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PM Modi to Launch Ashtalakshmi Mahotsav 2024

Why in the news?

Prime Minister Narendra Modi will inaugurate the Ashtalakshmi Mahotsav 2024, celebrating the culture, crafts, and economic potential of eight northeastern states, with initiatives to boost connectivity, business, and sustainable growth in the region.

About the Inauguration of Ashtalakshmi Mahotsav 2024:

• Prime Minister Narendra Modi will inaugurate the three-day Ashtalakshmi Mahotsav 2024 on December 6 at Bharat Mandapam, New Delhi.
• The event highlights the cultural, social, and economic fabric of eight northeastern states—Assam, Arunachal Pradesh, Meghalaya, Manipur, Nagaland, Mizoram, Tripura, and Sikkim.
• Known as the “Ashtalakshmi,” these states are considered symbols of prosperity and are central to India’s growth vision.

Key Objectives and Features:

• The festival will showcase the region’s textiles, artisanal crafts, and GI products, fostering business relationships and generating sales.
• Investors will meet with government officials and entrepreneurs to explore opportunities in textiles, agriculture, handicrafts, and tourism.
• A special fashion show will blend traditional textiles like Muga and Eri silk with contemporary design, featuring works by top regional designers.
• Daily cultural performances will include Assam’s Bihu dance and other traditional art forms, celebrating the region’s heritage.

Developmental Initiatives and Vision:

• Union Minister Jyotiraditya Scindia emphasized the northeast’s role as an engine of India’s growth, aligning with PM Modi’s vision.
• Five task forces have been established to enhance value chains for local products like bamboo and rubber, maximizing farmers’ and artisans’ economic potential.
• Upcoming initiatives include a bankers’ summit to improve credit access and infrastructure projects to enhance connectivity through mega bridges and expanded rail, road, and air networks.

Sources Referred:

PIB, The Hindu, Indian Express, Hindustan Times