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Northeast India Investment Summit to Start Tomorrow
Friday, January 11, 2008

The northeast India Investment summit will start from tomorrow. The summit will be a great platform for foreigners and the NRI's from the North East to explore opportunities in the region.

The event will allow them to look for joint venture opportunities
Besides eyeing joint venture opportunities, they will assess the modalities on public-private partnership.

Organised by the ministry of development of northeastern region, the grand event will be hosted at the Karmabir Nabin Chandra Bordoloi Indoor Stadium. It will be the second biggest conference to be held here after India International Tea Convention. Of the 60 delegates, 45 are from the Northeast who have settled outside. The rest are representatives of overseas corporate sectors and investors.

Chief Minister Tarun Gogoi and Union minister of state for commerce Jairam Ramesh will attend the summit. According to sources the venestors will have a keen look at the prevailing business environment in the region and the rules and regulations on public-private partnership.

"My interest is in the development of the Northeast. Civil infrastructure interests me the most as it is essential to any development project," Pori Saikia Eapen, a resident of New York, said.

Of all the investment opportunities, Real Estate is going to be the hot favourite, said MR Abhijit Barooah, Chairman of the CII's Assam council. Seeing the real estate boom in Guwahati, the articipants have shown interest in low-cost housing and multiplexes. Brand consciousness has caught up with the city's youth and high street retailing is flourishing in the region.

While Robert Beneth is aiming at providing housing at an affordable rate, Lee Harris finds people of the Northeast quite interesting. The event would also provide the NRIs with an opportunity to renew ties with their people, Barooah said.

"They have resources, knowledge and network and it is high time that we utilise it."
The managing director of Trend Hotels, Austria, Yasobanta Mahanta, said he was keen on the tourism sector which has a "tremendous potential."

"Development of tourism depends on skilled manpower. The safety of tourists is also another aspect that should not be neglected," he said.



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