Manipur is one of India’s largest bamboo producing states and a major contributor to the country’s bamboo industry. Handlooms are the largest cottage industry in Manipur and the state ranks among the top five in terms of the number of looms in the country. Due to its wealth of flora and fauna, Manipur is described as a ‘flower on lofty heights’, ‘a jewel of India’ and ‘Switzerland of the East’. Its breathtaking scenic beauty makes it a tourist’s paradise.
Between 2004-05 and 2014-15, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 7.77 per cent to US$ 2.4 billion whereas the Net State Domestic Product (NSDP) expanded at a CAGR of 7.18 per cent to US$ 2.06 billion.
Manipur holds significant cultivation potential for various horticultural crops due to varied agro-climatic conditions. Entrepreneurs get easy access to process and market a wide variety of rare and exotic medicinal and aromatic plants grown in the state. Manipur also has large quantity of natural resources that offer potential for the development of infrastructure and industrial sectors.
The following are some of the major initiatives taken by the government to promote Manipur as an investment destination:
- In 2015, the state government introduced two schemes for the sericulture sector to boost the production of mulberry raw silk and eri spun silk.
- In March 2015, the central government and Asian Development Bank signed an agreement for improving road connectivity and increasing domestic and regional trade in the state. The cost of this project is estimated to be US$ 300 million.
- To provide welfare measures and better working conditions to handloom weavers, schemes such as group insurance, health packages, work-shed cum-housing scheme, project package scheme, integrated handloom village development project and the Deen Dayal Hathkargha Protsahan Yojana are being implemented in the handloom sector.
- The Government of India has sanctioned several projects for Manipur such as
- Integrated Infrastructural Development Project (IID) project at Moreh with a total project cost of US$ 1.19 million.
- Export Promotion Industrial Park (EPIP)project at Khunuta Chingjin in the Kakching sub-division of Thoubal district at a project cost of US$ 3.1 million.
- Trade centres, one at Moreh and another at Imphal at total cost US$ 0.4 million.
- Industrial growth centre project at Lamlai-Napet with a total project cost of US$ 6.2 million.
- Four new handloom production centres (HPCs) have been planned.
- Establishment of a food park at Nilakuthi with a project cost of US$ 5.3 million (revised) to provide common facilities like cold storage, warehouse, quality control laboratories, packaging, tool room, power & water supply and sewerage treatment.
Manipur State Presentation
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