Lok Sabha Question No. 1524 (UNSTARRED), answered on 2024-07-31
Subject: Investment in North Eastern Region
Ministry: DEVELOPMENT OF NORTH EASTERN REGION
Asked by: Shri Baijayant Panda

## Government of India

## Ministry of Development of North Eastern Region

## LOK SABHA Unstarred Question No.1524

To be answered on Wednesday, July 31, 2024/9 Shravan, 1946 (Saka)

## QUESTION Investment in North Eastern Region

## 1524.  Shri Baijayant Panda:

Will the Minister of DEVELOPMENT OF NORTH EASTERN REGION be pleased to state:

- (a) the measures that have been taken to attract investment and boost trade in the North Eastern Region; and
- (b) the details of data on the foreign and domestic investment inflows into this region over the past ten years?

## ANSWER

## The Minister of State  of the Ministry of  Development of North Eastern Region (Dr. Sukanta Majumdar)

- (a) Government of India has taken many initiatives for creating investment friendly ecosystem in the North Eastern Region (NER) such as Business Reform Action Plan (BRAP) for improving the regulatory framework affecting businesses in India; Reducing Compliance Burden on Businesses and Citizens to improve Ease of Doing Business and Ease  of Living by Simplifying, Rationalizing, Digitizing and Decriminalizing Government to Business and Citizen Interfaces across Ministries/States/UTs; subsidizing industrial units for transportation of their finished product and raw material under  Freight  Subsidy  Scheme  (FSS),  2013  to  mitigate  locational  disadvantage  and

facilitate the process  of  industrialization  in  hilly,  remote  and  inaccessible  areas; Promoting industrialization in North East States and boosting employment generation, by  notifying  schemes  namely  North  East  Industrial  and  Investment  Promotion  Policy (NEIIPP),  2007,  North  East  Industrial  Development  Scheme  (NEIDS),  2017  and UNNATI (Uttar Poorva Transformative Industrialization), 2024.

Further, in order to promote trade and investment in NER, during the financial year 2023-24, Ministry of Development of North Eastern Region organized various activities, which  i nter  alia include  roundtables  in  the  state  of  Assam,  Meghalaya,  Mizoram, Nagaland,  Sikkim  and  Tripura;  Ambassadors'  Meet  at  New  Delhi;  roundtable  with foreign  chambers/associations  of  commerce/industries  at  New  Delhi,  Kolkata  and Hyderabad;  roadshows  at  Mumbai,  Hyderabad  and  Kolkata;  and  participated  in  the Vibrant  Gujarat  Trade  Show,  2024  with  all  the  North  Eastern  States.  These  activities provided  a  platform  to  North  Eastern  States  to  connect  with  potential  investors,  and highlight the investment potential of the North Eastern States.

(b) The details of domestic and foreign investment made in North Eastern Region are  not  maintained  centrally.  However,  Department  for  Promotion  of  Industry  and Internal Trade maintains data of Foreign Direct Investment (FDI) through equity inflow in the country w.e.f. October, 2019. The state-wise details of North Eastern Region for FDI Equity inflow reported since October, 2019 till March, 2024 is at annexure .

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Annexure

## Annexure referred to in reply to part (b) of Lok Sabha Unstarred Question No.1524 for answer on 31.07.2024

## FDI Equity inflow (from October, 2019 to March, 2024)

| S. No.   | State             |   Amount (In USD Million) |
|----------|-------------------|---------------------------|
| i.       | Arunachal Pradesh |                      5.55 |
| ii.      | Assam             |                     20.85 |
| iii.     | Meghalaya         |                      1.1  |
| iv.      | Tripura           |                      0.75 |