Industrial Development & Economic Growth in Mizoram

Latest update: May, 2018

Economic Snapshot
Per capita Income

 

May, 2018

Mizoram is one of the seven states in the North-East. 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.

Between 2011-12 and 2016-17, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 17.61 per cent to Rs 163.34 billion (US$ 2.43 billion) whereas the per capita GSDP increased at 15.55 per cent CAGR to Rs 134,615 (US$ 2,006).

The state has the potential to harness 4,500 MW of hydro power. As of May 2018, Mizoram has an installed capacity to produce 99.13 MW of hydro power. More PPP participation is expected to enhance the production. The state has a large forest area and contributes 14 per cent 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.

ZIDCO has established an integrated infrastructure development centre (IIDC) at Lunglei district. The centre offers power, water, telecommunication and other amenities for the industrial units.

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

  • The railway project of Bhairabi-Sairang route is estimated to be commissioned in 2018-19.
  • A border trade centre has been established for trade with Bangladesh.
  • Mizoram is setting up a special economic zone (SEZ) in the Northeast with assistance from the North East Council. The SEZ will be located at Khawnuam village in Champhai. Bamboo-based industries would play a major role in the proposed SEZ.
  • The National Bamboo Mission (NBM), a centrally sponsored scheme, envisages increase in the coverage area under bamboo plantation and consequently improvement in yield to 18-20 tonnes per hectare from current 3 tonnes.
  • The state government is working towards bringing maximum families under sericulture farming and silkworm rearing. The government of Mizoram has opened one research & training institute at Aizawl (Zemabawk) which provides training and certification courses in Sericulture.
Mizoram State Presentation

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Mizoram Map

Mizoram