Modi-Led Union Cabinet Greenlights UNNATI 2024: A Paradigm Shift for Northeast’s Industrial Growth
Desk Report, March 07, 2024: In a groundbreaking move, the Union Cabinet, under the leadership of Prime Minister Narendra Modi, has greenlit the Uttar Poorva Transformative Industrialisation Scheme, 2024 (UNNATI 2024). This visionary initiative aims to propel the Northeast into a hub of economic growth and employment opportunities.
Sarbananda Sonowal, the Union Minister of Ports, Shipping & Waterways and Ayush, expressed enthusiasm, stating, “UNNATI 2024 is a game-changer by PM Modi, set to drive the development of new industries in the Northeast.” The scheme aligns seamlessly with Modi’s vision for the region as a powerhouse of India’s economic growth.
With a hefty financial allocation exceeding ₹10,000 crores, the Northeast becomes an attractive destination for manufacturing companies to establish their operations. This significant investment is poised to be a catalyst for the emergence of newer industries, offering a massive potential for job creation in the region.
Modi’s unwavering commitment to bolster the ‘Act East policy’ through UNNATI 2024 is not just about regional growth; it’s a strategic move with far-reaching implications. The initiative is anticipated to act as a multiplier effect, propelling not only the Northeast’s growth but also enhancing trade and commerce between India and Southeast Asia.
In essence, UNNATI 2024 is set to redefine the economic landscape of the Northeast, turning it into a thriving center of industrialization and economic prosperity under the dynamic leadership of Prime Minister Narendra Modi.
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