The Northeast is set to become a hub of innovation and entrepreneurship with the launch of 30 Entrepreneurship Development Centres (EDCs) and four Incubation Centres at the Northeast Skill Development and Entrepreneurship Conclave 2024. Spearheaded by Minister Jayant Chaudhary, this initiative aims to nurture 900 startups, with a focus on regional skill development and economic sustainability.
Held at IIM Shillong, the event brought together leaders and experts from the region to discuss how to align traditional craftsmanship, such as bamboo and woodwork, with emerging market trends. Chaudhary emphasized the importance of regional cooperation under the “Act First for Northeast” policy, stating that the region’s double-digit growth will significantly contribute to India’s ambitious $5 trillion economy goal.
For the Guwahati, this initiative is a game changer. As the economic gateway to the Northeast, Guwahati will see enhanced entrepreneurial activity, with startups benefiting from the incubation programs and mentorship opportunities. The city’s strategic position will make it a crucial player in driving regional economic transformation.
