Manipur woos investors for upcoming textile park
Manipur woos investors for upcoming textile park
Source: The Sangai Express / Press Trust of India
New Delhi, April 12 2015 : Manipur is wooing investors for its upcoming textile park in the suburbs of State capital Imphal, highlighting its strategic location advantage as a gateway to South East Asia.
Although the State has faced law and order issues, the Manipur Government is assuring investors safety and security as it tries to create much-needed jobs for the unemployed.
The State’s efforts to woo investors come amid the Centre’s increasing focus on the country’s eastern region.
Besides, Prime Minister Narendra Modi has been emphasising that Indian businesses should focus on increasing trade with the South East Asian Nations.
“We have been asking investors to come and see for themselves the opportunities at the textile park in Imphal.
Manipur is India’s gateway to South East Asia,” Manipur Minister of Commerce and Industry Govindas Konthoujam told PTI in an interview here.
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“Considering how India has intensified its focus on the neighbouring countries with a change from ‘Look East’ to ‘Act East’ policy, it is the right time to invest there,” he said.
Already some companies, including Mumbai-based Etco Denim, Triveni Rayons, Narmada Polyfab and Fairdeal Textile Park (all from Surat), have expressed interest to set up units in the upcoming textile park at Lamboikhongnangkhong in Imphal.
“They will soon come to Manipur to do a feasibility study and we will provide support to them to invest there,” said Konthoujam.
via NorthEast Calling http://necalling.com/manipur-woos-investors-for-upcoming-textile-park-32090
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