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NE Investor summit coming up to unlock huge potential in textile

YarnsandFibers News Bureau 2016-12-24 11:00:00 – New Delhi

The Ministry of Textiles have take an initiative to organize first ever Investors’ Summit exclusively for the Northeast (NER) in association with the Ministry of DoNER and industry associations FICCI and CII with an aim to showcase the NER as a global destination for investment, and explore possibility of convergence of efforts of various central Ministries and North Eastern States to attract investment in NER.

The summit will be held on 30-31 January 2017 at Shillong which will be attended by the all North Eastern States, Industries from North East and leading investors across the country. The Summit is expected to unlock huge potential of the NER in textile manufacturing and generate new avenues for employment in the region.

North Eastern Region has huge potential for investments particularly in the field of textiles and handicrafts due to its inherent strength for skilled work force and locally available raw material.

Ministry of Textiles is implementing projects worth Rs 1050 cr for Handlooms, Handicrafts, sericulture, Apparel & Garmenting, Technical textiles etc. in the eight States of North East region in line with the Act East policy of the Government. These projects will created a foundation for further growth of manufacturing in textile sector.

There are also schemes where various incentives/ concessions are available for investments in NER..

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