Mizoram is one of the seven states in the North-East. Industries in the state enjoy a unique location-specific advantage. Bordering Myanmar and Bangladesh, Mizoram offers a gateway for engaging in international trade with Southeast Asian countries. With improving road, rail and air connectivity and the establishment of trade routes with neighboring countries, trade facilitation has improved over the last decade.
Between 2011-12 and 2016-17, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 19.40 per cent to Rs 176.13 billion (US$ 2.63 billion) whereas the per capita GSDP increased at 17.29 per cent CAGR to Rs 145,084 (US$ 2,162.53).
The state has the potential to harness 4,500 MW of hydro power. As of August 2018, Mizoram has an installed capacity to produce 99.13 MW of hydro power. The state has a large forest area and contributes 14 per cent to the country’s bamboo production. The climatic conditions in the state provide a breeding ground for commercial exploitation of all kinds of silkworm.
Zoram Industrial Development Corporation (ZIDCO) is responsible for the overall development of industrial infrastructure in the state. Mizoram has eight industrial estates, of which five are operational and the remaining are yet to be developed.
The following are some of the major initiatives taken by the government to promote Mizoram as an investment destination: