The Northeast region of India comprises of seven States, which are rich in fertile land and are credited with an impressive expanse of forests, substantive minerals and hydrocarbon deposits. Despite being endowed with such rich resources, the region languishes in underdevelopment with extremely poor social indicators. As India gears up to usher in an era of economic development, it must take into account the benefits of inclusive growth coupled with the strategic advantage the region has to offer. There are several obstacles, which have thwarted the socio-economic and infrastructural growth of the region. Among others, the most notable remain the issues relating to poor connectivity with the rest of India and trading routes in the East; law and order problems, especially internal security; lack of infrastructure; negative investor sentiment; poor track record of governance and limited access to quality education.
Although the Government of India has earmarks 10% of its allocated funds for North East, it is imperative for the private sector to partake in the development process for spurring the economic growth of the Region.
We invite you to share stories, to explore problems, and to establish a platform to tackle the North East’s unique development challenges.
Oval Observer Foundation is delighted to convene a Dialogue as the first event of its recently launched North-East Economic Development Forum project. The dialogue will bring together relevant stakeholders from academia, government and private sector with the objective of exploring the shortcomings in the current policy and governance landscape in India targeted at addressing development issues in the North-East Region. The Dialogue will also explore the role of markets in developing and investing in PPP frameworks in order to provide the much-needed impetus for socio-economic growth of the region.
Key Topics of the Dialogue will include:
Creation of economic bases across the North-East region focussed on Infrastructure, Enterprise Development, Trade and skill development
Tackling the region’s unique security challenges with the objective of boosting foreign direct investment.
Identification of governance issues, including governance through local grassroots institutions.
Re-thinking the Look-East Policy with the objective of yielding beneficial returns.
Sensitization of Ministries, Departments and Agencies of the Union Government to give priority to development concerns of the North East Region.
Greater synergy between the industry, civil society organizations and State Governments for smoother implementation of PPP projects in the region.
Dr. Gareth Price, Sr. Research Fellow, Asia Programme, Chatham House (Royal Institute of International Affairs, UK)
Mr. Rajiv Gauba, Additional Secretary, Ministry of Home Affairs, Government of India
Announcement of North East India Economic Development Project
Mr. Sanmit Ahuja, Vice Chairman, Oval Observer Foundation