Latest update: April, 2018
Last Updated: April, 2018
MIZORAM State Report | April, 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.
With 30 per cent (6,346 sq km) of its geographical area covered by bamboo forests, the state is one of the leading producers of bamboo in India, contributing 14 per cent to the country's bamboo stock. 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. During 2016-17, raw silk production in Mizoram stood at 76 metric tonnes.
Mizoram has abundant hydro-electric power potential (around 4,500 MW). As of January 2018, Mizoram had a total installed power generation capacity of 192.02 MW (comprising 36.47 MW from state utilities & 155.35 MW from central utilities). Renewable power and thermal power contributed 36.67 MW and 61.16 MW, respectively.
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