The policy will give Mizoram's agricultural produce and traditional products entry to such markets, as well as strengthen information technology and Internet connectivity in the state, Kovind said at a special session of the Assembly.
The president said this process would have a multiplier effect across a range of industries.
"Once we create this infrastructure, we can simply leave it to the entrepreneurship, the energy and the genius of the young people of this state to capitalise on it," he said.
Mizoram's geography can be its biggest asset, and the government is working to ensure that, he said.
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The president said Mizoram is "special" as it stands out for a very mature and dignified political culture.
Kovind, on his maiden visit to the state, said the Mizoram Assembly is a "role model for our democracy" and how a legislative House should function.
"In its 45-year history, it (Assembly) has established a reputation for smooth conduct of business. The behaviour and participation of its members of all of you, I should say
Kovind also lauded the Mizo Accord of 1986, which he said is still held as a shining example all over the world.
Describing the accord as a miracle, he said, "It ended an insurgency situation and a conflict that had divided our country and Mizo society itself.