Northeast has tremendous capabilities, launch pad for entire global South: Scindia
Earlier this week, the minister met top industry leaders including Mukesh Ambani, Kumar Mangalam Birla, and N Chandrasekaran in Mumbai ahead of the Rising Northeast Investment Summit 2025.
PTI
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Photo: PTI
New Delhi, 4 May
India's northeastern states -- growing at between 11-12 per cent
-- present "tremendous opportunity" as launch pad for all of global
South, Union Minister Jyotiraditya Scindia has said underlining its historic
and "fundamental" significance in the economies and trade networks of
the entire South-East Asian region.
Scindia, who is Minister for Development of the North Eastern
Region (MDoNER) and of Communications, has been actively driving initiatives to
enhance connectivity, infrastructure and ecosystems across the northeast,
positioning the region as India's next economic powerhouse, integrating all the
eight states into a unified growth vision.
Earlier this week, the minister met top honchos of India Inc.,
including Reliance Industries Chairman Mukesh Ambani, Aditya Birla Group
Chairman Kumar Mangalam Birla as well as Tata Sons' Chairman N Chandrasekaran
in Mumbai, ahead of the Rising Northeast Investment Summit 2025 scheduled to be
held in New Delhi this month.
Discussions focused on region-specific growth sectors including
agro-based industries, textiles, and tourism.
In a recent interview to PTI, Scindia noted that the northeast has
historically been a very fundamental part of economies and trade for the whole
of South-East Asia.
"It is important to keep in mind the history of the North
East...It is through the North-East that goods and services used to travel all
the way up to Europe. I believe that the North-East has...under Prime
Minister's leadership, the concept of what used to be the last state has become
today the first state," Scindia said.
Scindia noted that the northeast, endowed with rich natural and
human resources, is experiencing growth rates exceeding the national average by
over 300 basis points, with each of the eight states growing at around 11-12
per cent. He emphasised that this positions the region as a strong launch pad
for the entire 'Global South'.
"I believe that today, as they grow, and their growth rates
are in excess of 300 basis points of the national average... that each one of
our eight states are growing at between 11-12 per cent. They present a
tremendous opportunity for a launch pad for all of the global south. And that
has been the Prime Minister's vision, which is what we are actualising on by
the tremendous amount of investment into infrastructure, be it railways,
highways, airports, waterways across-the-board...Ten per cent of Gross Budget
Support (GBS), which is close to one lakh crore, going into the North-East
every single year," Scindia said.
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