According to the statement, The initiative aims to support the areas of business management, training, and consultancy activities, business development and sustainable livelihood promotion, entrepreneurship and skill development of the students, business incubation centres, promotion of entrepreneurship, faculty development and training and joint research in the field of management science, social science and humanities in a mutually beneficial manner.

Prof. D.P. Goyal, Director, IIM Shillong said, “IIM Shillong has a major role to play in the development of the north-eastern region. The environment of entrepreneurship is very enabling. The development of the northeast is a goal of our three centres, CeDNER, Kalam, and incubation. We support young people in the northeast in the creation and marketing of enterprises. India has produced many successful entrepreneurs. It is crucial to build the most vital component, which is people, for the development of the entrepreneurial ecosystem. Youth must be assisted in increasing productivity. People need to be made more aware.”

He further stated, “The MOU will affect Manipur’s landscape. Our goal is to assist the people of Manipur. We will help them develop and put those ideas into action by identifying ideas. Through guidance and handholding, we will assist the incubator.”