Saturday, October 06, 2007


Gangtok Oct. 6: For Dr.Pawan Chamling , an investment hunt abroad is not as much about coming back with a bagful of proposals as about “being noticed”, although he seems to have achieved both in New York.
The Sikkim chief minister has returned with few investment proposals from companies and individuals in sectors ranging from tourism and floriculture to education and casino, but what excites him more is the state being noticed as a potential investment destination.
Dr. Chamling was in the US for the North East India Investment Conference, part of the Incredible India@60 roadshow there. It was organised by the ministry of development of the northeastern region in collaboration with the Indian Chamber of Commerce. Confident but careful not to fuel expectations, Sikkim CM said today that the response in New York was “very positive” but it would take some time for the proposals to be translated into action.
“The companies will do studies and address certain concerns. The quantum of investment is not as important as the fact that companies now know about Sikkim. That gives me hope. Even the reports I have about the summit being held in Bangkok are very encouraging,” he said.
A ten-member official team led by Agriculture Minister Somnath Poudyal from Sikkim attended a four-day investment summit in Bangkok this week. He also Shared details about the proposals he received during and after the New York conference.

Dr. Chamling said his interactions with potential investors during previous visits to the Europe and Far East came in handy.

Dr. Chamling arrived to Sikkim via Calcutta after a long and weary tour of US and headed to hometown Namchi to assess situation of scheduled rural elections or Panchayat elections being held on October 26 .