Despite being a region with tremendous economic potential, North-East has not been able to grow as expected and has literally remained untapped, ICC Director General Rajeev Singh said.
The two-day summit is the annual flagship meet held for the 6th time in collaboration with the Ministry of DoNER and is the largest trade and investment conference-cum-exposition on India's North-East region.
The Indian Chamber strongly feels that policies and programmes need to be suitably monitored and implemented for taking the region to a higher growth trajectory, in sync with the NE Vision 2020 document released by Prime Minister Manmohan Singh in 2008.
It recommends a structural transformation of the region in terms of development to catch up with the rest of the country with an increasing average growth rate of 12.95 Gross State Domestic Product (GSDP) per annum from the present 7.5 per cent, an official communique said.
The Summit will have focused Sessions on strategic areas like: Prospects of Mining in North-East; Enhancing Infrastructure in the NER; Agenda North-East Opportunities and Strategies; Action Agenda for Agro and Food Processing in the region ; Opportunities in the Tourism and Hospitality sector.
The Summit will also have an Exhibition on the North-East region wherein all the States will display their indigenous products, and showcase their comparative advantages to investors.
More than 1,000 delegates from across the country, and also from neighbouring countries are expected to attend the Summit, which is happening in Mumbai for the second time after 2002.
Several Union Ministers and Chief Ministers of the region are expected to attend the meet.
The ICC will release three reports on Powering Infrastructure Growth in North-East, Capacity Development and Skill Upgradation in NER, and Horticulture in North-East India at the Summit prepared by Yes Bank, ICC''s knowledge partner in the Summit.
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