Last Updated: March 31, 2015
Latest update: November, 2014
Last Updated: November, 2014
NAGALAND State Report | November, 2014
Nagaland is located in the Northeast of India. The state is surrounded by Myanmar in the east, Arunachal Pradesh in the north, Assam in the west and Manipur in the south.
Nagaland has around 600 million metric tonnes (MT) of crude oil and more than 20 million tonnes (MT) of hydrocarbon reserves, which are unexploited. Moreover, the state has 315 MT of coal reserves and 1,038 MT of limestone reserves.
Nagaland's estimated hydropower generation potential is 1,574 megawatt (MW), while the installed capacity is 53.32 MW as of June 2014, presenting huge investment opportunities.
The agro-climatic conditions in Nagaland provide commercial opportunities for floriculture and horticulture. The state has 650 indigenous species of medicinal and aromatic plants. Honey production in the state stood at 380 MT during 2012 and is expected to reach 1,000 MT by the end of the 12th Five Year Plan period.
The state provides institutional support through various central and state government agencies viz., North East Council, Ministry of Development of North Eastern Region and Nagaland Industrial Development Council.
The state offers excellent policy and fiscal incentives for agro-based and forest-based industries, horticulture, food processing, mining, tourism, and the handlooms and handicrafts sectors. Transport and communication facilities are good. Industrial centres and special economic zones (SEZs) are being developed to enhance the marketability of products.