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Assam is India's Expressway to ASEAN and gateway to South-East Asian markets

Oct 24, 2017

CM Sarbananda Sonowal assures safe and secure environment for businesses to invest in Assam
'Advantage Assam - Global Investors Summit' to be held on Feb.3-4, 2018 in Guwahati
Assam is India's Expressway to ASEAN and gateway to South-East Asian markets
NEW DELHI, October 24, 2017: Mr. Sarbananda Sonowal, Chief Minister of Assam, today announced that the largest-ever investment promotion and facilitation initiative by the Government of Assam, ´┐ŻAdvantage Assam ´┐Ż Global Investors Summit´┐Ż will be organized in association with FICCI on February 3-4, 2018, in Guwahati. He also unveiled the website of ´┐ŻAdvantage Assam´┐Ż at a curtain raiser organized by FICCI.
The Summit would showcase the tremendous investment opportunities and highlight the geo-strategic advantages offered to investors by Assam. The State is emerging as the ideal destination for investments capable of catering to not only the North East and the rest of India but also to serve as the manufacturing and services hub for the ASEAN region, one of the world´┐Żs fastest growing region with an economy of more than 3 trillion USD.
The Chief Minister said that with Prime Minister Mr. Narendra Modi´┐Żs clarion call to transform North East of India as ´┐ŻNew Engine´┐Ż of growth for the country, Assam was now the land of potential, possibilities and prosperity. He urged industry leaders to invest in Assam, India´┐Żs Expressway to ASEAN, and assured that a safe and secure environment will be provided to them to facilitate their endeavors. Assam with its strategic location offers a market of 800 million people as it serves as the gateway to South-East Asian market.
Mr. Chandra Mohan Patowary, Industries Minister, Government of Assam, said that the Government of Assam was pro-development and was safeguarding the interests of both the investors and labor. Committed to providing a conducive and business-friendly ecosystem to investors, the government had recognized the importance of skill development and was working towards providing skilled manpower to the industry.
Enumerating the various policy initiatives of the Government of Assam, Mr. V K Pipersenia, Chief Secretary, Government of Assam, said that the state was at the centre of India-ASEAN interface and was gearing to take giant leaps towards development and prosperity. He added that issue of connectivity was being addressed. The government was enhancing airways, roadways, waterways, railways and internet connectivity in the state.
Mr. Ravi Capoor, Additional Chief Secretary, Industries & Commerce, Government of Assam, said that the Government of Assam had identified river transport & port townships; power; plastic & petrochemicals; agriculture & food processing; pharmaceuticals; IT & ITeS; tourism; and silks, as the focus sectors for investments in the state. He added that the state government was keen to develop Assam as the regional aviation hub and was looking at ways to establish direct air connectivity with neighboring countries where the flying time was between 1.5 to 2 hours. 
Mr. Harshavardhan Neotia, Immediate Past President, FICCI & Chairman, Ambuja Neotia Group, said that the strategic location of Assam coupled with business friendly approach of the State Government and abundant resources make Assam an ideal destination for industries like textiles, biotech & pharmaceuticals, infrastructure, food & agri business, plastics & petrochemicals, IT & ITES, renewable energy, electronics hardware, tourism, power and many other sectors. He added that all entrepreneurs, investors and business leaders should avail of the opportunity to evaluate the prospects and consider investments in Assam in their areas of interest.

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