TRIPURAINFO

ICBM 2020 at Tripura University focused on Industrial Development in NER

Mrinal Banik

By Khandakar Kamrul Hasan (Bangladesh), PhD Scholar, Department of Business Management, Tripura University.

All the eight states have different developmental prospects and resources to support their efforts in contributing to the regional as well as national economy. A critical appraisal of the key economic indicators along with a detailed sketch of the individual strengths of the seven states is necessary to achieve a holistic framework to target growth in the region.

The North-East Region (NER) of India which comprises of eight states, namely Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura shares most of its boundary with China, Bangladesh, Bhutan and Myanmar. The NER accounts for about eight per cent of the country's geographical area and about four per cent of population. Tribals account for more than 30 per cent of the total population of NER. The strengths of North East Region (NER) is endowed with huge untapped natural resources and is acknowledged as the eastern gateway for the country's 'Look East Policy'. The region has certain distinct advantages; it is strategically located with access to the traditional domestic market of eastern India, along with proximity to the major states in the east and adjacent countries such as Bangladesh and Myanmar. The region is also a vantage entry point for the South-East Asian markets. The resource-rich north east with its expanses of fertile farmland and a huge talent pool could turn into one of India's most prosperous regions. On the other hand, Weakness of NER is Problem of insurgency, Lack of proper connectivity, poor infrastructure, Lack of awareness, Lack of entrepreneurial enthusiasm, Problem of unemployment and real estate, Weak agro-industry etc.

The government and the private sector need to collaborate and take the lead in providing solutions to these problems. More reform needs to be initiated in a range of areas, such as investment in agriculture, hydel power, and infrastructure as well as in creating new avenues of growth through the development of vertically integrated food processing chains, market-linked skill development and cross-border trade. There is no doubt that this could have great advantage for establishing any kind of trade and commerce. But the vary geographical condition basically the rivers and mountains of the country stand as a barrier and create geo–political tensions which ultimately act as most disadvantages factors in creating a conducive atmosphere in the path of developing trade relation among border countries.

The Government of India has taken several initiatives for development of industries in the North Eastern Region such as heavy investment has been made in power transmission with two projects covering all the 8 states sanctioned the total cost of Rs.9865 crores in order to reach power to more areas. The Comprehensive Telecom Development Plan with a budget of Rs.5336 crore has enabled better mobile connectivity with new nodes at district, block and gram panchayat levels. Internet services got a boost with the recent launch of international internet gateway from Cox's Bazar in Bangladesh to Agartala, making it the third in the country after Mumbai and Chennai. Thrust has been given for promotion of Handlooms & Handicrafts in the North Eastern Region. Under the North Eastern Region Textile Promotion Scheme, an amount of Rs. 286 crore has been spent during the last few years.

With the emergence of globalization, economic integration among nations has become a necessity. Cross-border trade is the most important medium of the current wave of globalization. In this process, knowingly or unknowingly the north east economy has emerged in to a new dimension of cross-border trade (informal trade) with neighboring nations and that increases social welfare of the poor masses of the region. The North East is located at a crossroads between three major economies – East Asia, South Asia and Southeast Asia. In order to benefit from the cross border trade initiatives industries in the region need to develop goods to be exported to the neighboring countries.  Processing industries have to be set up to manufacture quality goods, which can be offered in international markets at acceptable prices. Infrastructure and connectivity improvements in terms of strategic roads to border areas as well as Integrated Check Posts and border trade points need to be developed. This will also lead to reduced informal trade between NE and the neighboring regions.  India and Bangladesh has set up the first such 'Border Haat' at Kalaichar in West Garo Hills district of Meghalaya. The border haats or bazaars are to be set up within five km on either side of the international border. It has observed that two border haats are successfully and profitably going on here in Tripura. Two borders haats are Kamalashagar area and Sabroom area of Tripura, India.

The first time Department of Business Management, Tripura University organizing 3 days International Conference. The Moto of titled is "Industrial Development in the North Eastern Region- challenges and Opportunities" on 27-29 February 2020, sponsored by North Eastern Council, Ministry of DoNER, Govt. of India.

This conference entrepreneur meets to intend the horizon of entrepreneurship development of NER for making a new level. It is the main goal that industrial development in NER should grow at a quick place compared to Mumbai and Delhi. The International Conference may consist of inviting International Professors, Scholars, Business Consultants around the world and will be a plenary session by eminent speakers from different institutions/organizations. The conference Chair is Dr. Debarshi Mukherjee, Head of Department and Associate Professor, Department of Business Management at Tripura University and Dr. Mahasweta Das Saha, Assistant Professor, Department of Business Management at Tripura University.

 

 



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