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Investors asked to invest in the state
Correspondent KOHIMA, MAY 23(NPN):
Published on 24 May. 2011 12:39 AM IST
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Parliamentary secretary, industries and commerce, Dr. K.C. Nihoshe on Monday invited investors from outside to invest in Nagaland.
“Nagaland is now one of the most peaceful states and security should not be a hindrance for investment”, Nihoshe said.
Speaking at an investors meet on investment opportunity in Nagaland, Dr. K.C. Nihoshe said 30% to 40% of food products get wasted in Nagaland without being commercialized and underlined the urgent need for a food processing unit in the state.
He maintained that the state government cannot do the work alone and urged investors to invest on this urgent need.
Informing the state government had proposed to set up a food processing unit in Nagaland, he revealed the state was ready to give privilege to the younger generation and pointed out that though literacy rate was high in Nagaland; educated youth are still without jobs.
He expressed hope that investors from outside would initiate in investing in Nagaland and increase industrialization.
Dr. Nihoshe further highlighted some potential areas of investment in the state including medicinal plant, education, health care, hydro-electricity.
Delivering keynote address, chief secretary Lalthara said Nagaland has not been able to avail opportunity through Externally Aided Project (EAP) and expressed optimism that a private public partnership (PPP) mode would be initiated with the help of investors.
He maintained that good projects could be funded through EAP at various potential areas in Nagaland such as hydro-power, solar and biomas energy, food processing, thermal coal project.
A video presentation on investment potentials in Nagaland was shown during the seminar by the department of industries and commerce.
The seminar was attended by heads of departments from department of agriculture, horticulture, power, healthcare, IT and education.
Around 19 companies and organizations from Hyderabad, Dimapur, Guwahati, Kolkata, Mumbai, Jalgoan participated in the seminar.
The seminar was organized by the ministry of DoNER and Indian Chamber of Commerce.

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