If someone willing to spend much money that BCCI was asking then surely a team can takes place from the region you are talking about but do they have anyone like rich individual or famous actor who can afford or who did with the local tournaments like that.
LOL.. we don't have any billionaires in the northeast. The richest person is Badruddin Ajmal, who has net worth of around ₹2,000 crores ($270 million). Previously only Assam and Tripura were represented in the Ranji trophy from our region. After the Lodha reforms, other states were also allowed to field their own teams. But if they want IPL to be a truly pan-Indian league, then they should allow one team from this region. After all, even for the other franchises a majority of the players are not locals.