Assam Attracts Massive Investment at Advantage Assam 2.0

The Advantage Assam 2.0 Summit attracted investment commitments worth Rs 5,18,205 crore, which is 80% of Assam's projected GDP. Chief Minister Himanta Biswa Sarma announced a roadmap for implementation within six months. Challenges include land provision and incentives. Sarma credits Prime Minister Modi for encouraging industrial interest.

The recently concluded Advantage Assam 2.0 Investment and Infrastructure Summit witnessed an overwhelming commitment of Rs 5,18,205 crore in investments, influenced by Prime Minister Narendra Modi's appeal. The amount represents 80% of the state's projected GDP of Rs 6.43 lakh crore by March, according to Chief Minister Himanta Biswa Sarma.

At a press conference, Sarma outlined plans to analyze the proposals in the upcoming financial year, aiming to prepare a roadmap for implementation within six months. A detailed agreement will be finalized after studying the proposals to ensure their execution, though Sarma noted that traditionally only 50% of commitments materialize, with hopes for an 80% success rate.

While challenges remain in providing land and offering incentives, the Assam government remains optimistic about overcoming these hurdles. The summit's success, attributed to Modi's influence, positions Assam as a potential leading investment destination in India.

(With inputs from agencies.)