Latest update: July, 2019
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.
State has a high literacy rate of 80.11 per cent. A majority of the population in the state speaks English, which is the official language of the state. The state strongly focuses on technical and medical education.
Between 2011-12 and 2018-19, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 12.05 per cent to Rs 0.27 trillion (US$ 3.81 billion) whereas the Net State Domestic Product (NSDP) expanded at a CAGR of 15.72 per cent to Rs 0.19 crore (US$ 2.82 billion) between 2011-12 and 2015-16. Agriculture accounts for a significant share in Nagaland’s economy. It contributed 27.47 per cent to the state’s total GSDP during 2018-19. Around 60 per cent of the population is engaged in the agriculture sector.
As of May 2019, Nagaland had total installed power generation capacity of 170.03 MW, of which 138.36 MW was under central sector, 30.67 MW was under state utilities and private sector accounted for 1.00 MW. Of the total installed power generation capacity, 81.03 MW was contributed by thermal, 57.33 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 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.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), cumulative FDI inflows into the state, during April 2000 to March 2019, reached US$ 116 million.
The following are some of the major initiatives taken by the government to promote Nagaland as an investment destination:
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