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Prospects of Agriculture and Allied Entrepreneurship Development in North-East India

Daya Ram, M.K. Singh and Angad Prasad

Abstract

The North East of India comprising of the 8 states of Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura and Sikkim, is a reservoir of rich natural resources and a beautiful amalgamation of different people and cultures. Blessed with biodiversity, huge hydro-energy potential, oil and gas, coal, limestone, forest wealth, fruits and vegetables, flowers, herbs and aromatic plants, rare and rich flora and fauna, NE India has all the potential to transform into a commercial hub and tourist paradise. North East India has an added demographic advantage, in the sense that it occupies 7.8 per cent of the country’s total land space but has a population of 3.8 crore, which makes it approximately 3.73 per cent of the country’s population. This is also a huge untapped, emerging market, which should prove to be of interest to large domestic and international investors. The area is a vibrant source of energy rich in oil, natural gas, coal, limestone and India’s largest perennial water system, the River Brahmaputra and its tributaries, which can be tapped for energy, irrigation and transportation. The fertile soil around the valley of the River Brahmaputra is a veritable storehouse of horticultural products/plantation crops/vegetables/spices and rare forest products, to create entrepreneurial awareness to the young generation and motivate them to establish small and medium enterprises, to trained up the prospective new and young entrepreneurs to maintain and run their enterprises successfully, to enabling the entrepreneurs about the global production and market strategy in context of market economy, to encourage the entrepreneurs to establish pollution free enterprises. Entrepreneurship promotes capital formation by mobilizing the idle saving of the public. It provides immediate large-scale employment. Thus it helps to reduce the unemployment problem in the country, i.e., the root of all socioeconomic problems. Entrepreneurship promotes balanced regional development. Entrepreneurship helps reduce the concentration of economic power. It stimulates the equitable redistribution of wealth, income and even political power in the interest of the country. It encourages effective resource mobilization of capital and skill which might otherwise remain unutilized and idle. It also induces backward and forward linkages which stimulates the process of economic development in the country. Entrepreneurship also promotes the country’s export trade, which is an important ingredient to economic development

Keyword: Hydro-energy potential; L

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Archive Content | Society of Extension Eucation, Agra
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