Tag: NORTHEAST POISED TO BE PREMIER INVESTMENT HUB

Assam & Northeast – Emerging Investment Hub Key Developments in Industrial Growth Advantage Assam 2.0 Summit received an overwhelming response. Semiconductor Unit in Jagiroad signals industrial expansion. Growing startup ecosystem to integrate Assam into India's broader economic growth. Assam’s Economic Strengths Tea Industry: 200-year-old global reputation. Handloom Sector: Rich, sustainable, and internationally recognized. Cultural Heritage: A unique attraction for foreign investors. Role of Invest India in Assam National Investment Promotion & Facilitation Agency (established in 2009). Provides investment support, trade promotion, and R&D collaborations. Northeast Regional Office inaugurated at AIIDC Industrial Estate, Bamunimaidam. Investment & Power Potential $100 million+ investments already facilitated in the Northeast, mainly in Assam & Tripura. Power Generation Potential: Can support data centers and industries in the region. “Advantage Assam 2.0 - Investment and Infrastructure Summit 2025” – the Investors’ Summit Largest Investment Initiative: Flagship investment promotion and facilitation event by the Government of Assam. Assam is strategically located in the northeastern region of India, serving as a gateway to Northeast India and Southeast Asia. The state is renowned for its lush tea gardens and petroleum resources and is now diversifying into sectors such as agriculture, food processing, handicrafts, tourism, and information technology. Economic Growth: Recorded a5% year-on-year surge in GSDP in FY 2023, showcasing a transformative economic trajectory. Attractive Policies: Dynamic leadership and investor-friendly policies driving growth. Major Investments: TATA’s USD 3.3 billion OSAT (Outsourced Semiconductor Assembly and Test) project in Jagiroad underscores Assam’s appeal for big-ticket investments. Business-Friendly Environment: Focused on infrastructure, industrial development, and ease of doing business. Participating Sectors: Semiconductor Industry Agriculture and Food Processing Handloom, Textiles, and Handicrafts Tourism, Hospitality, and Wellness Information Technology and Electronics Petroleum and Petrochemicals Pharmaceuticals and Medical Equipment Civil Aviation Power and Renewable Energy River Transport and Port Townships Impact on Assam: Economic Growth: The influx of investments is expected to accelerate Assam's economic development, diversify its industrial base, and enhance its position as a key player in various sectors. Employment Generation: Significant job creation is anticipated across sectors, with an emphasis on providing opportunities for local youth in technical and managerial roles. Infrastructure Development: Investments in sectors like electronics manufacturing and bamboo-based industries will lead to the development of critical infrastructure, fostering a conducive environment for further industrial growth. Skill Development: Initiatives such as the dairy expansion project aim to equip local farmers and youth with necessary skills, aligning with industry requirements and enhancing employability.

Tag: NORTHEAST POISED TO BE PREMIER INVESTMENT HUB

ASSAM, NORTHEAST POISED TO BE PREMIER INVESTMENT HUB

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