Assam Chief Minister Engages with 160+ Japanese Industry Leaders in Tokyo
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Synopsis
On January 22, Chief Minister Himanta Biswa Sarma met over 160 Japanese business leaders in Tokyo, promoting Assam's economic growth and investment opportunities. This meeting is part of the Advantage Assam 2.0 Investment and Infrastructure Summit, aimed at strengthening ties between India and Japan.
Key Takeaways
- Assam's GDP increased from $29 billion to $68.7 billion.
- Strong annual growth rate of 12.4% since 2014.
- Focus on attracting Japanese investments.
- Single-window mechanism with $3.2 billion incentives.
- JETRO's role in enhancing trade relations.
Guwahati, Jan 22 (NationPress) On the inaugural day of the second phase of the global outreach program in Japan for the Advantage Assam 2.0 Investment and Infrastructure Summit, Chief Minister Himanta Biswa Sarma convened with more than 160 Japanese business leaders in Tokyo.
During this meeting, he shared tales of Assam's economic achievements and the business-friendly environment in the northeastern state, emphasizing its growing importance as a catalyst for enhancing the strong economic relationship between India and Japan.
Sarma, who is on a three-day visit to Japan following a successful tour of South Korea, aimed to attract Japanese industrialists and trade organizations. On Wednesday, he participated in a roadshow in Tokyo, where he showcased Assam’s economy, investment framework, and pro-business policies.
He noted that since 2014, Assam’s economy has been on a solid growth path.
The state's GDP has increased from $29 billion in 2013-14 to $68.7 billion in 2023-24, achieving an impressive annual growth rate of 12.4 percent, establishing Assam as a symbol of peace and development.
Sarma drew the attention of industrialists and potential investors to Assam’s positive and investor-friendly environment, stating that the single-window system offering $3.2 billion in production-linked incentives has positioned Assam as an attractive destination for investment.
He also mentioned that Assam has made significant advancements in securing large-scale investments in recent years.
The Chief Minister indicated that Japan represents a natural ally in Assam's quest for growth and prosperity.
Thus, the involvement of Japanese industrialists, investors, and entrepreneurs in the upcoming Advantage Assam 2.0 Investment and Infrastructure Summit would not only strengthen ties with Japan but also create a mutually beneficial business environment for both Assam and Japan.
CM Sarma underscored Assam's robust infrastructure, seamless connectivity, and vibrant academic landscape, positioning the state as a promising investment hub.
Reiterating Prime Minister Narendra Modi's unwavering support for Assam's aspirations to become a leading industrial state, Sarma highlighted the opportunities generated by the Act East Policy of the Central government in Assam.
Earlier on Wednesday, the CM conducted a crucial meeting with Kazuya Nakajo, Executive Vice President of the Japan External Trade Organisation (JETRO).
It’s noteworthy that JETRO plays a vital role in promoting trade between Japan and global enterprises.
Sarma sought JETRO’s expertise to enhance collaboration between Japan and Assam across trade, commerce, and industry to facilitate mutual growth.
His discussions with Nakajo centered on bolstering trade ties and leveraging JETRO’s expertise to foster collaboration between Assam and Japan in trade, commerce, and industry, paving the way for mutual prosperity.
