Assam Emerges As A Pivotal Point For Global Investment: Minister Ashok Singhal

GUWAHATI: Assam is rapidly establishing itself as a significant investment destination, attracting attention from both local and global investors, according to Assam Cabinet Minister Ashok Singhal. Speaking at the Advantage Assam 2.0 summit, he emphasized the state's economic potential, asserting that Assam is not merely a regional growth center but a pivotal point for international investment.

"Assam is a favored destination for investment," Singhal stated, noting the increasing interest from foreign investors alongside domestic ones. He remarked that as the business community begins to recognize Assam's potential as a future economic driver, more investors are likely to engage with the state. "Once people believe that Assam is the future growth engine, everybody wants to be part of it," he added.

Singhal expressed optimism about the rising investor interest, predicting that it would lead to sustained economic development. "When the ecosystem is in place, things will start happening, and it will go into autopilot mode. We are at the takeoff stage. Sky's the limit," he remarked.

The last day of Advantage Assam 2.0 will consist of crucial dialogues with Union Ministers Hardeep Singh Puri and Piyush Goyal on Assam's economic framework and sectoral prospects. Advantage Assam 2.0 has already completed major milestones in its first day with Chief Minister Himanta Biswa Sarma declaring the signing of 164 Memorandums of Understanding (MoUs), garnering Rs 1.89 lakh crore worth of investment proposals in 15 sectors.

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