Guwahati: Foreign direct investment in Nagaland has never been imagined but that is history now because the state has got its first foreign direct investment procured by a local digital education company.
NagaEd, a locally-based digital education company, has recently got foreign direct investment from companies in Australia and Singapore as well as domestically. To date, only a handful of companies in the North-East have made this achievement.
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.
“Digital education is not a question of if but when. 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 added that the funds are being utilised for teacher training and development, community advocacy, technology research and development.
NagaEd is also involved in national and international programmes that help build and scale start-ups such as the Alsisar Impact Incubation programme, Amazon Web Services (AWS) Ed-Start Accelerator and IAspire-India Accelerator’s first all-women technology accelerator programme.
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 education 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 in 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 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.
Leneno Y Disong, The Vineyard Principal, says their teachers are trained in digital skills and have moved beyond Whatsapp, Google Classroom & Zoom.
“The NagaEd platform is enabling them to use a lot of tools to enhance the teaching-learning process,” Disong added.
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