Saturday, 23 June, 2018

PM Narendra Modi Inaugrates Advantage Assam Global Investors Summit 2018

Prime Minister Narendra Modi at Assam Global Investors Summit PM Modi inaugurates Advantage Assam Summit in Guwahati
Glenn Montgomery | 05 February, 2018, 06:45

Mr Sonowal said the Prime Minister's special focus for the development of the Northeast and his multiple initiatives for the region will be the basis for the success of the summit.

The two-day summit is being held over February 3- 4, 2018, in Guwahati.

Six countries were represented at the ministerial-level, with the prime minister of Bhutan himself leading his country's delegation.

Assam Chief Minister Sarbananda Sonowal in his address asked investors to explore the investment potential in the state and come up with more ideas.

Modi said the initiatives taken by the BJP-led NDA government at the Centre for the last three and half years "are becoming evident" and that his government had spent Rs 5,300 crore every year in northeastern states to improve the railway network.

He pointed out that Advantage Assam means Advantage Bhutan.

This will be the second time that the four ASEAN members-Cambodia, Laos, Myanmar and Vietnam-are coming together on Indian soil after the heads of all the 10 ASEAN member countries attended this year's Republic Day parade as chief guests on an invitation from Modi.

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.Among those who spoke at the event were: FICCI president and representatives of Mcleod Russell India, Century Plyboards, Patanjali, Sun Pharmaceutical, Tata Sons and ITC. Host minister for industry and commerce Chandra Mohan Patowary said, "Investments are key to the economic growth of the state".

The tagline of the summit "Advantage Assam: India's Expressway to ASEAN" is not just a statement but is a comprehensive vision, he added.

Besides, the Summit will showcase the opportunities offered by the state in terms of export-oriented manufacturing and services to ASEAN and BBN countries.

"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. Stating that the union government is very keen to transform Assam and the NE as the Electronic Hub of the country, he said that the central government would extend all support in setting up of mobile manufacturing unit in the Electronic Cluster, which is to be operational under the Tech City, the foundation stone of which was laid on Sunday as an outcome of the summit.

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