Home Minister Bamang Felix last Thursday conducted a meeting with the representatives of various corporate giants and exhorted them to invest in Arunachal Pradesh. Corporate investment both from public and private sectors is of vital importance for any state and for Arunachal it hardly needs any retelling that there is an acute need for some solid investments immediately.

Attracting corporate investment is something that has become a major goal of any state government and wooing investors in the most convincing ways has reached the level of a cut-throat competition that reminds the toughest competitive entrance exams of the likes of CAT & IAS. Best Investment Destination, Single Window Hassle-Free Proceedings, Ease of Doing Business, Long Term Tax Holidays etc are the catchwords that can be found in repetitive successions in glossy brochures of any state investment guide. Then there are respective state investment portals, annual investment meets and so on to showcase the bouquet of industry-friendly initiatives, all in professional wrappers. As a whole it can be said that for achieving the sustained economic goals which necessarily envisages  employment generation, increasing purchasing power and building capital assets, it has now almost become obligatory for any state to chase investments and project itself as a more investment-friendly haven than its immediate competitor(s). This has been the singular policy of almost all states and post 1991 liberalization, its vigorous implementation has always been a premier task and when measured in the light of electoral politics too, its value is appreciating. It is no wonder that achievements in corporate investment and related future plans do form an important chapter of the election manifestos of any political party in state elections.

For breaking Arunachal’s long hiatus of meagre or zero-investment spanning decades, these interactions with corporate bigwigs are necessary, not just on a once in a while basis but in a routine manner so as to keep the tempo of persuasion alive. But most importantly, the reasons that are the potential causes of discouragement to the investors must be addressed first. The roads need to be made conveniently communicable, if not silky smooth with due attention to internet connectivity both in terms of quality and coverage along with assurance of uninterrupted power supply. These are the fundamentals and if mitigated appropriately within a short time, by the laws of market economics itself, all developmental activities will gather the desired pace automatically.

With considerable time lost, all infrastructure projects including the airport, thus must meet the respective completion deadlines. Having completed this ‘homework’, it will be much easier to woo the corporate world then. The dream for an investment-friendly Arunachal is achievable only on the condition that the ‘realities’ are faced with determination of overcoming them.

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Kenter Joya Riba

(Managing Editor)
      She is a graduate in Science with post graduation in Sociology from University of Pune. She has been in the media industry for nearly a decade. Before turning to print business, she has been associated with radio and television.
Email: kenterjoyaz@easternsentinel.in / editoreasternsentinel@gmail.com
Phone: 0360-2212313

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