Latest update: December, 2019
Last Updated: December, 2019
MIZORAM State Report | December, 2019
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 stood at 92.00 metric tonnes during 2018-19P.
Mizoram has the potential to generate 4,500 MW of hydro power, of which 97.94 MW was installed as of July 2019.
With a literacy rate of 91.33 per cent, Mizoram offers a highly literate workforce. Knowledge of English is an added advantage for the Mizo workforce.
With improving road, rail & air connectivity & the establishment of trade routes with neighbouring countries, trade facilitation has improved over the last decade.
According to the Department of Industrial Policy and Promotion (DIPP), cumulative FDI inflows to the North-eastern states, during April 2000 to March 2019, stood at US$ 116 million and for Q1 FY20 FDI inflow stood at US$ 6 million.
Note: P - Provisional
Last Updated: December 09, 2019