State govt committed to fostering investment-friendly atmosphere: Dr Himanta Biswa Sarma, Chief Minister, Assam; Rs650 Bn invested in Assam post 2014
CM Dr. Himanta Biswa Sarma emphasized that the Assam government is dedicated to providing a customized approach for every investor.
FinTech BizNews Service
MUMBAI, 6 January 2025: The Assam Industrial Development Corporation Ltd (AIDC), jointly with FICCI, as industry partner, today organized a Roadshow to build momentum for the upcoming Advantage Assam 2.0 Investment and Infrastructure Summit, which is scheduled on February 25-26, 2025, in Guwahati.
The Roadshow was led by Dr Himanta Biswa Sarma, Chief Minister of Assam, along with senior officials from the Assam Government and prominent industry leaders. The event served as a strategic platform to highlight Assam’s unprecedented economic transformation and showcase the state’s investment potential across diverse sectors.
During the meetings, the Chief Minister along with the Assam delegation interacted with industry leaders from companies like Tata Group, Mahindra Group, Adani Group, Larsen & Toubro, D-Mart, Essar Group, Welspun Group, and Piramal Group.
Addressing the audience at the Roadshow, Dr Himanta Biswa Sarma emphasized on Assam's rapid transformation into a leading investment destination, underscoring the government's commitment to creating a business-friendly environment. "Assam is strategically located and within 3 hours flying time from Guwahati, industries can access 30 percent of world population across about 14 countries. Thus, making Assam an ideal hub for trade and cultural exchange. It is one of the most peaceful destinations in India, undergoing comprehensive development with a soaring GSDP,” he added.
The Chief Minister further discussed the state's focus on infrastructure development, noting, "Under the leadership of the Hon'ble Prime Minister Shri Narendra Modi, Assam has experienced rapid infrastructural growth post-2014, with investments exceeding Rs 65,000 crore in sectors such as roads, railways, and digital connectivity." He expressed his ambition for Assam to become a manufacturing hub, and said, "We are working with inspiration from PM Modi to make Assam a manufacturing hub in the years to come." He also acknowledged the role of Tata Group, saying, "We are thankful to Tata Group for demolishing the myth that significant investments cannot happen in Northeast India."
Dr. Sarma highlighted the state’s commitment to fostering an investment-friendly atmosphere, stressing that "Once investors come to Assam, they don’t want to leave." He emphasized that the government is dedicated to providing a customized approach for every investor. "We believe in transparency and investment-friendly policies, ensuring that all
levels of investment, big or small, are treated equally," he added. Furthermore, he mentioned that the state has created a unique investment policy, stating, "We’ve created a single-line investment policy that is customized to the needs of the industry. Every industry has different requirements, and we ensure that we meet them."
Dr. Sarma also spoke about the social transformation in Assam. "Assam is known for its egalitarian society, where no one is known by their caste but by being a good human being and we are strengthening these values to promote quality human capital ," he stated. He highlighted several social welfare initiatives, including scholarships for girls and free education for students from economically disadvantaged sections of society.
On the healthcare front, Dr. Sarma discussed Assam’s collaboration with Tata Trust to establish a world-class cancer care network. "With Tata Trust, we have created a model cancer care system in Assam. We have 50% contribution from Tata Trust and 50% from the state," he shared. He also emphasized the state’s focus on education, saying, "Assam is home to top-tier educational institutions, and we are bullish on healthcare with 23 medical colleges 13 inaugurated 10 under progress."
Dr. Sarma highlighted Assam's geographical importance, noting, "The Northeast is India’s gateway to Southeast Asia, and Assam’s strategic location will play a pivotal role in the country’s future growth. From Assam, we can easily reach Bihar, Bengal, Bhutan, Myanmar, Nepal, and Bangladesh, making it an important geography for the country."
He expressed his confidence in Assam's potential, stating, "We are bullish on Assam’s future and will aggressively push for industrialization. We believe that every industry deserves attention, and we will provide the right ecosystem to make that happen." He also mentioned Assam's commitment to flexibility in adapting policies, saying, "Our officers will work with you, and we have no hesitation in restructuring rules and regulations. We want laws to be facilitators, not obstacles for industries."
While inviting the investors to invest in the state, Dr Sarma said, “On 24th February, we invite you to join us for a grand event with 10,000 youth performing for the Hon'ble Prime Minister. The main conference will be held on 25th-26th February, and we are confident that you will find the confidence to bring your investments to Assam."
Key achievements of Assam in recent years include:
With its strategic location as a gateway to South East Asia, Assam is actively fostering cross-border trade with ASEAN and SAARC countries. Enhanced connectivity with neighbouring nations like Bangladesh, Bhutan, and Nepal further strengthens the state’s position as a pivotal economic player in the region.
Advantage Assam 2.0 Summit: A Glimpse Ahead
The Advantage Assam 2.0 Investment and Infrastructure Summit in February 2025 promises to be a global platform for showcasing Assam’s economic potential. The summit will bring together policymakers, business leaders, and investors to discuss innovative strategies and explore collaborative opportunities that align with Assam’s development vision.
The Jhumur dance performance, a tribute to Assam’s cultural heritage, will be one of the highlights of the summit’s inaugural evening. This vibrant display of tradition will set the stage for a high-energy event that balances economic ambition with cultural pride.
Assam invites industries across sectors to be a part of its transformational growth journey and explore the abundant opportunities that the state has to offer.
