Staff Reporter
GUWAHATI: The Assam government has earmarked Rs 2,000 crore to create a dedicated fund - the Assam Industrial Momentum Fund - as a logistic support system for the investments committed during the Advantage Assam 2.0.
According to official sources, besides the dedicated fund, the government is also going to constitute a high-power industrial promotion board through the necessary legislation.
An industry department source said, "We have already received Rs 5-lakh crore industrial investment proposals during Advantage Assam 2.0. To implement these investment proposals effectively, the government must develop planned industrial zones with modern logistics, power, water, and transport infrastructure. To support these initiatives and other incentives announced as per the sector-specific policies, the government is going to create a Rs 2,000-crore Assam Industrial Momentum Fund.
"To streamline approvals and enhance investors' confidence, the government is going to constitute a high-power industrial board and industrial area local authorities at district level. They will function as single-window authorities."
Industries Minister Bimal Borah urged the youth of the state to take advantage of the ecosystem created by Advantage Assam 2.0. He said that initiatives have already started to empower local entrepreneurs and suppliers by fostering collaborations and strengthening MSMEs (Micro, Medium and Small Entrepreneurs).
Chief Minister Dr Himanta Biswa Sarma said recently that from the new financial year the government would be able to talk to the companies that had signed MoUs. Officers of the departments concerned will sit down with investors to prepare the preparatory roadmap of the next six months, he said.
The state government has already started construction of industrial parks in the state in sync with the investment proposals reached during the Advantage Assam 2.0, besides upgrading the existing industrial parks in the state.
Officials of the Industries Department say that they want to do all the spade work before reaching the final agreements with the investors so as to convert agreements into investments as soon as possible.
The contribution of the industrial sector to the state's GDP is estimated at 33.17 per cent at the current price for the year 2024-35.
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