Wednesday, August 17, 2022

Situation in Nagaland conducivefor private investors, says Rio

Correspondent

With union finance minister Nirmala Sitharaman giving miss to the first Nagaland CSR and Investment Conclave 2022 due to “unforeseen circumstances”, the programme went ahead with state chief minister Neiphiu Rio gracing the inaugural function here at State Banquet Hall Monday evening.
Addressing the conclave, chief minister Neiphiu Rio mentioned about the peaceful condition Nagaland during the past 25 years following signing of the cease fire between the government of India with various Naga political groups. He said crime rate in Nagaland was much lower than most states in India and, therefore, law and order should not be an issue for investors and also exuded confidence that the Naga issue would resolved soon. Rio also acknowledged the guidance and support received from finance minister Nirmala Sitharaman and various ministries under her which enabled the conclave to widen its scope over various sectors.
Rio lamented that Nagaland has not been able to attract sufficient attention of private companies to take up sufficient projects from their CSR obligations in Nagaland. In this regard, he said out of the estimated Rs.1.25 lakh crore, which private companies spent as part of CSR over the last seven years, a miniscule 0.006% has been spent in Nagaland.
Rio also said that Nagaland has been implementing some excellent CSR projects in the areas of health and education in some of the districts of Nagaland such as provisioning of mobile medical units etc. He also mentioned that such on-going successful interventions implemented at local level can be replicated on a larger scale across the entire State with the collaboration of the respective District/State Administration or local NGOs/foundations with funding from potential CSR partners.
By launching the Chief Minister’s Micro Finance initiative, which is aimed at promoting local entrepreneurship, Rio said this will improve availability and access to credit for them while a healthy partnership with corporates from the rest of the country will ensure sustainability for these entrepreneurs.
Rio expressed optimism that private companies with their resources and expertise can help Nagaland in designing, developing and delivering innovative solutions with the use of advanced technology.
He also informed that employment and skill development initiatives were imperative given that Nagaland was blessed with a talented and naturally innovative workforce though unemployment was quite prevalent.
He added that the State is working towards introducing a modern land law that would allow for easier availability of land through leasing for identified sectors in Dimapur, Kohima, and other identified districts.
During the event, chief minister, Neiphiu Rio also launched the Nagaland Single Window System; Hospital Information System; Drugs & Vaccine Distribution Management System (DVDMS), Equipment Maintenance & Management System (EMMS), and CSR project tracking and management system. He also disbursed the first installment of Performance Incentive Grants under NECTAR to 738 government schools.
CEO, IDAN, Alemtemshi Jamir, while delivering the keynote address, said the Conclave was organized to encourage the private sector by paving the ways and means to invest their resources in the development of the State.
State chief secretary J. Alam, in his address on business economy and social environment overview, said the economy of Nagaland at present revolves around agriculture and services in which government services have a significant share.
Alam said in Nagaland GDP as in 2021-22, services sector contributed 61% and agriculture 27% while the contribution from manufacturing activities including construction was 11 %. The per capita income in Nagaland was about $ 2,000 (at GSDP of Rs. 32,424 crore in 2021-22), he said.
In her address Project Head, Her and Now Giz, Julia Karst while presenting policy brief on women entrepreneurship, said female labour force participation rate of 44.7% Nagaland was one of the highest economic participation of women in the country. She said women own 21.6% of enterprises in Nagaland, which was comparable to the national average in India with most being self-employed and in informal micro businesses.
Karst was hopeful that entrepreneurship in Nagaland was at a tipping point and with an enabling business ecosystem, entrepreneurship in the state could really take off.
She said GIZ vision was to catalyse women entrepreneurship in Nagaland by supporting the Government of Nagaland to create a supportive ecosystem for women entrepreneurs and has set five key recommendations on how to turn this vision into reality.
The five key recommendations included creating a centralized platform online, increase the number of dedicated support programmes, enhancing and improving digital finance, ensuring that Naga women entrepreneurs are well represented in industrial trade and events and access to finance.
Also sharing his experience of doing CSR in Nagaland, Founder of Eleutheros Christian Society Rev. Dr.Chingmak Chang said state government was very open to innovations and encouraged the investors to give a try investing in the state and work with the NGOs and government.
Ministers, advisors, senior officials from companies, banks, foundations and NGOs, guests from across the country & abroad, government officials from Nagaland and Government of India attended the event
About 60 investors, CEOs across the country attended the curtain raiser event.
According to DIPR, CEO, IDAN, Alemtemshi Jamir, informed that the Union Finance Minister will be visiting Nagaland in the last week of August during which the programmes of the Conclave would be held.

SourceNPN

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