The first day of the two-day ‘Advantage Assam 2.0’ business summit held in Assam was highly successful, witnessing the signing of 114 Memoranda of Understanding (MoUs) with investment proposals totaling ₹1.89 lakh crore (approximately $228 billion USD).
Guwahati: The first day of the two-day ‘Advantage Assam 2.0’ business summit held in Assam was highly successful, with 114 Memoranda of Understanding (MoUs) signed, amounting to investment proposals of ₹1.89 lakh crore. Leading domestic and international companies pledged investments to propel the state's development to new heights.
Chief Minister Himanta Biswa Sarma stated on this occasion that Assam will emerge as a major industrial hub in India in the coming years. He expressed optimism that Assam's economy will reach $143 billion by 2030, and the state's GDP will grow at 15.2% this year.
Confidence in Assam from Major Companies
Tata Power announced an investment of ₹30,000 crore in the state, while Oil India Limited pledged investment in projects worth ₹23,300 crore. Furthermore, JSW Group (₹7,000 crore), Greenko Energies (₹5,850 crore), Adani Total Gas Limited (₹5,000 crore), and Essar Group (₹2,100 crore) also committed investments in the state.
Numaligarh Refinery announced an investment proposal of ₹10,711 crore, strengthening Assam's energy and petroleum sector. PNB Investment Services also committed ₹3,000 crore in investment.
The summit attracted not only Indian companies but also global organizations exploring investment opportunities in Assam. The Bill & Melinda Gates Foundation, DP World, Welspun, and other global entities pledged their collaboration with the state.
Accelerating Industrial Development in Assam
The ‘Advantage Assam 2.0’ summit marks a significant step towards establishing the largest state in Northeast India as an industrial hub. Massive investments in various sectors, including energy, gas, refineries, infrastructure, and financial services, will rapidly increase employment opportunities in Assam. Chief Minister Himanta Biswa Sarma stated, "Assam will no longer be known only for tea and petroleum; it will emerge as a new center for industrial development and investment." Government incentives and policy reforms have made Assam an attractive destination for investors.
