Photo Courtesy: nagalandpost
Kohima: Nagaland must stop relying on central government funds. On July 13, industry leaders gathered at Hotel Vivor in Kohima for an Exclusive MSME Outreach Programme. The event, hosted by the Kohima Chamber of Commerce and Industry in partnership with Canara Bank and Rhaeven Capital, aimed to reset the state's economic focus.
Khrietuo Yhome, CEO of Rhaeven Capital, warned that an economy propped up by government salaries breeds corruption and nepotism. It creates a culture of dependence. He told attendees that real progress requires a shift toward active entrepreneurship. As Yhome put it, "If we genuinely aspire to build a resilient, self-reliant and a prosperous Nagaland, entrepreneurship is not an option, but it is the way forward."
The event highlighted the massive potential of Micro, Small, and Medium Enterprises. Santanu Saha, AGM of Canara Bank, noted that the sector accounts for over 30 percent of the national GDP and nearly 50 percent of exports. He promised that Canara Bank would partner with local businesses to tap into the region's unused potential.
Participants must stop chasing government job security. They need to become producers, not consumers. Presentations included briefings from the Investment and Development Authority of Nagaland, the Department of Labour, EPFO, the National Skill Development Corporation, the Department of Industries and Commerce, the Taxes Department, the Kohima Municipal Council, and chartered accountant Saurav Agarwal. Robin Temsu of City Church led the invocation, and Martin Longkumer of the Kohima Chamber of Commerce and Industry closed the event.
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