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Rs 2,100-crore pacts signed at Magnetic Mizoram Investors’ Summit

AIZAWL, April 28: The first ever global business convention – Magnetic Mizoram Investors’ Summit— organized by the Mizoram Government and its State partners Innovations India was held recently in the State, which garnered immense response from investors.

 Pacts worth Rs 2,100 crores were signed in the Solar Energy and Hospitality sectors. Speaking at the closing ceremony of the two-day summit, Chief Minister Lal Thanhawla said, “The signing of Rs 2,100 crore pacts between the State government and private companies for investments in Mizoram is an indication of the success of the summit.” 
Rs 600 crore projects for generating solar energy was signed between the Mizoram Government and Sungevity Enterprises, while Rs 1,500 crore multi-faceted hospitality project for the creation of a tourism destination and entertainment zone in Mizoram was signed between the Mizoram Government and Hospitality Doctor.  
While expressing hope that both the State government and investors would benefit from the summit, Lal Thanhawla said Mizoram is walking towards the path of development and measures are being taken to improve connectivity in the State to attract more investors.
He further stated that Mizoram would soon become an ideal place for investment as it would be a gateway and hub for border trade between India and South-Asian countries. He also thanked all the delegates from different parts of India and abroad who attended the two-day summit in Aizawl.
The two-day Magnetic Mizoram Investors’ Summit held at the picturesque Tourist Complex Convention Centre at Berawtlang on the outskirts of Aizawl was supported by State Bank of India, Airtel, NDTV Goodtimes, INDIA POST, ICFAI University, Leading Edge Adventures, IIM Kolkata, US India Strategic Partnership Forum. The summit was attended by around 1,000 people comprising investors and industry leaders from India and abroad, diplomats, Senior policy makers, leaders from the corporate world, heads of international institutions, policy makers, academicians and local entrepreneurs. 
The summit also marked the presence of Home Minister  R Lalzirliana, Finance Minister Lal Sawta, Industry & Commerce Minister H Rohluna, among others.
CEO of Magnetic Mizoram Investors Summit Captain Rahul Bali said, “It’s heartening to see the overwhelming response and participation at this ambitious endeavor of ours. The convergence of so many industry leaders from across the business world testifies that Mizoram is the new hub for business and investments. The summit has provided us with a strong impetus on our way to development”. This was stated in a press release.