Latest update: May, 2018
Nagaland is one of the seven states in the north-east. The state is flanked by Myanmar in the east, Arunachal Pradesh in the north, Assam in the west and Manipur in the south. Nagaland’s agro-climatic conditions favour agriculture, horticulture and forestry, offering immense potential in these areas.
Between 2011-12 and 2016-17, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 11.64 per cent to Rs 0.21 trillion (US$ 3.15 billion) whereas the Net State Domestic Product (NSDP) expanded at a CAGR of 15.92 per cent to Rs 0.18 crore (US$ 2.82 billion) between 2011-12 and 2015-16. Agriculture accounts for a significant share in Nagaland’s economy. It contributed 28.42 per cent to the state’s total GSDP during 2016-17. Around 72 per cent of the population is engaged in the agriculture sector.
As of April 2018, Nagaland had total installed power generation capacity of 155.37 MW, of which 123.70 MW was under central sector and 30.67 MW was under state utilities. Of the total installed power generation capacity, 70.33 MW was contributed by thermal, 53.37 MW by hydro and 31.67 MW by renewable energy.
The state has considerable resources of natural minerals, petroleum and hydropower. Nagaland has around 600 million metric tonnes (MT) of crude oil and more than 20 million tonnes (MT) of hydrocarbon reserves, which are unexploited. Moreover, the state has 315 MT of coal reserves and 1,038 MT of limestone reserves. Nagaland's estimated hydropower generation potential is 1,574 megawatt (MW), while the installed capacity is 53.37 MW as of April 2018, presenting huge investment opportunities.
Nagaland Industrial Development Corporation (NIDC) is responsible for the development of industrial infrastructure in the state.
Promoted by NIDC, the Export Promotion Industrial Park (EPIP) at Dimapur has received formal approval as a special economic zone (SEZ) for agro and food processing. A proposed multi-product SEZ spread across 400 hectares in Dimapur has received formal approval.
The following are some of the major initiatives taken by the government to promote Nagaland as an investment destination:
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