Advantage Assam | Assam’s Global Investors Summit 2018|Details Live Info

Now a days ‘Advantage Assam’ is a popular word in everyones mouth in Assam with all over India

What Is ‘Advantage Assam’ ???

Advantage Assam

It is the Assam Global Investors’ Summit scheduled during 03-04 February 2018,which is the largest ever investment promotion and facilitation initiative by the Government of Assam. The aims of this Summit is to highlighting the state’s geostrategic advantages offered to investors by Assam to enhance the export-oriented manufacturing and services to growing economies viz. ASEAN and BBN countries.

Details Info Of “Advantage Assam| Assam’s Global Investors Summit 2018”

As many as 176 initial pacts worth Rs 65,186 crore with 160 firms were signed in Guwahati on the first day of the Assam’s maiden Global Investors’ Summit, where Prime Minister Narendra Modi emphasised the need for an all-round development of the north east.


Our honourable Prime minister Narendra Modi in his inaugural speech said that the government has speeded up the functioning of official machinery and laid stress on the importance of ‘Act East Policy’ for further momentum to the country’s growth story. “Our aims to complete all programmes before the target we fixed,” the prime minister said at the programme attended by Bhutan Prime Minister Dasha Tshering Tobgay, Japan Ambassador to India Kenji Hiramatsu, captains of industry and representatives of USA, Germany, Japan, Korea, Israel, Vietnam, Myanmar, Cambodia, Czech Republic, Laos and Bangladesh. Modi said the country has become the most preferred investment destination with the highest foreign direct investment (FDI) of $60 billion last fiscal and the union government will now focus on development of infrastructure to turn Assam into the country’s new growth engine.

Advantage Assam

The focus of the development strategy of Assam is on “transformation through transportation” and hence stress has been laid on improving the road and rail connectivity in the region. The government will work to bring about all qualitative change in the lives of low and middle income classes and promote “Ease of Living” at the same time.

Indian Oil Corporation (IOC) and Numaligarh Refinery Ltd also evinced interest to invest Rs3,432 crore and Rs3,410 crore, respectively.

Reliance Industries chairman and managing director Mukesh Ambani announced that his company will be investing close to Rs 2500 Crore in in next three years. “We will increase the number of retail outlets from two to 40 and increase the number of petrol pumps from 27 to 165 in Assam.”

Ambani said, “There will be five fold increase in sustainable livelihood from presently 20,000. We will work to create a research centre in one of the universities for protection of wild life and come up with a football academy.”

Union Minister for Petroleum and Natural Gas, Dharmendra Pradhan inaugurated NRL’s Diesel Hydrotreater(DHDT ) plant at the summit NRL’s DHDT Project has been implemented at a cost of Rs 1031 Crore without any cost and time overrun

The Indo-UK Institute of Health will be investing close to Rs 2,700 crore, Century Plywood has shared plans of investing 2,100 crore.

advantage assam

Aditya Khaitan, Vice-Chairman and MD, McLeod Russel said they will investing Rs 700 Crore in Assam, out of this around Rs 200 Crore in the Eveready Industries.

Spicejet announced its plans of investing Rs 1,250 crore worth and expressed willingness to run sea planes, Infinity Group will be investing Rs 1,000 crore in an IT Park and Real Estate in Guwahati.

said that the company is working with Assam Government for setting up cancer hospital facilities and plans to touch nearly two million lives in Assam.

With N. Chandrasekaran, Chairman, Tata Sons joining hands, the Assam government to roll out an elaborate cancer care programme in 17 centres across 15 districts of the state from next year, the project will see an investment of around Rs2,000 crore, Assam health minister Himanta Biswa Sarma said.

ONGCBSE -1.36 % will invest Rs 13,000 Crore and Oil India Limited will be investing Rs 10,000 crore, IOCL has committed investment worth Rs 3432 Crore and Numaligarh Refinery Limited (NRL) will pump in Rs 3410 Crore.

Infinity Group will be investing Rs1,000 crore in an IT park and real estate project in Guwahati, he said adding the Medanta Group proposed Rs500 crore investment in the healthcare sector and Dalmia Bharat Cement announced an investment to the tune of Rs1,100 crore.

“Tourism sector, which is one of the key focus areas of the government, saw an investment proposal in concurrence of around Rs 736 crore. 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 (Rs6,000 crore), Star Cement (Rs2,100 crore), Infinity Infotech Parks (Rs1,000 crore) and Mahindra Holidays and Resorts India (Rs 400 crore), among others, he added.

advantage assam

Assam chief minister Sarbananda Sonowal in his address asked investors to explore the investment potential in the state and come up with more ideas. He promised that the government would meet all of their expectations. Describing the summit as a historic event in the economic growth story of the state, Sonowal said his government is committed to turning Assam into a prime hub of economic activity in the north east.

Union minister for commerce and industry Suresh Prabhu said there was the need to create a development road map. Tobgay in his speech emphasised the exemplary relations shared by the two countries and acknowledged the support and cooperation received from India for being a part of Bhutan’s growth story.

Japan Ambassador Kenji Hiramatsu said his country was keen to continue ties with India and was committed to identify further areas of cooperation to contribute to Assam’s development.

The 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. Tourism-hospitality-wellness, civil aviation, petroleum- natural gas and startups-innovation are other focus areas at the summit.

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