Latest update: June, 2018
Last Updated: June, 2018
MIZORAM State Report | May, 2018
Mizoram is one of the seven states in the North-East of India. Mizoram shares its borders with other north-eastern states of Manipur, Tripura and Assam, and neighbouring countries of Bangladesh and Myanmar.
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 neighbouring countries, trade facilitation has improved over the last decade.
Bamboo forests cover 3,267 square kilometre of Mizoram’s geographical area. There is an estimated growing stock of 25.26 million metric tonnes of 35 varieties of bamboo in the state. It offers immense potential for commercial exploitation of the natural resources for export-oriented industries.
The climatic conditions in the state provide a conducive breeding ground for commercial exploitation of all kinds of silkworms. Sericulture remains one of the state's key industries. Raw silk production in Mizoram reached 81 metric tonnes in 2017-18 (up to November 2017). Mizoram has the potential to generate 4,500 MW of hydro power, of which 99.13 MW was installed as of May 2018.
With a literacy rate of 91.85 per cent, Mizoram offers a highly literate workforce. Knowledge of English is an added advantage for the Mizo workforce. Mizoram government has formulated a new economic development programme called 'the Way Forward' under which the agriculture and allied services would not be dependent on marginal farmers, scientific farming would be introduced and agri-business would be encouraged by bringing in the educated youth in the agricultural sector.
According to the DIPP, cumulative FDI inflows to the North-eastern states, during April 2000 to December 2017, stood at US$ 104 million.
Last Updated: April 09, 2018