Union Minister Jyotiraditya Scindia has emphasized the growing economic importance of India’s northeastern states, positioning the region as a key growth hub for the Global South. With the eight northeastern states currently experiencing a rapid growth rate of 11-12%, well above the national average, the region is becoming a strategic launch pad for trade networks in South-East Asia.
In anticipation of the upcoming Rising Northeast Investment Summit 2025 in New Delhi, Scindia highlighted the historical significance of the region as a key link in global trade routes. He noted that the North-East has played a crucial role in the movement of goods and services to Europe in the past, and under the leadership of Prime Minister Narendra Modi, it is now emerging as a prominent economic player.
Scindia, who oversees the portfolios of Development of the North Eastern Region (MDoNER) and Communications, recently held meetings with top industry leaders such as Mukesh Ambani, Kumar Mangalam Birla, and N Chandrasekaran in Mumbai. Discussions revolved around potential investments in agro-based industries, textiles, and tourism in the northeast region.
The Minister highlighted the government’s ongoing efforts to enhance infrastructure and connectivity in the region, transforming it into a powerful economic engine. He pointed out that a significant portion of Gross Budget Support (GBS), amounting to nearly one lakh crore, is allocated to the North-East annually. Investments in railways, highways, airports, and waterways are aimed at boosting economic growth and attracting more investment to the region.
