Investment over Rs 64,000 cr pledged to Assam on first day of global summit
Investment over Rs 64,000 cr pledged to Assam on first day of global summit

Investment over Rs 64,000 cr pledged to Assam on first day of global summit


Investments worth over Rs 64,000 crore, in the form of nearly 180 MoUs, were pledged to Assam by industry bigwigs on the inaugural day of the two-day global investors' summit, 'Advantage Assam', in Assam capital Guwahati on Saturday.

Prime Minister Narendra Modi inaugurated the summit, in the presence of delegations from more than 10 countries, other international dignitaries and industry leaders, pledging to transform North Eastern region into the growth engine of the nation.

Modi said, "We created the Act East Policy and the Northeast is at the heart of it. The Act East Policy requires increased people to people contact, trade ties and other relations with countries on India's east, particularly ASEAN countries."

"The tagline of this Summit is very appropriate and gives a big Message. 'Advantage Assam: India's Express way to ASEAN' is not just a Statement but it is a comprehensive Vision," he added.

Giving details of various provision of Union Budget 2018 and how will it impact the Northeastern region, the Prime Minister said eight north eastern states are 'Astalaxmi' of India and could well turn out to be new engine of growth for new India.

Delving on growth potential of the eight states of the region, Modi said policies are now being designed according to the needs of North East people and will have a long term positive impact on the region in near future.

Prime Minister of Bhutan, Dasho Tshering Tobgay, who was among the international guests, spoke at length about Indo-Bhutan bilateral ties and the opening of the Royal Bhutanese Consulate in Guwahati, Assam.

He pointed out that Advantage Assam means Advantage Bhutan.

The first day of the summit saw a mammoth 176 MoUs worth Rs 64,386 crore signed in the presence of Assam Chief Minister Sarbananda Sonowal.

Oil India will be investing Rs 10,000 crore, Indo-UK Institute of Health will be investing Rs 2,700 crore, Century Ply has shared plans of investing Rs 2,100 crore, Spicejet outlined plans of Rs 1,250 crore worth of investment for Assam through sea planes boosting the tourism sector besides connecting Lakhimpur and Jorhat under the Udaan Scheme.

Infinity Group will be investing Rs 1,000 crore in an IT Park and Real Estate in Guwahati. Medanta Group shared their proposal of Rs 500 crore investment in the Healthcare sector. Essel Infra group will be investing in Road Infra, Power and Water Resource, while Dalmia Bharat Cement announced an investment attuned to Rs 1,100 crore.

Tourism sector which is one of the key focus areas saw an investment proposal in concurrence of around Rs 736 crore, while Infrastructure sector, a prime determinant of progress, saw a total investment proposal worth Rs 2,347 crore.

Reliance Group Chairman Mukesh Ambani, who spoke at the inaugural ceremony, committed to make an investment of Rs 2,500 crore in next three years in Assam in sectors like tourism, telecom and related areas.