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Thursday, December 8, 2022
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Efficient industrial policy needed to attract investment in Manipur: Minister Kipgen

Minister Nemcha also expressed her gratitude to the CM for entrusting her with the responsibility to make Manipur, a hub for India’s future trade and commerce

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Imphal: Textiles, Commerce and Industry Minister, Nemcha Kipgen stressed that an efficient industrial and investment policy is the need of the hour to attract investment and spur robust economic activity for industrial development in Manipur. 

This was stated by the Minister speaking as the chief guest at the “One Day Workshop on Framing of Industrial and Investment Promotion Policy (IIPPM)-2022” held Thursday at the conference hall of Institute of Cooperative Management (ICM), Lamphelpat, Imphal.

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Industry Minister Nemcha also expressed her gratitude to the Chief Minister of Manipur, N. Biren Singh for entrusting her with the responsibility to make Manipur, a hub for India’s future trade and commerce with neighbouring states and countries as Manipur is India’s Gateway to South-East Asia.

Nemcha Kipgen further informed that at present, there are 34, 293 units in Micro, Small and Medium Enterprises (MSME) which was 1,085 units in the year 2015. This clearly shows that Manipur is marching ahead in the field of Industrialization, she asserted.

It may be mentioned that the Industrial and Investment Promotion Policy (IIPPM)-2022 is formulated to strengthen the State Government’s mission to act as a facilitator to accelerate industrial development and its allied sectors in Manipur through the development of infrastructure, enhancement of human resources, provision of incentives, garnering of more investments amongst others for the inclusive socio-economic development of the people of the State.

Nemcha Kipgen sought cooperation, valuable suggestions and ideas from the concerned stakeholders for the successful Framing of Industrial and Investment Promotion Policy (IIPPM)-2022 and to further accelerate economic growth in Manipur through proper linkages of infrastructure, human resources and administrative support mechanism.

Secretary, Textiles, Commerce & Industry, Michael Achom and Director, Textiles, Commerce & Industry, Yumnam Robita also attended the occasion as guest of honour and president respectively. The workshop was also attended by concerned Officers, Officials and Stakeholders from various industrial sectors. 

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