Assam News

Assam Hosts Global Investment Opportunities with 31 Nations Ahead of February Summit

The Assam government invited representatives from 31 Asian-BIMSTEC, European, and other countries to explore joint investments in key sectors.

Sentinel Digital Desk

GUWAHATI: The Assam government on Tuesday invited representatives from 31 Asian-BIMSTEC, European, and other countries to explore joint investments in Assam oil and power sector, textiles, and silk industry, and agro-processing unit. Chief Minister Himanta Biswa Sarma also launched a mission for the upcoming Global Investment Summit, scheduled for February 25 and 26 in Guwahati.

“To further encourage companies to set up bases in Assam, we are establishing a corpus of Rs 25,000 crore for Profit Linked Incentive (PLI), which will be offered to various industries,” Sarma announced.

The meeting with Myanmar focused on expanding border trade through points like Moreh-Tamu and other locations. Additionally, the two sides discussed collaborating on the Buddhist Circuit Tourism, linking sites in Myanmar with Assam’s spiritual landmarks, including Sualkuchi and the Kamakhya Temple.

The Assam government also explored sustainability collaborations with Singapore, particularly in renewable energy, green hydrogen, and sustainable agriculture. In talks with Sri Lanka, the focus was on enhancing tourism and hospitality.

European countries, including Finland, Sweden, Norway, Denmark, Iceland, the Netherlands, Germany, Switzerland, and Austria, were also involved in the discussions, and investment opportunities were explored in various sectors.

Representatives from other countries, such as the UAE, Saudi Arabia, Italy, Australia, Japan, the Republic of Korea, the Czech Republic, Oman, the US-India Business Council, and Brazil, also participated in discussions on investment opportunities in Assam. The talks with the United Arab Emirates (UAE) centered on the energy and hydrocarbon sector.