Explanation:

Joint Development Corridor/Zone:

=> Promote industrial activities along.

=> Multimodal transportation services.

=> Financial services like Banks, Insurance companies etc.

Benefits:

=> The economic potential of the region can be unlocked which so far has been constrained due to the border dispute.

Possible benefits:

1. Create jobs.

2. Market for local organic vegetables and fruits

• The region is rich in organic vegetables and fruits, many of which do not have access to supply chains or even nearby large markets.
• Multimodal transportation will unlock their potential.

3. Impetus to Act East Policy

• NE India is gateway of India for implementing Act East Policy.

4. Increased trade with border countries like Bhutan and Bangladesh.

5. Political stability in the region.

=> Joint Development Corridor/Zone cannot be done in notified forest areas. But it could be considered in the non-forested areas where disputes exist.