Trade Analytics

Industrial Development & Economic Growth in Mizoram

Latest update: July, 2019

Economic Snapshot
Per capita Income

 

July, 2019

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 neighboring countries, trade facilitation has improved over the last decade.

Between 2011-12 and 2017-18, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 15.93 per cent to Rs 176.20 billion (US$ 2.73 billion) whereas the per capita GSDP grew at a CAGR of 14.23 per cent to Rs 145,143 (US$ 2,252.02). Total merchandise exports from the state stood at US$ 1.07 million in FY18 and US$ 1.08 million in FY19 (up to November 2018).

The state has the potential to harness 4,500 MW of hydro power. As of April 2019, Mizoram has an installed capacity to produce 97.94 MW of hydro power. 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.

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.
  • 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.
  • Aizawl has been selected under Atal Mission for Rejuvenation and Urban Transformation (AMRUT) for which Rs 140.25 crore (US$ 19.44 million) has been allocated to Mizoram as of January 2019. It has also been selected under the smart cities mission of Government of India.
  • In June 2017, Government of Mizoram had introduced ‘Mizoram Eco-Tourism’ Policy to promote understanding of heritage, values, nature and wildlife conservation keeping bio-diversity, eco-system functioning and socio-economic development on priority. The policy will also help in employment generation.
     
Mizoram State Presentation

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Mizoram Map

Mizoram