ADVANTAGE ASSAM 2.0

Advantage Assam 2.0: Key Highlights

  • Event Details:
    • Business summit scheduled for February 25–26 in Assam.
      • Aims to attract domestic & global investment and promote Assam as a preferred business destination.
  • Target Countries for Investment:
    • Asia: Japan, South Korea, Singapore, Malaysia, Thailand, Nepal, Bhutan.
    • Western Nations: USA, UK, UAE.
  • Chief Minister and Minister Visits:
    • CM Himanta Biswa Sarma: Completed visit to Bhutan; upcoming visits to Japan, South Korea, and Singapore.
    • Minister Keshab Mahanta: Currently in Thailand; plans to visit Malaysia, UK, and UAE.
    • USA visit postponed due to political transition.

Economic Highlights of Assam:

  • Current GSDP: Increased from $21.4 billion (2013-14) to $68 billion (2023-24).
  • Projected Growth: Target of $143 billion GSDP by 2029-30.
  • Largest economy in Northeast India.
  • Industrial Strengths:
    • Strong sectors: Petroleum, natural gas, tea, cement, silk.
    • Upcoming mega semiconductor project at Jagiroad (first in India).
  • Key Attractions:
    • Abundance of natural resources and forest cover (high air quality index).
    • Geostrategic location: Close to East and Southeast Asia.
  • Focus Areas for Development:
    • Infrastructure: Roads, civil aviation, waterways, industrial parks.
    • High-value industries, IT, renewable energy, green industries, and tourism.

Assam’s Investment Advantages

  • Strategic location near ASEAN & BBN countries, aligned with India’s Act East Policy.
  • Strong logistics infrastructure – multimodal logistics park at Jogighopa.
  • Business-friendly policies and abundant natural resources.
  • Potential for MSMEs, semiconductor industry, green energy, and tourism.

Key Developments from Global Outreach

  • South Korea:
    • Focus on MSME & startup collaboration.
    • Engagement with Korean SMEs & startup minister Oh Youngju.
  • Japan:
    • Promotion of semiconductor sector & infrastructure projects.
    • Meeting with Micron Technology, Renesas Electronics, and Toyota.
    • Plan to send Assamese youth for Japan’s foreign trainee program.

Future Outlook

  • Assam aims to achieve USD 143 billion GSDP by 2030.
  • USD 12 billion investment plan for infrastructure development.
  • Strengthening bilateral ties with Japan & South Korea.
  • Establishing a Japanese language centre in Guwahati to support workforce integration.

Advantage Assam 2.0 is a crucial step towards making Assam a global investment hub.  Boosting Assam’s brand as an economic powerhouse through strategic investments & partnerships.

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