Union minister of state (independent charge) of the Ministry of Development of North Eastern Region (DoNER) Dr. Jitendra Singh on Wednesday said in years to come, North East India will become the destination for young start ups. He said the Northeast region has a huge potential for start ups, adding that for this purpose, venture funds and other initiatives could be provided for the start ups in the region.
According to a PIB release, Dr. Jitendra Singh said this while addressing the seminar on Sub Regional Cooperation between India, Myanmar and Bangladesh in New Delhi.
The minister said there were some challenges in India’s march towards global economy such as optimum utilization of resources, optimum channelization of youth energy and best use of technology.
On India’s “Act East” policy, Dr. Jitendra Singh said, it was his considered view that to “Act East” effectively, “we first need to act for the development of North Eastern region along the international borders.” He said that connectivity was an issue in the North East India. In this regard, he suggested that new airports and chopper service can be an option.
DoNER minister said North eastern region along the international borders should be developed for the overall development of the region. “There are regional and cultural similarities on both sides of the international borders,” the minister said.
During the inaugural session, Dr. Jitendra Singh said that the business, all over, was evolving and it has to be carried forward professionally. He said that India was on the threshold of becoming a super power and for that, he emphasized on the youth power and the equitable growth of all the regions within India.
He said that North East India needed little push in the developmental aspect and the Ministry of DoNER takes care of this aspect in coordination with other ministries.
Dr. Singh said that a number of initiatives have been taken in the recent past for the overall development of North East region, such as Destination North-East festival and designating Sikkim as the first organic state in the country.
Stressing upon trade and business, Dr. Jitendra Singh said that without creating stakeholders, “we cannot proceed and the stakeholders need to be facilitated.” He said that, in food industries for example, the food items produced should be of cost effective and authentic.
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