The Nagaland Beekeeping and Honey Mission has the vision to produce 2,000 metric tonnes of honey and 2 metric tonnes of wax by 2020, valued at Rs. 100 crore (US$ 12.2 million) annually.
Nagaland is one of the seven northeast states and is located on India’s farthest east side. The state is flanked by Myanmar in the east, Arunachal Pradesh in the north, Assam in the west, and Manipur in the south.
The state has considerable resources of natural minerals, petroleum, and hydropower. It has unexploited reserves of around 600 million metric tonnes (MT) of crude oil and more than 20 MT of hydrocarbons. Moreover, the state has 315 MT of coal reserves and 1,038 MT of limestone reserves.
The agro-climatic conditions in Nagaland provide multiple commercial opportunities for floriculture and horticulture. The state has 650 indigenous species of medicinal and aromatic plants. Bamboo is found extensively in Nagaland, with bamboo growing stock covering nearly 5% of the total stock in the country. As of 2018, Nagaland had 46 species of bamboo. Raw silk production in the state stood at 264 MT in 2020-21, 273 MT in 2021-22 and 304 MT in 2022-23.
As of May 2023, Nagaland has a total installed power generation capacity of 208.07 MW, of which 172.36 MW was under the central sector, 32.67 GW under state utilities, and 3.04 GW under the private sector. Out of the total installed power generation capacity, 106.03 MW was contributed by thermal, 66.33 MW by hydro, and 35.71 MW by renewable energy.
In March 2022, the Nagaland Government signed a power purchase agreement (PPA) with Hyderabad based Halo Energie Pvt Ltd to develop Nagaland’s first greenfield solar power project in Dimapur. The 20 MW power project is estimated to cost around Rs. 120 crore (US$ 15.7 million) and generate 28 million units per year.
The State Government has given the clearance for a 21 MW hydro power project at Hakchang village in Tuensang district and a 27 MW thermal project at Tuli, both of which are expected to be operational during 2022-23.
Total exports from the state stood at US$ 1.14 million in 2021-22 and in FY23, it stood stood at Rs. 10.89 crore (US$ 1.3 million). Major items exported from Nagaland are human hair and products, plywood and allied products, handloom products, and electrical instruments.
In 2020-21, total exports of electric machinery from Nagaland stood at US$ 1.48 million (24.4% of total exports).
The state provides institutional support through various central and state government agencies viz., the North East Council, the Ministry of Development of North Eastern Region and the Nagaland Industrial Development Council.
The state offers excellent policy and fiscal incentives for agro-based and forest-based industries, horticulture, food processing, mining, tourism, and the handloom and handicraft sectors. Industrial centres and special economic zones (SEZs) are being developed to enhance the marketability of products.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), FDI inflows to Nagaland totalled US$ 0.014 million between October 2019-March 2023.
Note: MW - Megawatt