IFCI to give boost to Nagaland tourism

The IFCI, nodal agent for tourism sector for the North Eastern region, has promoted Tourism Finance Corporation of India Ltd (IFCI). Now IFCI’s operations’ thrust area is the tourism development in Nagaland along with IFCI. IFCI, its subsidiary and associates would continue to play a major role in the development of Nagaland State and the socio-economic uplift of its people.

One positive factor for the region is that the rate of growth per capita income is higher than the all-India average growth rate, the organisation pointed out. Mentionably, IFCI Ltd, (formerly known as The Industrial Finance Corporation of India Limited) is the first development financial institution set up as a “Statutory Corporation” in 1919 to encourage and assist industrial development in India to ensure greater flexibility to respond to the changing needs of the financial system.