NEWS

Monday, 30 January 2017

Northeast, India Textile And Railway To Get A New Uplift


Northeast, India to gear for a new uplift with sanction of Rs 52k corer for railway and Rs 1040 cr for textile projects as announced by Smriti Irani, Union Textiles Minister while inaugurating the 1st Edition of North East Investors Summit along with Chief Minister Mukul Sangma and Minister of State for DoNER Jitendra Singh in Shillong on 29th January.


Smriti Irani added that apart from this the Centre propose to invest Rs 820 corer in sericulture projects and Rs 1,040 crore for employment enhancement.


It is major objective to give fruitful consequences to Pradhan Mantri’s ‘Act East Policy’ a total of Rs 52,000 crore will be released by the Centre for North East railway development where 20 projects to be implemented for infrastructure improvement.



Under this ‘Act East Policy’ there are 715 development projects in the pipeline to boost international economic relationship between China, Myanmar, Bhutan and Bangladesh. Northeast is economically growing where Arvind Panagariya, vice chairman of Niti Aayog highlighted Meghalaya’s phenomenal performance in GSDP growth with 9.7 score in 2013-14 session.

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