The Assam government has extended invitations to representatives from 31 countries across Asia, Europe, and beyond to explore investment opportunities in various sectors ahead of the upcoming Global Investment Summit. Scheduled for February 25-26, 2025, in Guwahati, this summit promises to be a significant event aimed at boosting Assam’s economy through strategic partnerships.
Assam has targeted several key industries for growth and development. These include:
To sweeten the deal for potential investors, Assam’s Chief Minister Himanta Biswa Sarma announced the creation of a Rs 25,000 crore corpus. This fund will be used for Profit Linked Incentive (PLI), which will be available to industries interested in setting up operations in Assam. This move aims to make Assam a preferred destination for businesses.
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One of the key discussions at the meeting was with Myanmar, where officials explored ways to expand border trade. The focus was on areas like Moreh-Tamu, among others. In addition to trade, discussions also touched on tourism with Myanmar, focusing on connecting Assam’s spiritual sites, such as Kamakhya Temple, with Buddhist heritage sites in Myanmar.
Singapore emerged as a key player in the discussions on sustainability and renewable energy. Talks centered around the future of green hydrogen and sustainable agriculture. These sectors are seen as vital for Assam’s development while keeping in mind environmental concerns.
Another key focus of the discussions was tourism. Talks with Sri Lanka revolved around enhancing tourism and hospitality between the two regions. Assam aims to position itself as a major destination for both spiritual and adventure tourism.
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Several European countries, including Finland, Sweden, Norway, Denmark, Iceland, the Netherlands, Germany, Switzerland, and Austria, also engaged in the discussions. These countries are exploring investment opportunities across various sectors in Assam. With their technological expertise, they could play a key role in driving Assam’s growth. This will particularly help for the renewable of energy and infrastructure sectors as well.
Apart from the Asian and European countries. The representatives from UAE, Saudi Arabia, Italy, Australia, Japan, South Korea, the Czech Republic, Oman, the US-India Business Council, and Brazil also participated in the meetings. The UAE focused on energy and hydrocarbon investments, which aligns with Assam’s aspirations to develop its oil and gas sector.
The forthcoming Global Investment Summit in Guwahati presents a golden opportunity for Assam to tap into global markets. With a clear focus on key industries such as oil, textiles, agro-processing, and sustainable energy, Assam is laying the groundwork for a robust economic future. The invitation to global players and the creation of attractive investment incentives are expected to bring significant economic benefits to the state.
