PM Narendra Modi Inaugrates Advantage Assam Global Investors Summit 2018

05 February, 2018, 06:47 | Author: Bert Pena
  • PM Modi inaugurates Advantage Assam Summit in Guwahati

Prime Minister Narendra Modi said that Northeast India is at the heart of the Look east policy of India.

The two-day summit is being held over February 3- 4, 2018, in Guwahati.

He further stated that in the last three years, the government has spent more than INR 5,000 crore on development of railways in the northeast.

The event, which has been billed as one of the greatest events of the North Eastern Region to attract investments is also conspicuous by absence of many Chief Ministers of the region.

Chief minister Sarbananda Sonowal said almost 200 initial pacts worth almost Rs70,000 crore were signed at the Advantage Assam summit.

The Prime Minister was received by Assam Chief Minister Sarbananda Sonowal, along with other officials. "Infrastructure sector, a prime determinant of progress, saw a total investment proposal worth Rs 2,347 crore", the spokesperson said.Other major companies announcing investments in Assam are BPCL (Rs 350 crore), Essel Infraprojects (Rs 6,000 crore), Star Cement (Rs 2,100 crore), Infinity Infotech Parks (Rs 1,000 crore) and Mahindra Holidays and Resorts India (Rs 400 crore), among others, he added.

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The Assam government has identified 12 focus sectors for the summit, including agriculture and food processing, handloom-textile-handicrafts, logistics, river transport-port township, IT-ITeS, pharmaceutical-medical equipment, plastics-petrochemicals and power.

"Bhutan is 85th among all countries in ease of doing business, and we are trying to break into the top 50 soon".

Assam has hosted its first global investors summit to showcase its manufacturing opportunities and geostrategic advantages to foreign and domestic investors.

Modi said the tagline of the meet - "Advantage Assam: India's expressway to ASEAN" - is very appropriate and not just a statement but it is a "comprehensive vision".

PM Modi also discussed the recent announcements in the budget, he said that 45-50 crore people will benefit from the health insurance scheme Ayushman Bharat and it has enhanced the possibilities of setting up hospitals in tier II and III cities by hospital chains.

Over the two days of the summit, delegates from Australia, Bangladesh, Bhutan, Canada, Cambodia, Czech Republic, Germany, Hong Kong, Israel, Italy, Indonesia, Japan, South Korea, Laos, Myanmar, Netherlands, Nepal, Singapore, Thailand, UAE, UK, USA and Vietnam exchanged ideas with industrialists from across the country and shared their valuable insights with the Government of Assam for evolving business relations in the state.

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