North Eastern region will emerge as the business destination of the entire Indian subcontinent in the Post-COVID era, says PMO Minister Dr Jitendra Singh
NEW DELHI, Apr 17 (The CONNECT) – In post COVID era, the North Eastern region of India has an opportunity to emerge as the business destination of the entire Indian subcontinent Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), Dr.Jitendra Singh said.
Addressing the “Amazon Sambhav online Summit” on the theme “Unlocking Infinite Possibilities for India”, Dr Singh - who is also the MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space - said, every adversity is accompanied with some virtue and one of the positive aspects of tumultuous COVID phase has been that it prompted us to look for new avenues, new potentials and new resources to supplement the economy and make up for the deficit accruing as a result of the pandemic. This, in turn, has led to a situation, wherein the North Eastern region of India has an opportunity to emerge as the business destination of the entire Indian subcontinent, he said.
In this regard, he cited the example of bamboo from Northeast and other vast resources in the North Eastern Region as a whole.
Lauding the Amazon’s new initiative titled Northeast Spotlight, Dr Singh said, this is indicative of the fact that even the business world of India has begun to realise where it should be looking to make a further headway in Post-COVID economy. He said, when all the known conventional resources and potentials across the country appeared to have got saturated or exhausted, Northeast will still have something to offer and that gives it a pivotal role in the times to come.
The Modi government, said Dr, is seriously conscious of this emerging scenario. That is why, he said, the 100-year-old “Indian Forest Act” has been amended to exempt home grown Bamboo from its provision and the Import duty on bamboo has been hiked in order to promote domestic bamboo products.
In the aftermath of COVID, Dr Singh said, all the stakeholders and policy planners will have to give a special focus to small and medium businesses as well as the sustainability of new or recent Start-Ups. He said, in times like this, joint initiatives and joint ventures will be imperative to put back on track all that had tended to get off the track due to COVID related turbulence.