Mizoram has abundant bamboo resources as around 57% of the geographical area of Mizoram is under Bamboo cover found at heights in the range of 400m-1500m above mean sea level.
Mizoram is one of the seven states in the northeast. Mizoram shares its borders with other northeast states like Manipur, Tripura, and Assam as well as with neighbouring countries of Bangladesh and Myanmar.
At current prices, the gross state domestic product (GSDP) of Mizoram reached Rs. 290.76 billion (US$ 3.81 billion) in 2020-21. At current prices, Net State Domestic Product (NSDP) of Mizoram reached Rs. 224.42 billion (US$ 3.18 billion) in 2019-20.
In FY21, the total merchandise export from the state stood at US$ 0.69 million. the total exports from hand tool, cutting tool of metals stood at US$ 0.37 million (53.6.9%).
As of August 2022, Mizoram had a total installed power generation capacity of 213.24 MW, comprising hydro (97.94 MW), thermal (70.81 MW) and renewable energy sources (44.49 MW).
The state has a large forest area and contributes 14% to the country’s bamboo production. The climatic conditions in the state provide a breeding ground for commercial exploitation of all kinds of silkworm.
Zoram Industrial Development Corporation (ZIDCO) is responsible for the overall development of industrial infrastructure in the state. Mizoram has eight industrial estates, of which five are operational and the remaining are yet to be developed.
The following are some of the major initiatives taken by the government to promote Mizoram as an investment destination:
Note: MW - Megawatt
Minister of State for Culture and Tourism (Independent charge), Mr Prahlad Singh Patel virtually inaugurated Thenzawl Golf Resort Project implemented under the Swadesh Darshan Scheme of Ministry of Tourism.
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.