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Investors willing to put in Rs 7,000 crore in NE
Assam Tribune | Raju Das | Shillong, Aug 19
Investors from different parts of India are willing to invest Rs 7000 crore in the North East, but land acquisition in the region has been a major hurdle towards realising this target. Director General of Indian Chamber of Commerce (ICC) Ranjib Singh said here that “land acquisition in the region has been a major hurdle, especially in Meghalaya, which has its own land tenure system under the Sixth Schedule of the Indian Constitution.”
Singh, who is here with a business delegation of 120 investors, said that all the business delegates are trying to familiarise themselves with the ground situation of the region before seriously putting in their money here. Investors in power, tourism, housing, steel and cement are holding discussions with different State Governments of the region.
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* This Post is uploaded on August 20, 2011.
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