12: The Bangladesh government is keen to increase trade, business and connectivity with northeast India, officials said here on Tuesday quoting visiting Bangladesh Prime Minister Sheikh Hasina. “Chief Ministers of northeastern states have also pleaded for more connectivity and trade between the northeastern states and Bangladesh,” an official said. The chief ministers...

Bangladesh Accord Pushes 14 Irrigation Schemes In Tripura

Image Credit: Tripura Institute of Technology AGARTALA, Jan 12: The India–Bangladesh secretary-level talks of the Joint River Commission (JRC), removed four years long deadlock over the construction of 14 irrigation projects along the border in Tripura, officials said here Wednesday. During the one-day JRC meeting held in Dhaka Monday, the two countries have agreed to sign a 15-year interim water-sharing...

Tripura’s CDR Hit By Poor Industrial Growth

AGARTALA, Jan 11: The Credit Deposit Ratio (CDR) in Tripura is unlikely to touch the national average only because of lack of industrial growth, according to bank officials. The overall CDR, which was 31 per cent in March 2010 in the State, has scaled up to 35 per cent in September 2010 and it is expected that this would go up to 40 per cent by December 31, this year. But the national CDR (68 per cent)...

North-East Projected As Investment Destination

Tea plantations, one of the many avenues for investment. Projecting northeast as an attractive investment destination and setting 2017 as target year to bring all state capitals under railway and air network besides launching several social sector projects were some of initiatives taken by Centre in 2010 to speed up development in the long-sequestered region. With lack of connectivity posing as a major...

Stalled Mizoram Power Project To Be Completed In 3 Months

AIZAWL, Jan 10: The state-owned North Eastern Electric Power Corp (NEEPCO) would soon restart work at Mizoram‘s Tuirial hydroelectric project that was suspended June 2004 due to law and order problems, an official said here Monday. ‘After the intervention of Prime Minister Manmohan Singh and Union Power Minister Sushil Kumar Shinde, the Public Investment Board (PIB) recommended the revival...

China Outward Bound Through Myanmar

Image Credit: www.internationalsteam.co.uk CHIANG MAI – Myanmar is set to become an important regional rail hub connecting China and India with markets in Southeast Asia and beyond should proposed spending plans come to fruition. As with many infrastructure developments across the region, Beijing is the driving force behind the ambitious designs. China plans to construct several routes linking...