Nirmala Sitharaman

Finance minister Nirmala Sitharaman will be on a three-day visit to Nagaland from August 22 to 24 to attend the Nagaland CSR and Investment Conclave.

Addressing a press conference in Kohima on August 18, Nagaland Investment and Development Authority of Nagaland (IDAN) chief executive officer Alemtemshi Jamir highlighted the importance of the visit. Jamir said it would attract a good number of corporate, investors and bankers to the state and pave the way for economic opportunities to boom.

He said the finance minister will also be visiting Mon during her visit to Nagaland. She will meet the business community and women entrepreneurs, Jamir informed.

He said that more than 100 corporate and investors from various parts of the country have confirmed their participation in the conclave and expected to extend CSR funding up to Rs 160 crore in Nagaland.

Jamir said the conclave would be an open field and was just the beginning to a whole new world of opportunities that would open up for entrepreneurs who were willing to venture out.

He said IDAN was only opening the door and bridging the gap between investors and entrepreneurs. He informed that any CSO could apply for the CSRs provided they were eligible and met all the criteria.

The conclave is open to NGOs of the state which have fulfilled the requirements of being registered under corporate law and have been functioning for 2-3 years implementing CSR projects.

He said that IDAN has opened the door and the conclave will not be an end for future CSR projects but it is only a beginning.

The inaugural programme will take place at NBCC Convention Centre in Kohima on August 22, while a banker’s meet has been scheduled on August 23 at Capital Cultural Hall in Kohima and an investor’s meeting will take place at the IT Directorate on August 24, he said.

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