Finance Minister to attend Bankers Conclave in Nagaland

Nirmala Sitharaman, the union finance minister is expected to visit a banker’s conclave as well as a state-run higher secondary school to meet with students; officials informed Ms. Sitharaman, who has embarked a three-day tour of the northeastern state, is also scheduled to see the remote Mon district on Tuesday to initiate the branch of a private bank. The minister had on Monday initiated 52 projects to be sponsored by several companies in the state of Nagaland as a form of Corporate Social Responsibility (CSR).Most of the projects are connected to health, education and skill and entrepreneurship development sectors, officials revealed. Ms. Sitharaman introduced the projects between the inaugural ceremony of the three-day tour and Investment Conclave which had more than 100 corporate delegates and investors taking part. Deploring that the state has not been getting enough CSR investments, she said the northeastern state should be a natural option for companies and industries. She also proposed that the state government should take an upper hand on NITI Aayog’s Atal Innovation Mission Projects to arrange science labs and innovation hubs for students. She also called for convenient branding of Nagaland products. On Wednesday, Ms. Sitharaman will speak to Nagaland business community at Chumoukedima district and travel Heirloom Naga, a weaving Centre, in Sovima village before leaving for New Delhi.

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