North East rail projects

Twenty major railway projects specifically for the North East region, costing approximately Rs.52,000 crore, have been taken up by the Government to strengthen the infrastructure and investment opportunities in the North East Region.

Highlighting these projects, #Union Textiles Minister Smriti Zubin Irani said around 715 development projects in the region are being executed, including tie-ups with countries like Bangladesh, Myanmar and China through economic corridors, to ensure the success of the ‘Act East Policy’.

Irani was speaking at the inauguration of 1st #North East Investors’ Summit in Shillong on 29 Jan 2017, where early 20 Memorandum of Understanding (MoUs) were signed for collaboration in the region’s textile sector

The Textiles Ministry has sanctioned projects worth more than Rs. 1,040 crore for the North Eastern Region and schemes were being implemented for the promotion of handloom, handicrafts, sericulture and garmenting.

The Textiles Ministry has sanctioned projects worth more than Rs. 1,040 crore for the North Eastern Region and schemes were being implemented for the promotion of handloom, handicrafts, sericulture and garmenting.

Irani disclosed that the Government could infuse Rs.820 crore for supporting sericulture in the region.

The North East region has the potential to become a power-house for tourism, hydro-power and textile exports, especially to Southeast Asian markets. fii-news.com