Inviting corporates to invest in Nagaland, minister for Planning and Coordination, Land Revenue and Parliamentary Affairs Neiba Kronu said that Nagaland has many natural resources, which are yet to be explored and lying underground.

While addressing the closing session of the Corporate Social Responsibility (CSR) and Investment Conclave on August 23, Kronu said Nagaland has fertile soil and can grow everything.

"There is huge scope as all the resources in the state, including mineral resources, petroleum and gold, are unexplored. All these resources are unexplored and lying underground," he said.

He also thanked the corporates for coming forward for the development of the state.

"There is huge scope as all the resources in the state, including mineral resources, petroleum and gold, are unexplored. All these resources are unexplored and lying underground," he added.

The conclave was organised by the Investment and Development Authority of Nagaland (IDAN).

On the day of the inauguration, Sitharaman launched 52 CSR projects, while on Tuesday she released loans of 11 major schemes amounting to Rs. 205 crore to more than 3,000 beneficiaries.

Kronu further informed that his government is formulating new land laws as the landholding system in the state was different from other parts of the country.

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