Monday, 22 October, 2018

PM Modi inaugurates Advantage Assam Summit in Guwahati

PM Modi inaugurates Advantage Assam Summit in Guwahati Assam Summit is a boost to northeast, says, Jitendra Singh
| 05 February, 2018, 06:49

"The Act East Policy requires increased people to people contact, trade ties and other relations with countries on India's east, particularly ASEAN countries", he said.

"Assam Government also understands the criticality of providing ease of doing businesses in order to gain attention from national and worldwide investors", Mr Tiwari said.

The two-day event that began on Saturday will showcase the state's manufacturing opportunities and geostrategic advantages to foreign and domestic investors.

The Prime Minister, talking about the achievements of his government at length, said, "We created the Act East Policy and the Northeast is at the heart of it".

Elections are due in three northeastern states in February.

Inaugurating the two-day "Global Investors Summit" hosted by Assam, Modi said the NDA government has speeded up the functioning of official machinery and "we want all programmes to be completed before target". "Our relationship with you is not only a business relationship, it is more of a humanitarian relationship and I assure you to ensure full cooperation and support in all the initiatives", he said while adding that summit is a way forward to strengthen ties between Assam and ASEAN and BBN countries.


He said all the schemes of the Union Government are oriented towards bringing about a qualitative change in the lives of the people.

"Assam has a unique advantage of being at a strategic geographic location with a strong connectivity network, making it an ideal destination for doing business with the ASEAN countries", Mr Tiwari said. A proposal to extend the highway to Vietnam, Laos and Cambodia is also under consideration, ” he said, adding that the Kaladan Multi-Modal Transit Transport Project is also on track. "Guwahati will soon have a world class airport terminal", he said.

"With present leadership of the state government, Assam is going to further improve its current position to emerge as one of the most sought after states for investment".

At the summit Reliance Industries CMD Mukesh Ambani announced that his company will invest Rs 2,500 crores in Assam inretail, petroleum, telecom, tourism and sports.

Mr.NChandrasekaran, Chairman, Tata Sons said that the company is working with Assam Government for cancer hospital facilities and plans to touch almost two million lives in Assam. Indian Oil Corporation (IOC) and Numaligarh Refinery Ltd planning to invest Rs3,432 crore and Rs3,410 crore, respectively.

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