Last updated on Jun, 26 2020
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:
Note: MW - Megawatt, **- includes Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura
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