Assam Transforming into a Leading Investment Destination: PM Narendra Modi

Staff Reporter

GUWAHATI: Inaugurating Advantage Assam 2.0, Prime Minister Narendra Modi said, “Assam’s dynamic workforce and rapid growth are driving its transformation into a leading investment destination.”

Delivering his inaugural address, Prime Minister Modi spoke about Assam’s rich industrial legacy and its promise to emerge as a leader in the country’s industrial landscape. The government of India’s unwavering support and commitment to Assam’s rise as an industrial powerhouse also complemented the state in diversifying its economy with a focus on technology and manufacturing.

The Prime Minister said, “East India and Northeast India are embarking on a new journey of the future, and Advantage Assam 2.0 is a mega initiative to intertwine the incredible potential and progress of Assam with the world.”

Highlighting the growing global trust in India, as witnessed by the gathering in Assam, Modi said, “Assam’s contribution to India’s growth is steadily increasing. Today, Assam has become a state with an economy of around Rs 6 lakh crore. The numerous investments in Assam have turned it into a state of unlimited possibility. Assam has set a target to achieve a 150 billion-dollar economy by 2030. I’m confident that Assam can achieve this goal, attributing it to the capable and talented people of Assam and the commitment of their government. Assam is emerging as a gateway between Southeast Asia and India.”

The Prime Minister urged industry partners to take full advantage of the Northeast Transformative Industrialization Scheme, Unnati, and Assam’s unlimited potential. He said that Assam’s natural resources and strategic location make it a preferred destination for investment. Assam tea is an example of Assam’s potential, which has become a global brand over the past 200 years, inspiring progress in the other sectors as well, he said.

Stressing that Assam has always had a share in global trade, the prime minister said that over 50 percent of India’s onshore natural gas production comes from Assam, and there has been a significant increase in the capacity of Assam refineries in recent years. He also pointed out that Assam is rapidly emerging in sectors such as electronics, semiconductors, and green energy. He emphasized that due to government policies, Assam is a hub for high-tech industries as well as startups.

The Prime Minister said, “Today, the Northeast and Eastern India are rapidly advancing in infrastructure, logistics, agriculture, tourism, and industry. And the day is not far when the world will see this region leading India’s development journey.”

The Prime Minister invited everyone to be partners and companions in this journey with Assam. He concluded his address by calling for collective efforts to make Assam a state that elevates India’s capabilities to new heights across the global South.

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