Commerce Dashboard

Industrial Development & Economic Growth in Mizoram

Last updated on Jun, 26 2020

Economic Snapshot
Per capita Income

 


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.

Between 2015-16 and 2019-20, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 15.93 per cent to Rs 265.64 billion (US$ 3.80 billion). At current prices, Net State Domestic Product (NSDP) of Mizoram reached Rs 203.16 billion (US$ 2.68 billion) in 2019-20.

Total merchandise export from the state stood at US$ 1.33 million in FY19 and US$ 0.88 million in FY20 (till December 2019).

The state has the potential to harness 4,500 megawatt (MW) of hydro power. As of March 2020, Mizoram had a total installed power generation capacity of 211.94 MW, comprising 102.44 MW from hydro, 71.51 MW from thermal and 37.99 MW from renewable energy sources (RES).

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.

According to Department for Promotion of Industry and Internal Trade (DPIIT), Foreign Direct Investment (FDI) inflows to Mizoram** totalled US$ 122 million between April 2000 and September 2019.

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:

  • Mizoram has 24,000 hectares of area that could be utilised for fish farming. Of this, just 5,477 hectares were developed as ponds and tanks until 2018-19. The state’s fish production reached 7,230 MT in 2018-19.
  • By 2021, Mizoram Government plans to construct four solar plants and a solar park to generate 80 MW solar power.
  • Under State Budget 2019-20, Rs 376.84 crore (US$ 53.92 million) was allocated to the Urban Development and Poverty Alleviation Department for Improvement of Urban Infrastructure in Cities and Towns.
  • The railway project of Bhairabi-Sairang route is estimated to be completed by the end of 2020. Mizoram will get connected with the main rail lines through 52 ksm Sairang – Bhairabi rail line, crossing through 23 tunnels, 36 major and 147 minor bridges.
  • 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 the current 3 tonnes. As of August 2019, the Government of India released Rs 5.71 crore (US$ 0.81 million) for Mizoram under National Bamboo Mission (NBM).
  • Aizawl was selected under Atal Mission for Rejuvenation and Urban Transformation (AMRUT) for which Rs 140.25 crore (US$ 19.44 million) was allocated to Mizoram in January 2019. It was also selected under the smart cities mission of the Government of India.

Note: MW - Megawatt, **- includes Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura

Mizoram State Presentation

Download PDF Download PDF   (Size: 1.46 MB )

To access Archived reports, please click here

Mizoram Map

Mizoram