News Alert

"NE emerging as new 'StartUp' destination"

PIB

New Delhi, October 16, 2017: Union Minister of State of the Ministry of Development of North Eastern Region (DoNER) Dr Jitendra Singh has said that the Northeast is fast emerging as the new "StartUp" destination for youngsters from all over India. 

Addressing the two-day National Convention on "Transforming Northeast India" here yesterday, Dr Jitendra Singh said, with the improvement in connectivity and transport facility in the last two years, coupled with concentrated administrative focus, more and more youngsters are now heading towards the North-Eastern States to venture into entrepreneurship and take advantage of its unexplored potential.

Citing an example, he said, for instance, whereas in certain areas of Northeast, including States like Arunachal Pradesh, while almost 40% of the fruit goes waste on account of lack of adequate storage and transport facilities, the same can be used to produce and manufacture fresh and pure fruit juice at a much more cost-effective price.

In an hour long interactive session with the youngsters, Dr Jitendra Singh pointed out to another area for future StartUps and said during the peak season of tourism when there is no accommodation available, even mediocre hotels charge exorbitant fares which are sometimes equal to 5-star hotel fares in a metropolitan city.

However, he said, as the ‘home tourism’ trend has picked up in the recent two to three years, several youngsters are now making a fortune out of this hitherto unexplored avenue. Dr Jitendra Singh referred to the new airports coming up at Pakyong in Sikkim, Itanagar in Arunachal Pradesh and Shillong in Meghalaya, which along with a time-bound plan to lay broad-gauge rail track, would bring in further ease of business.

Another sector of entrepreneurship which is fast emerging in Northeast, Dr Jitendra Singh said, is the medical and healthcare sector. For years, he said, there has been a trend for patients to shift outside the region, mostly to Kolkata or Vellore, but the encouragement given to the private corporate sector has now resulted in the opening of new hospitals within the region itself and young entrepreneurs are taking the lead. In this regard, he also referred to the initiative taken by DoNER Ministry to promote public-private partnership with some of the leading corporate players.