Mizoram is one of the seven states in the North-East of India. Industries in the state enjoy a unique location-specific advantage. Bordering Myanmar and Bangladesh, Mizoram offers a gateway for engaging in international trade with Southeast Asian countries. With improving road, rail and air connectivity and the establishment of trade routes with neighbouring countries, trade facilitation has improved over the last decade.
Majorly an agrarian state, Mizoram has some of the major horticulture crops grown in the state such as banana, oranges, cabbage, and pineapple. It is the second-largest producer of bamboo in northeast India. Major rivers flowing through Mizoram, such as Tlawng and Tiau, provide hydroelectric power potential of 4,500 MW that is sufficient to meet the energy requirements of the state. Mizoram has the potential to generate 4,500 MW of hydropower, of which 97.94 MW was installed as of July 2019.
According to the Department of Industrial Policy and Promotion (DIPP), cumulative FDI inflows to the North-eastern states, from April 2000 to March 2019, stood at US$ 116 million and for Q1 FY20 FDI inflow stood at US$ 6 million.
Bamboo resources occupy 31% of the geographical area of Mizoram with a yield of 3.2 million tonnes per year. The state is endowed with 35 species of bamboo.
Handloom production in the state was USD $945,000 during 2015-16. The sector has high potential for exports to south-east Asian countries.
The state has a 24,000 ha of potential area for fish farming. However, only about 4,790 ha has been utilised as of 2015-16.
With abundant natural resources and supporting policies, the food processing sector offers potential for investment. Mizoram accounts for about 13.2% of the total fruits produced in the Northeast. The yield per hectare is on the rise because of adoption of modern horticultural practices.
Andhra Pradesh, the 10th most populated state in India, is home to about 4.1% of the country's total population. The state's population of 49.4 mn is equivalent to the population of Spain.
FDI in India Crossed 80 Billion Dollar Last Year: PM Modi
Indian Healthcare Sector Attracts Over USD 12 Billion in FDI: PM Modi
PM Modi pushes for Aatmanirbharta vision at CII Annual Meeting 2021
India must be aware of new FDI - Foreign Destructive Ideology. Says PM Modi.
FDI equity inflows into India cross $500 billion milestone