INVESTMENT POTENTIAL

Mizoram has a rich reserve of resources which can be of great use for setting up various industrial units in the State. The abundant availability of bamboo and a variety of horticultural crops can be a source of numerous advantages for the investors. Being the second most literate State, it has the capacity of becoming most IT literate State in the country. In addition, it’s beautiful landscape and rich cultural heritage makes it an attractive tourist destination. Thus, there exist investment opportunities in several sectors of the State.

Power and Energy

Tuirial H.E. Project is envisaged as a medium head storage scheme with an installed capacity of 60 MW (2 x 30 MW). The Project develops the lowest possible stage of Tuirial river system and is located in the Aizawl district of Mizoram adjoining Cachar district of Assam. The annual energy generation from the Project is estimated to be 250.63 Million Units in a 90 percent dependable year.

Status of Power Generation

Generation for the Month of July 2018 21.72 MU
Generation during Apr 2017 till Mar 2018 78.37 MU

Agro-horticulture

Agriculture is the mainstay of the people of Mizoram with about 80% of the total population engaged in it. The main pattern of agriculture followed is jhum or shifting cultivation. The climatic condition of the state and its location in tropic and temperate zone have contributed to the occurrence of a wide spectrum of rich and varied flora and fauna. It offers opportunities for growing a variety of horticultural crops:- fruit crops like Mandarin Orange, Banana, Passion Fruit, Grapes, Hatkora, Pineapple, Papaya, etc.; flowers like Anthurium, Bird of Paradise, Orchid, Chrysanthemum, Rose,etc; and spices like Ginger, Turmeric, Black Pepper and Bird's eye Chillies. People have also started extensive cultivation of oil palm, medicinal and aromatic plants. All agri-horticultural output of Mizoram is of very high-value in national and international markets.

Handloom and Textile

During 2015-16, handloom production in Mizoram was $945,000 which indicates to wide spectrum of investment potential in handloom and textile industry of Mizoram.

Fisheries

Mizoram has 24,000 ha of potential area for fish farming. About 4,790 ha of the potential area for fisheries have been utilized as of 2015-16.

Bamboo

Mizoram has an abundant reserve of bamboo forest covering 12,54,400 ha and contributing 14% of the all India bamboo distribution. It has 20 bamboo species, of which Melocanna baccifera (Mautak) is predominant and occupies 95% of the bamboo afforested land in the State. Bamboo is widely used in the state:-

1. To irrigate vast tracts of agricultural land

2. To make dams, dikes, sluice gates, farm implements, props, stakes, floats fish trap, silk cocoon trays, chicken coops, windbreak barriers and other such articles

3. To construct pillars, posts, stilts, rafters, roofs, floors, walls, etc as an ideal material for earthquake resistant and emergency housing

4. In handicrafts, furnitures, handmade papers, handlooms, curtains, toothpicks, chopsticks, incense sticks, etc.

5. To make paper pulp, rayon, charcoal, etc.

The State Government invites investors for setting up of industrial units in all the above areas, either in Joint Venture with Mizoram Bamboo Development Agency or with other local entrepreneurs.

Information Technology

Mizoram recognizes IT as the fastest and the most advanced vehicle of change for all-round progress and development of the State. Accordingly, it advocates widespread proliferation of IT in the State through a well-defined policy framework for promotion of IT in the fields of e-governance; empowerment of the people and the society; education; industry; health; rural development; agriculture; tourism, etc. This will enable Mizoram to achieve the goal of becoming a strong and prosperous state.

Tourism

Mizoram, with its abundant scenic beauty and a soothing climate, has a tremendous scope for developing tourism related industries. The investment avenues in its tourism sector include:-

1. Creation of facilities for adventure and wildlife, eco tourism, amusement parks and other entertainment units, health farms, etc.

2. Hotels and lodges.

3. Travel agencies, tour operators and tourist transport services.

The Department of Tourism has also opened tourist lodges at Aizawl, Lunglei, Champhai, Saiha, Lawngtlai; wayside restaurants at Thingdawl, Hnahthial, Kawlkulh; recreational centre at Beraw Tlang; and Alpine Picnic Hut at District Park near Zobawk.

Food Processing

Mizoram offers diverse set of investment opportunities in the food processing sector.

Potential projects for investment in food processing are listed below:

Project name Process able products/infrastructure Value proposition
Establishment of food processing unit Pulp, squash/juices, jam & jellies, pickles, etc.
The project is essential as the state government is trying to make use of the availability of raw material and need for controlling wastage through processing. As the production increases there will be need for processing
facilities and FPU is one of the basic processes required.
Medicinal herbs extraction unit Herbs & Spices Large raw material base of ginger & turmeric has created an opportunity for value chain of these products.

 

Investor Facilitation Initiatives

1. Time Bound Service Delivery: Legislation has been implemented to ensure time bound delivery of services to deter officials from not complying with the defined timelines for services being provided to Industries/ Businesses.

2. Grievance Redressal: Clear mechanisms defining clear procedures for applicants to submit grievances relating to non-compliance with the defined timelines.

3. Commercial Courts: Special bench under the High Court for commercial cases with clear procedures and defined timelines for all key court events.

4. Online Filing: Online system for filing of EM Part I and Part II under The Micro, Small and Medium Enterprises Development Act, 2006.