Assam's Ascendancy: Emerging Investment Hub Captivates Global Interest

Assam is positioned as a leading investment hub, attracting domestic and international investors, according to Assam Cabinet Minister Ashok Singhal. At the Advantage Assam 2.0 summit, the state signed 164 MoUs worth over Rs 1.89 lakh crore. The event showcased Assam's economic potential and its role as a global investment focal point.

Assam is swiftly establishing itself as a prominent investment destination, drawing the interest of both local and international investors. Assam Cabinet Minister Ashok Singhal highlighted the state's burgeoning economic potential during the Advantage Assam 2.0 summit, positioning the state as a vital center for global investment.

The minister stated that the business community is increasingly recognizing Assam's pivotal role in fostering future economic growth. "Assam's appeal as an investment destination extends beyond domestic borders," Singhal told ANI. "Once investors see Assam as the growth engine of the future, participation will naturally follow."

Singhal expressed optimism about sustained investor interest, predicting a self-sustaining cycle of economic progress. The event's closing day is set to host thematic sessions with Union Ministers including Hardeep Singh Puri, discussing Assam's economic strategies. On the summit's opening day, Assam signed 164 MoUs amounting to investment proposals of over Rs 1.89 lakh crore, with Chief Minister Dr. Himanta Biswa Sarma emphasizing the state's vision for development.

(With inputs from agencies.)