Manipur hosted the first- ever North East Development Summit (NEDS) 2017 in Imphal. NEDS 2017 was jointly organized by Manipur State Government in collaboration with Union Commerce Ministry and India Foundation. The main objective of this summit was to showcase the economic potential and to attract investments in food processing, bamboo industry, real estate and other businesses within the state. During the course of this Summit, around 20 Memorandum of Understandings (MoUs) were signed between various Departments of Manipur State Government and National and International Companies/ Investors.