Hotline: 1800 102 2007
X
Search Business Opportunities
2013-06-17

Manipur entrepreneurs demand revival of industrial sector

Manipur’s state level entrepreneurs’ body, the All Manipur Entrepreneurs’ Association (AMEA) has asked the Government to look into the areas hindering the industrial growth in the state. The body has urged the government to revive the defunct Manipur Indu

Manipur’s state level entrepreneurs’ body, the All Manipur Entrepreneurs’ Association (AMEA) has asked the Government to look into the areas hindering the industrial growth in the state. The body has urged the government to revive the defunct Manipur Industrial Development Corporation (MANIDCO), the state finance corporation, for industrial growth in Manipur.

S Rishikumar, President, AMEA told media persons that Manipur has seen little industrialisation even though it has been more than 60 years since India achieved independence.

Industrial sector has remained neglected due to lack of clear cut industrial policy, keeping MANIDCO defunct for more than 20 years and absence of adequate infrastructural agencies.

“Despite all their potential, majority of the youth are unable to create any impact on the industrial scenario of Manipur, added Rishikumar.

Though the people of Manipur have shown great passion to start their own small and micro enterprises, but it has been over 2 decades since MANIDCO stopped financing to aspiring entrepreneurs because it owed Rs 5 crores to Small Industrial Development Bank of India and another Rs 2.95 crores to IDBI.

Rishikumar further said that if some of these amounts indebted to MANIDCO are paid back by the Government of Manipur, many people would certainly apply to MANIDCO for loans.

He also stated the need for setting up industrial estates in all districts of Manipur while welcoming the Government of India’s approval for setting up two industrial estates in Thoubal and Bishnupur districts apart from the existing Takyel Industrial Estate.

“AMEA would be submitting a memorandum to the Chief Minister and the Industries Minister highlighting the industrial scenario of Manipur and possible measures which can kick-start industrial growth in the State,” said Rishikumar.

Related opportunities
  • Car wash / Ceramic Coating / Detailing
    About us: Manmachine group is a 32 yrs old company, pioneer..
    Locations looking for expansion Uttar Pardesh
    Establishment year 1987
    Franchising Launch Date 2016
    Investment size Rs. 30lac - 50lac
    Space required 1500 - 2000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Noida City Uttar Pardesh
  • Quick Service Restaurants
    About: Drifters Café started out of love for travelling. Strive to..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Ice creams & Yogurt Parlors
    About Us: FRIENDLY OPPORTUNITY FOR ENTREPRENEURS Low Cost of Capital Minimum Operational Expenses..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 25
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us: 95 Pasta &Pizza, striving to create a brand with..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts