Northeast at heart of Act East Policy: Modi

PM Modi inaugurates Advantage Assam Summit in Guwahati

PM Modi inaugurates Advantage Assam Summit in Guwahati

On Friday, the government of Assam signed an MoU with the National Buildings Construction Corporation Limited to build a 65-storied twin trade tower in Guwahati with an expenditure of rupees 1,095 crore. The two-day conclave will be opened by Prime Minister on Saturday.

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

As Assam embarks upon a new chapter, laying emphasis on new capital formation through business and industrial development, it received overwhelming support and appreciation from the champions of the industry.

The maiden Global Investors Summit in Assam scheduled on Feb 3-4, 2018.

Infinity Group will be investing Rs1,000 crore in an IT park and real estate project in Guwahati, the Medanta Group proposed Rs500 crore investment in the healthcare sector and Dalmia Bharat Cement announced an investment to the tune of Rs1,100 crore.

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"Formal India-ASEAN ties may be 25 years old, but our association has been there for ages".

He further stated that in the last three years, the government has spent more than INR 5,000 crore on development of railways in the northeast.

The Reliance Foundation will establish a centre at a university in Assam to promote wildlife protection and sustainable eco-tourism in the State.

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.

"Advantage Assam is advantage India". According to a government spokesman, the Cambodian delegation will be led by tourism minister Thong Khon. Bhutanese PM Tshering Tobgay, several Union ministers, chief ministers of neighbouring Arunachal Pradesh and Manipur, ambassadors and high commissioners of 16 countries, RIL chairman Mukesh Ambani, Tata Sons chairman N Chandrasekharan attended the meet.

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The Summit also saw "country sessions" on four countries - Japan, Czech Republic, Bangladesh and Cambodia.

The chief minister said oil major ONGC committed Rs13,000 crore investment in the state, another oil PSU Oil India Ltd. pledged an investment of Rs10,000 crore.

"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.

Ltd., Mr.Takashi Tsuchiya, Deputy Director General, JETRO New Delhi. "A similar growth trajectory is possible for Assam, provided it is replicated here", he said.

Advantage Assam will be the largest ever investment promotion and facilitation initiative by the Government of Assam.

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

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