After the impressive welcome and hospitality accorded to B20 delegates from G20 countries, the Kohima conference has attracted interest of around Rs.4500 crore investment in Nagaland. Around Rs.1000 crore is in the renewable energy section, Rs.1500 crore in bio-fuels, Rs.2000 crore in agro and food processing, rubbe, MSME, medical tourism, sports and IT sectors. Another MoU was signed between the India-Bangladesh Chamber of Commerce and Industry (IBCCI) delegation with Business Association of Nagas (BAN) at Dimapur. The IBCCI interest was mainly with regard to purchase of bamboo from the 700 acre bamboo plantation at Tuli. Interestingly also, the IBCCI delegation evinced interest in exploring avenues for revival of the Tuli Paper Mill (Nagaland Pulp and Paper Company Limited). The focus on purchase of bamboo pulp from the Tuli Paper Mill, on cursory observation, appears to be a huge potential which promises a financial bonanza. It may be mentioned that the NPCC mill begun production in 1982 with hiccups till it was eventually declared sick and production stopped abruptly in October 1992. After concerted efforts of the state, the ministry of heavy industry finally agreed to revive the mill under BEFR and for which an amount of Rs 552 crore was announced as revival package in 2007, but only Rs 54.62 was released. Another revival package was announced in June 2013 amounting to Rs 679 crore, out of which Rs 100 crore was sanctioned, but Rs 60 crore was inexplicably diverted by the HPC Ltd.The mill had been jinxed due to irregularities be it installation of a second hand boiler that perennially had to be repaired; lack of adequate power and disinterest shown by the HPC. Making pulp means through functioning machineries but the NPCC mill at Tuli is fit for scrap. Making pulp would mean installing new machines and the cost of which will mean pumping over Rs.1500 crore. It is doubtful if the Bangladeshi government would like to begin with a huge minus investment for pulp whose quantity is also under serious doubt because most of the plantation area has reverted back to the donors. Even with all other interested investors, it may be noted that there had been several economic conclaves in Nagaland in the light of the Act East policy after the Modi government came to power in 2014. The focus on the north east for trade with ASEAN countries was made a policy by the then Narasimha Rao government in the early 90s. There have been as many seminars about the policy(from Look East to Act East) and the areas identified as necessary to promote the objective of the policy. There are few vital areas where the potential could be harnessed for the foundation to carry the Act East Policy. These include- food processing sector, hospitality sector, agro based industry and minerals etc. The region can also hope to become an educational hub if the quality of higher education can be improved with reform in the education system. The list also includes the need to promote entrepreneurial skills and to upgrade infrastructural facilities etc. Unfortunately, lack of governance , has landed Nagaland with a huge public debt , in dire need of good roads, efficient rail and air connectivity and rise of a nouveau riche which has invited economic divide.<\/p>\n","protected":false},"excerpt":{"rendered":"
After the impressive welcome and hospitality accorded to B20 delegates from G20 countries, the Kohima conference has attracted interest of around Rs.4500 crore investment in Nagaland. Around Rs.1000 crore is in the renewable energy section, Rs.1500 crore in bio-fuels, Rs.2000 crore in agro and food processing, rubbe, MSME, medical tourism, sports and IT sectors. Another […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[685],"tags":[],"class_list":["post-339321","post","type-post","status-publish","format-standard","category-editorial"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/339321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=339321"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/339321\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=339321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=339321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=339321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}