Prime Minister Narendra Modi, addressing the inaugural session of the Rising North East Summit at Bharat Mandapam in New Delhi, said the Northeast is fast emerging as a key destination for two strategic sectors—energy and semiconductors.

 

He highlighted the government’s major thrust on infrastructure and green energy in the region, noting that significant investments have already been approved for hydropower and solar projects across all eight Northeastern states. “Several thousand crore worth of projects have been sanctioned, marking a new chapter in the region’s development journey,” he said.

 

The Prime Minister further underlined the potential of the region beyond just power generation. He pointed to new avenues in the manufacturing of solar modules, cells, energy storage systems, and research and development. He emphasized that boosting self-sufficiency in these sectors would help India reduce its dependence on foreign imports.

 

Speaking on the semiconductor sector, the Prime Minister said Assam is playing an increasingly vital role in strengthening India’s chip-making ecosystem. He announced that the first “Made in India” semiconductor chip from a Northeast-based plant will soon be launched. “This is a historic milestone that opens new opportunities for high-end technology and places the Northeast on the map of India’s high-tech industrial growth,” he added.

 

He said, “The Rising Northeast is not just an investors’ summit—it is a movement. It is a call to action. India’s future will rise even higher through the prosperity of the Northeast.”

 

Expressing confidence in the business leaders present at the summit, he urged them to join hands in driving the region’s development forward. He also reiterated his government’s commitment to transforming the Northeast, referred to as “Ashtalakshmi,” into a driving force behind the vision of a Viksit Bharat (Developed India).