North East has huge potential for start ups, says DoNER minister

New Delhi, March 30 (IANS) Union Minister Jeetendra Singh on Wednesday said the North East has huge potential for start ups and that venture funds and other facilities can be provided for the start ups.   "In years to come, North East will become the destination for young start ups," he said, addressing a seminar on sub-regional cooperation between India, Myanmar and Bangladesh.   Singh, minister for Development of North Eastern Region (DoNER), said that "For India’s “Act East” policy to be effective, we first need to act for the development of North Eastern region along the international borders.  

“The areas along international borders should be developed for the overall development of the region,” he said.   He said that India is on the threshold of becoming a superpower and for that there should be full realisation of youth power and equitable growth of all the regions in the country.   The daylong event saw discussions on topics like economic cooperation in the sub region, trends and patterns of trade between India, Myanmar and Bangladesh, economic cooperation through connectivity and FDI.