Mizoram State | Business Opportunities | Infrastructure | Tourism
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| Mizoram Bamboo Dance - Pix Credit - https://factly.in
Overview
Mizoram is one of the newest states in the Indian Union, officially established in 1987. Its landscape is characterized by steep hill ranges and narrow valleys. Mizoram has a mild climate and falls under the regular influence of monsoons. It rains heavily from May to September with little or no rainfall in the winter months.
The state borders Tripura, Assam and Manipur. Its international neighbors are Myanmar to the east and Bangladesh to the wet, which positions the state in a strategic location for developing international trade.
In recent years, the state has encourged business opportunities and growth in industries such as bamboo, agro horticulture, tourism and information technology. In order to attract visitors, particulary in the sectors just taken up several policy measures and incentive programs such as allowing joint ventures at all levels of industries like small, medium and large scale ones.
The Economic Survery of Mizoram estimated the state's economic grwoth in 2009/10 to be around 7.2 percent, similar to that of India as a whole for the same period. The services sector in the state in the same period comprised 66 percent of the state's economy, followed by the industries sector at 19.5 percent and the agriculture sector at 14.5. The secondary sector is the fastest growing sector in the state, with a compound annual growht rate of 13.6 percent between 2000 and 2009. On the other hand, the territary sector makes up the largest segment of the state's economy, monthly headed by trate, hotels, real estate, transport and communications.
Business Opportunites
The abundance of bamboo, crops, and minerals in Mizoram affords investors numerous opportunities, especillay in food processing, bottled water, fruit juice processing, preserved food canning, stone quarries, and handicrafts. With one of the highest literacy rates in the country, Mizoram has the potential to become a strong IT Player. In addition, its beautiful landscape and rich cultural heritage make ita n attractive toruist destination. Investment opportunities exist in several sectors including bamboo prodution, agro horticulture, information techonology and toruism.
In the 2010-11 budget speech of the Mizoram Legislatie Assembly , the Honorable Cheif Minister of the state emphasized the importance of nurturing a friendly environment for investment in the private and public sectors and name sustainability as a driving force for developments in agriculture, horticulture,irrigatin, soil and water conservation, animal husbandary, fisheries, forests, sericulture, cottage and small scale industries, and the like. State government backed initiatives in IT, Power generation, sports infrastructure, low cost housing, improvements in utilities, transportation infrastructure construction and investment in public sector enterprises and industry will receive further development.
Bamboo
Mizoram has an abundant reserve of bamboo forest that contributes to 14 percent of India's total bamboo output. More than 20 different species of bamboo can be found in Mizoram, fo which the melocanna baccifera species constitutes 95 percent of the growth in the state. Bamboo produced from Mizoram is used as raw material in various industries including agricultural irrigation, construction scaffolding, handicrafts, water transportation, household goods and exports. The 2002 Bamboo Policy aims to promote bamboo as a cash crop and expand the number of plantations in the state. The state in its northeast region, with bamboo products as the focus industries in the development zone
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Agriculture and horticulture
The use of fertilizer and pesticides is not common in the state, and as such much of Mizoram's produce is organically cultivated, giving its output a high value in both domestic and international food markets. The climatic condition of the state and its location in a tropical and temperate zone has contributed to the occurance of a wide spectrum of rich and varied plant growth. Profitable crops in Mizoram include mandarin oranges, passion fruit, papaya, bananas, tomatoes, garlic, turmeric, black pepper, ginger, potatoes, sweet potatoes, coffee and coconuts. Further development in farming around these crops and others is likely to bring many more investment opportunities. Mizoram produces 12 percent of total fruit output in northeast india.
Information Technology
Recognizing the potential for Mizoram's high literacy rate to contribute positively to economic growth in IT, the state government in 2011 passed the IT Policy of Mizoram. This policy emphasizes IT developmet in sectors such as industry, education, government, health , tourism, agriculture, and the general public and provides for incentives to entreprenuers and investors. Development plans include hi-tech complex for software development, the North Eastern Institute of Information Technology for IT education and research, the software technology park for exporting services such as technology consulting, maket analysis and marketing, and IT Enabled services for creating call centers, medical transcriptions, websites and back office operations.
Tourism
Mizoram's landscape provides ample points of interest for a vibrant tourism industry. Developing the necessary infrastructure to support it is therefore a key focus for the state government. Areas of opportunity include the following:
1. Large resorts, hotels and convention centers
2. Paved roads
3. Transport services
4. Amusement parks
Infrastructure
The government of Mizoram has undertaken several infrastructure projects to attract investment. Infrastructure in the state includes railways , roadways, aviation, telecommunications and power.
Roadways
The state has efficient road connectivity totaling around 5783.3 kilometers. There are three national highways in the state - the NH 54 which connects it with other parts of the country through Silchar, Assam. NH150 connects it with Seling, Mizoram, Imphal, Manipur and Kohima, Nagaland. NH 40A links it with Tripura and also Bangladesh.
Aviation
Mizoram's main airport is Lengpui Airport, located near Aizawl. It services daily flights via Alliance Air service, and flights to Kolkata, Guwahati and imphal in just all under 2 hours.
Railways
The state's closest access to rail is located in Bairabi, which is about 110 kilometers from Aizawal. There is also access via silchar, Assam about 180 kilometers from Aizawal.
Telecommunications
As of October 2008, the state had over 280,000 mobile connections, a number that is rapidy increasing. By 2009, there were 56,800 land line connections. In 2011, the wireless and broadband internet installed across the state.
Power
The state is dependent mainly on electricty imported from the central sector generation and from other states through grid lines. As of March 2010, the total installed power of the state was 130.9 MW, with more than 80 percent of the electricity used in the state were imported from neighboring states. In 2008, over 80 percent of the overall investments made to infrastructure were spend in power generation.
Resources
Government of Mizoram
Government of Mizoram - Tourism
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