Industrial Development & Economic Growth in Manipur

Latest update: July, 2018

Economic Snapshot
Per capita Income

 

July, 2018

Manipur is one of India’s largest bamboo producing states and a major contributor to the country’s bamboo industry. Handlooms are the largest cottage industry in Manipur and the state ranks among the top five in terms of the number of looms in the country. Due to its wealth of flora and fauna, Manipur is described as a ‘flower on lofty heights’, ‘a jewel of India’ and ‘Switzerland of the East’. Its breathtaking scenic beauty makes it a tourist’s paradise.

Between 2011-12 and 2016-17, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 10.63 per cent to Rs 214.01 billion (US$ 3.19 billion). The Net State Domestic Product (NSDP) expanded at a CAGR of 10.94 per cent between 2011-12 and 2016-17 to Rs 193.30 billion (US$ 3.00 billion).

Manipur holds significant cultivation potential for various horticultural crops due to varied agro-climatic conditions. Entrepreneurs get easy access to process and market a wide variety of rare and exotic medicinal and aromatic plants grown in the state. Manipur also has large quantity of natural resources that offer potential for the development of infrastructure and industrial sectors.

The total production of horticulture crops in the state stood at 906.84 thousand tonnes in 2017-18 over 124.80 thousand hectares of area. Raw silk production in Manipur during 2017-18(P) stood at 389 metric tonnes.

The following are some of the major initiatives taken by the government to promote Manipur as an investment destination:

  • The Central Government has allocated US$ 37.07 million under National under Highway (Original works) and Special Accelerated Development Programme for North East (SARDP-NE) in 2017-18 for road construction in the state.
  • The government has drafted a new Industrial and Investment Policy, 2017 foreseeing setting up of a “Single Window Agency” for approvals.
  • Cargo terminal at Imphal airport would facilitate the export of handicrafts items and perishable cargo and generate employment opportunities in the state. The terminal will provide a boost to the export of handicrafts items and perishable cargo and generate employment opportunities in the state.
  • In March 2018, the government sanctioned a budget of Rs 254.09 crore (US$ 39.25 million) for urban housing as a central share of PMAY-Urban in State Budget 2018-19.
  • The Government of India has a trilateral agreement with Thailand and Myanmar to construct a trans-Asian highway connecting India (through Manipur) to the two countries. The project is in construction phase.
  • In January 2018, Manipur Chief Minister N Biren, introduced the Chief Minister-giHakshelgiTengbang (CMHT), health assurance scheme for the disabled and underprivileged people, which provides cover of up to Rs 2 lakh (US$ 3,089.29) per eligible family, identification is based on Socio Economic Caste Census (SECC).Moreover, the government has sanctioned a budget of Rs 20 crore (US$ 3.1 million) for the scheme.
  • In March 2018, the government sanctioned a budget of Rs 476.97 crore (US$ 73.67 million) for education sector.
  • The Government of India has sanctioned several projects for Manipur such as
  • Integrated Infrastructural Development Project (IID) project at Moreh with a total project cost of US$ 1.19 million
  • Export Promotion Industrial Park (EPIP)project at KhunutaChingjin in the Kakching sub-division of Thoubal district at a project cost of US$ 3.1 million.
  • Four new handloom production centres (HPCs) have been planned.
  • Establishment of a food park at Nilakuthi with a project cost of US$ 5.3 million (revised) to provide common facilities like cold storage, warehouse, quality control laboratories, packaging, tool room, power & water supply and sewerage treatment.

Note: (P) - Provisional

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