Priyanka
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The two-day Advantage Assam 2.0 business summit, which kicked off in Guwahati on Tuesday, successfully wrapped up on Wednesday, marking a major milestone for the state's economic future. Assam Chief Minister Himanta Biswa Sarma announced that the state has received investment commitments totaling nearly ₹5 lakh crore.
Leading corporate giants such as Reliance, Adani, Vedanta, and Tata Group were among those who pledged significant investments. At the summit’s closing ceremony, Assam’s Chief Secretary Ravi Kota revealed that 270 agreements worth ₹2.75 lakh crore were signed between the state government and various companies. After the event, the Chief Minister took to social media, stating,
"A total of ₹4,91,500 crore in investment commitments has been made at the Advantage Assam 2.0 Investment and Infrastructure Summit 2025."
Scrutiny Before Approval: Assam Focuses on Quality Investments
The Assam government had received investment proposals worth ₹6-7 lakh crore. However, Sarma emphasized that not all proposals were accepted without proper evaluation.
"Our officials carefully reviewed all proposals and proceeded only with those that can be implemented within the next three to four years," he said after the closing ceremony.
Highlighting the state’s strategy, the Chief Minister stressed that Assam prioritizes quality over quantity when it comes to investments. He described this massive investment influx as a ‘defining moment’ for the state and remarked,
"Assam is set to embark on a transformative journey and will play a crucial role in India's economic landscape."
Tata’s Semiconductor Unit to Drive Growth
Key sectors attracting the most investment include hydrocarbons, mining, and renewable energy, with agriculture and horticulture also securing notable investments. The Chief Minister underlined that this summit marks Assam’s shift from a ‘dependent state’ to a ‘contributor state.’
He also pointed out the state’s economic progress, noting a 19% growth rate in 2023, along with a 66% decline in crime rates. Among the major projects expected to shape Assam’s future are Tata’s semiconductor unit and NRL’s bio-refinery project, both of which will be instrumental in driving industrial growth.
Assam: The Next ‘Concert Capital’ of India?
Apart from industrial investments, the Chief Minister highlighted Assam’s untapped potential in the entertainment, medical, and tourism sectors. He even suggested that the state could emerge as India’s ‘concert capital,’ given its unique cultural and geographical appeal.
Chief Secretary Ravi Kota further detailed the scale of investment announcements, including:
- ₹1.25 lakh crore in commitments from industrialists Mukesh Ambani and Gautam Adani.
- ₹78,000 crore in investments by government companies for infrastructure development.
The summit saw a massive international presence, with participation from:
- 67 embassies
- 76 countries
- 12 bilateral agencies
- 9 partner nations
In total, the two-day event drew more than 14,500 attendees, including over 200 foreign delegates and 2,100 business representatives from across India.
With such a strong foundation laid, Assam is now on a path to becoming a major economic hub, attracting investments that promise long-term growth and development.
