Manipur has got many areas of strength and opportunities that justify investment in the state.
The state has abundant natural resources that offer potential for the development of infrastructure and industrial sectors.
The existing Indo-Myanmar border trade currently underway in the border towns of Moreh and Tamu enables a full-scale trade relationship between India and Myanmar, which would further extend to other adjacent countries.
The following are some of the major initiatives taken by the government to promote Manipur as an investment destination:
- 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.
- 67 clusters have been sanctioned during 2007-08 to 2012-13 under the Integrated Handlooms Development Scheme (IHDS) in the state.
- Four new handloom production centres (HPCs) have been planned. These centres would be expected to procure 125 bales of cotton yarn, 1,875 kg of acrylic yarn, 28 kg of polyester/ blended yarn, 16 kg of fancy yarn and 69 kg of other yarns.
- For the Annual Plan 2013-14, a sum of US$ 2.02 million is proposed for implementation of the existing 13 sericulture development schemes.
- 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.