Guwahati: Prime Minister Narendra Modi on Tuesday inaugurated the second edition of Advantage Assam saying the state is on its path to become a USD 150 billion economy by 2030 as “East India and Northeast India are embarking on a new journey of future today and Advantage Assam is a mega initiative to intertwine the incredible potential and progress of Assam with the world.”
Highlighting the growing global trust in India, as witnessed by the gathering in Assam, Modi remarked, “Assam’s contribution to India’s growth is steadily increasing”. He noted that the first edition of the Advantage Assam Summit was held in 2018, at which time Assam’s economy was valued at Rs 2.75 lakh crore.
Today, Assam has become a state with an economy of approximately Rs 6 lakh crore, the PM added, emphasizing that under the present government, Assam’s economy has doubled in just six years.
Despite global uncertainties, experts unanimously agree on one certainty: India’s rapid growth, he said. Modi emphasized that today’s India is working with a long-term vision for the next 25 years of this century.
He highlighted that the world has immense trust in India’s young population, which is rapidly becoming skilled and innovative. The Prime Minister also noted the growing confidence in India’s neo-middle class, emerging from poverty with new aspirations.
Underscoring the trust the world places in India’s 140 crore people who support political stability and policy continuity, Modi highlighted India’s governance that continues to implement reforms.
Furthermore, he pointed out that India is strengthening its local supply chains and entering free trade agreements with various global regions. The Prime Minister also mentioned the robust connectivity with East Asia and the new India-Middle East-Europe Economic Corridor, bringing new opportunities.
The numerous investments in Assam have turned it into a state of unlimited possibilities, he stated. Modi highlighted that the Assam government is focusing on education, skill development, and creating a better investment environment.
In the event, Reliance Industries Chairman and Managing Director Mukesh Ambani also announced quadrupling the investment to Rs 50,000 crore in the next five years from Rs 12,000 crore now and will focus on making the state a major tech hub for the group.
“India is undergoing significant reforms across all sectors and levels of the economy and continuous efforts have been made to enhance the Ease of Doing Business, and a comprehensive ecosystem has been established to promote industry and an innovation culture”, emphasised Modi. He highlighted that excellent policies have been formulated for startups, manufacturing through PLI schemes, and tax exemptions for new manufacturing companies and MSMEs.
The PM also noted the substantial investment the Government is making in the country’s infrastructure.
He pointed out that Assam has set a target to achieve a USD 150 billion economy by 2030 and expressed confidence that Assam can achieve this goal, attributing it to the capable and talented people of Assam and the commitment of their Government.
The Governor of Assam, Lakshman Prasad Acharya, Chief Minister of Assam, Himanta Biswa Sarma, Union Ministers Dr. S Jaishankar, Sarbananda Sonowal, Jyotiraditya Scindia, Chief Minister of Tripura, Dr. Manik Saha, Union Minister of State, Pabitra Margherita were present among other dignitaries at the event.
UNI
