Manipur enjoys a distinct place amongst the handloom zones in India, with the handloom industry being the largest cottage industry in the state.
Manipur is situated in the eastern-most corner of Northeast India. The state shares borders with other northeast states like Nagaland, Mizoram and Assam, as well as with the neighbouring country of Myanmar. Due to its wealth of flora and fauna, Manipur is described as a ‘flower on lofty heights’, ‘a jewel of India’ and the ‘Switzerland of the East’. Its breathtaking scenic beauty makes it a tourist’s paradise.
Manipur has the advantage of acting as India's 'Gateway to the East' through Moreh town, which is the only feasible land route for trade between India and Myanmar, as well as other Southeast Asian countries. With about 3,268 square kms. of area covered by bamboo forests, Manipur is one of India’s largest bamboo producing states and a major contributor to the country’s bamboo industry.
Manipur has the highest number of handicraft units and the highest number of craft persons (skilled and semi-skilled artisans) in the entire Northeast region. Handlooms is the largest cottage industry in Manipur and the state ranks among the top five in terms of the number of looms in the country.
In November 2021, Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution, and Textiles, Mr. Piyush Goyal, announced that a Rs. 30 crore (US$ 3,91 million) mega handloom cluster will be set up in the Imphal East district.
In the State Budget 2022-23, the Chief Minister Mr. Nongthombam Biren Singh stated that the state would establish a ‘Manipur Skill Development Institute’ and a ‘Manipur Skill Development University’.
At current prices, Manipur’s GSDP is likely to reach Rs. 423 billion (US$ 5.52 billion) in 2022-23. The state’s GSDP expanded at a CAGR of 11.67% between 2015-16 and 2022-23.
Total exports from Manipur stood at US$ 0.93 million in FY22 and US$ 0.3 million in FY23 (till August 2022). In FY22, cotton fabrics accounted for a majority (44.18%) of the merchandise exports from the state.
As of August 2022, Manipur had a total installed power generation capacity of 246.33 MW. Out of the total installed power-generation capacity, 95.34 MW was contributed by hydropower, 133.26 MW by thermal power and 113.07 MW by renewable power.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), FDI inflows to other states* (this includes Manipur) totalled US$ 28.27 million between October 2019-June 2022.
Some of the major initiatives taken by the Government to promote Manipur as an investment destination are:
Note: * - Combined figures for Nagaland, Manipur, Mizoram, Sikkim, Andaman & Nicobar Islands and Lakshadweep
Union Minister for Road Transport & Highways, Mr. Nitin Gadkari inaugurated and laid foundation stone for 16 national highway projects in Manipur for Rs. 4,148 crore (US$ 556.95 million).
UDAN 4.0, a scheme under the Ministry of Civil Aviation (MoCA), has invited bids for 6 underserved and 24 unserved airports/airstrips in the North-East states of India with a focus on connectivity to the region.
Ministry of Tourism has sanctioned 18 projects covering all the North Eastern States for Rs 1,456 crore (US$ 208.3 million) for development and promotion of tourism.
Mr Prahlad Singh Patel, Minister of State (I/C) for Culture & Tourism and Mr N. Biren Singh, Chief Minister of Manipur, jointly inaugurated the 8th International Tourism Mart at Imphal, Manipur.
Shri Hardeep Singh Puri, Minister of State(I/C) Housing & Urban Affairs will be reviewing the progress of Urban Missions in the eight States of North-Eastern region on 1st Dec 2018. A day prior to that, Shri Durga Shanker Mishra, Secretary of the Ministry and National Mission Directors of Urban Missions will be holding review meetings with senior officials of these states in respect of various Missions of the Housing Ministry which have been launched by the central government since 2014.