ADB for Yunnan model to boost Assam-ASEAN ties

PM Modi inaugurates Advantage Assam Summit in Guwahati

Assam Summit is a boost to northeast, says, Jitendra Singh

Assam is in discussion with the Centre to start flight services to ASEAN countries, Chief Minister Sarbananda Sonowal said on Sunday.

Chief Minister's media advisor Hrishikesh Goswami said roadshows held in Delhi, Kolkata, Mumbai, Toronto, San Francisco, New York, Tokyo, Seoul and Singapore have generated very positive response from the investors.

Assam CM Sarbanand Sonwal said, "Advantage Assam is not just a summit rather is an effort to bring focus on the advantages that Assam enjoy in many sectors".

Bangladesh Industry Minister Amir Hossain Amu, Cambodian Tourism Minister Thong Khon, Myanmar Commerce Minister Than Myint, Lao PDR's Vice Minister of Information Culture and Tourism Ounethoang Khaophanh are also likely to attend the event.

Assam Industry Minister, Chandra Mohan Patwary said the Government of India has committed that a new policy to attract investment in the region is being drafted.

Assam, he said, was a low priority State for telecom operators, but for Reliance it is a Category A State and the company is the largest private sector investor of the State, having invested Rs 5,000 crore.

"The Union government has taken up many path-breaking economic reforms in last three-and-a-half years, which have simplified procedures for doing business", he said.

Indo-UK Institute of Health will be investing Rs2,700 crore, while Century Ply has shared plans of investing Rs2,100 crore.

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.

As a precursor to the main event, roadshows were organised at various domestic and worldwide locations to invite investors to the summit and also showcase the business potential and investment opportunities in the state.

Guwahati: While making a hard pitch for his government's economic policies and reforms, Prime Minister Narendra Modi on Saturday courted the Northeast by claiming that the north-eastern states' development is intrinsic to India's growth story. The state government led by Chief Minister Sonowal is looking tofurther improve its position to emerge as one of the most sought-after states for investment.

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.

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