Chief Minister Himanta Biswa Sarma: Now Assam is an investment destination

GUWAHATI: Chief Minister Himanta Biswa Sarma has appealed to all investors at the 7th India Industrial Fair UDYAM 2022 to invest in Assam, where peace is an asset.

The four-day fair began today at the Veterinary Field, Guwahati. Over 400 MSMEs (Micro, Small and Medium Entrepreneurs) are taking in the fair inaugurated by Union MSME Minister Narayan T Rane.

Addressing the fair, the Chief Minister said, “The government will follow a flexible policy for the investment of over Rs 100 crore in the state. If any investor wants to invest such an amount, he will talk to the group of secretaries. The group of secretaries will meet the requirements of the investors like land, subsidies, power connection etc. This approach will start from June this year. It will draw investments and create jobs.

“The State has around 67,000 MSMEs contributing to about 39 per cent of the State’s GDP (Gross Domestic Product). MSMEs are important components of the growth witnessed by Assam and the Northeast as peace has returned to the region. I urge all investors to prioritize Assam as their favourite investment destination.

“The MSESs need to emphasize modernization and quality control. The State Government will extend all possible support toward this end.”

The Chief Minister felt that the Northeast also needs a separate industrial policy like Jammu and Kashmir. He said, “The Northeast is the victim of the partition insofar as connectivity is concerned. The Northeast has to pay through its nose while bringing raw materials to the region and sending finished products from here.

“Prime Minister Narendra Modi is laying stress on making Assam ‘Gate Way to South East Asia’ by connecting the region to the capitals of the neighbouring countries.”

Laghu Udyog Bharati organized the 7th IIF-UDYAM, 2022, in partnership with Industries and Commerce Department of Assam. Chairman of the event, Vivek Agarwal, said, “We are conducting a multi-model platform addressing connectivity to different sectors of business of the Northeast and India to attract investment, especially in the manufacturing sector and market access to the MSMEs of this region.”

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