Nagaland enters FDI through NagaEd

Guwahati: Could you have ever thought of in your wildest dreams of Nagaland getting foreign direct investment.

No more dreaming as this has now become a reality with companies from Australia and Singapore have invested in NagaEd a local digital company of Nagaland. 

Kevisato Sanyü, Founder, NagaEd says- “NagaEd is demonstrating North-East companies are investment-ready with robust business models and the growth potential international investors are looking for.

"Our breakthrough in overcoming stringent compliance and regulatory requirements set by the Reserve Bank of India (RBI) is creating a clearing for other North-East companies to pursue global investment opportunities” he says.

" Students today have a great opportunity to leapfrog into the 4th industrial revolution. We are preparing the next generation for the future of work by bringing the world’s best technology and practices into their classrooms today" he said.

He said the funds are being utilised for teacher training and development, community advocacy, technology research and development.  

NagaEd is also involved in national and international programs that help build and scale start-ups such as the Alsisar Impact Incubation program, Amazon Web Services (AWS) Ed-Start Accelerator and IAspire-India Accelerator’s first all-women technology accelerator program.

NagaEd, founded by Kevisato Sanyü and Shiroi Lily Shaiza, seeks to uplift education quality in tribal and indigenous communities by delivering teacher training courses and implementing digital learning management systems into local schools.

Alemtemshi Jamir, CEO, Investment & Development Authority of Nagaland (IDAN) says- "NagaEd has pulled off a surprise by being the first to bring in FDI into Nagaland. This bunch of young people are indeed dynamic and enterprising.

"Apart from their novel intrusion into the area of eeducation in the State - that strives to synergize the systems of education with the “New Normal” using the digital mode – they have brought in foreign funds into Nagaland, in the form of Foreign Direct Investment. For a resource-starved state like Nagaland, this is music to the ears and heralds a new beginning for the youth" Jamir says.

Laldinkima Sailo, Singapore based public policy and international affairs advisor says the  arrival of foreign investors into Nagaland and the Northeast signals a new chapter for the region and a testament to the changed situation on the ground.

"Foreign investments are sorely needed for the region where investment capital is scarce. Their expectation on returns can give a focus on creating efficiencies and give a boost to the startup and business ecosystem” Sailo says.

ALSiSAR Impact, a frontier market incubation and impact advisory entity has been instrumental in NagaEd’s growth journey and facilitating investment in the North-East Region.

Anuj Sharma, Founder & CEO, Alsisar Impact says : “We wanted to build a new model for the entrepreneurs from the region so that they could derive inspiration from the extraordinary and indomitable entrepreneurial spirit that NagaEd founders Shiroi & Kevisato bring.

"This groundbreaking FDI also allows local people to believe that they can in fact lead a sustainable venture, and raise capital from the global investment community" he said.