Assam govt plans to attract investments worth Rs 30,000 cr in next 2 years

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Mumbai/Guwahati, November 30: Assam Chief Minister Sarbananda Sonowal urged investors to seize investment opportunities in the state, stating that his government was aiming to turn Guwahati into an investment hub in the country.

The CM urged the investors to take full advantage of the state’s liberalised investment policies and improved business environment.

The Assam government has targeted to bring in investments worth Rs 20,000- 30,000 crore in the next two years by promoting the northeastern state as an Indian gateway to the ASEAN countries.

Sonowal was speaking at the Media Meet in Mumbai for the ‘Advantage Assam: Global Investors’ Summit 2018’ which is scheduled to be held in Guwahati in February next.

Sharing the investment figures in the last 1.5 years, the CM said, the investment of over Rs 6,500 crore by major companies like ITC, Dabur, Hindustan Unilever, Ajanta Pharma and others is an example of the states improving business environment.

Sonowal said that several roadshows have been organised around the globe such ones in Toronto, New York, San Francisco and London. He also added that a high-level delegation from the state is currently organizing roadshows in Japan, South Korea and Singapore.

While addressing the potential investors, Sonowal specifically mentioned that the summit would primarily focus on agriculture and food processing, handloom, textile and handicrafts, tourism, hospitality and wellness, plastics and petrochemicals, power, pharmaceutical and medical devices, heavy industries, IT & ITeS, civil aviation, petroleum and natural gas as well as inland water transport, port township and riverfront development.

The government also sought investments in the power sector where said projects of 1901.5 MW are in the pipeline.

Edited by: Arnab Jyoti Das