The correct answer is: b) Pharmaceuticals
Mizoram has a number of advantages that make it an ideal location for the development of a pharmaceutical industry. These include a large, young population with a high demand for healthcare services, a well-educated workforce, and a favorable investment climate. The state also has a number of natural resources that are essential for the production of pharmaceuticals, such as water, land, and minerals.
The pharmaceutical industry is a major driver of economic growth in many countries around the world. It is a high-value-added industry that creates jobs and generates tax revenue. The industry is also a major source of innovation, as companies are constantly developing new drugs and treatments.
The development of a pharmaceutical industry in Mizoram would have a number of benefits for the state. It would create jobs, generate tax revenue, and attract foreign investment. It would also improve the quality of life for the people of Mizoram by providing access to affordable healthcare.
The development of a pharmaceutical industry in Mizoram would face a number of challenges. These include the lack of infrastructure, the high cost of doing business, and the lack of skilled workers. However, the potential benefits of the industry outweigh the challenges. With the right support from the government and the private sector, the pharmaceutical industry can become a major driver of economic growth in Mizoram.
Here is a brief explanation of each option:
- a) Electronics assembly – Electronics assembly is a labor-intensive industry that requires a large workforce. Mizoram does not have a large enough workforce to support a large-scale electronics assembly industry.
- b) Pharmaceuticals – The pharmaceutical industry is a high-value-added industry that requires a skilled workforce. Mizoram has a well-educated workforce that is well-suited for the pharmaceutical industry.
- c) Food Processing – The food processing industry is a mature industry that is not growing rapidly. Mizoram would be better off focusing on developing industries that have more growth potential.
- d) Automobile parts – The automobile parts industry is a capital-intensive industry that requires a large investment. Mizoram does not have the resources to support a large-scale automobile parts industry.