State profiled as prospective investments
Source: The Sangai Express / Ninglun Hanghal
New Delhi, January 10 2014 :
The Investment and Technology Promotion (ITP) division of the Ministry of External Affairs released a publication "India in Business" today here.
In her speech, Foreign Secretary Sujatha Singh underlined the critical role of economy in diplomatic international relations stating that economic interest is the main driver of such relations.
Singh said that the publication is an aim to attract, encourage and a guide for global investors in India.
The publication contains an overview of the Indian economy, tax regulatory framework , 25 sectoral profiles and 28 States profiles.
Manipur economic profile shows that the Gross Domestic Product (at FY 05 price) is at $ 1.5 billion in FY 2013, which is growing at a CAGR of 6.5 percent during FY 2008 � FY 2013.The economic growth rate was estimated at 7.1 percent in FY 2013.The per capita net State Domestic Product ( at FY 05 prices ) is pegged at $ 673.7 in FY 2013 and is growing at a CAGR of 4.6 percent during FY 2008- FY 2013 .
For investment, Manipur offers a huge trade opportunity with South East Asian countries, being a gateway to the South Asia Development Triangle which encompasses Eastern, North Eastern India, Nepal, Bhutan and Bangladesh.
The State has a strong base for food processing and large pool of skilled labor, educated workforce due to its high literacy rate.
Besides connectivity with four National Highways, Air connectivity and on-going railway link , expected to be completed by 2016, Manipur is an attractive tourist destination.
The 'India in Business' publication will be distributed to all the Indian Missions and Posts abroad for further dissemination among foreign investors and business and will be translated into 10 other languages including Spanish, French, Chinese, Arabic, Russian, German, Portuguese, Bahasa Malaysia, Turkish and Myanmar.