Assam on the Brink of Economic Dominance: CM Sarma
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Synopsis
Assam's Chief Minister Himanta Biswa Sarma declared that the state is on its way to becoming India's next economic powerhouse during discussions with business leaders in Osaka, Japan. He emphasized infrastructure investments and invited global firms to explore opportunities in Assam's rapidly growing sectors.
Key Takeaways
- Assam's GSDP target: USD $143 billion by 2030.
- Investment summit: ‘Advantage Assam’ scheduled for February 2025.
- Infrastructure investment: USD $12 billion plan to attract global firms.
- Semiconductor collaboration: Potential partnership with Japanese firms.
- Food industry growth: Opportunities for investment in Assam’s food sector.
Guwahati, Jan 23 (NationPress) The Chief Minister of Assam, Himanta Biswa Sarma, announced that the state is on the verge of emerging as the next economic powerhouse in India during his discussions with business executives in Osaka, Japan on Thursday.
Currently, the Chief Minister is on a three-day trip to Japan aimed at showcasing the state’s potential as an investment hub.
In a post on X, Sarma noted, “Assam is on track to become India’s next economic powerhouse. Our USD $12 billion infrastructure investment strategy offers significant opportunities for international companies. We achieved a private investment of USD $4 billion in 2024, which is a record.”
He emphasized that the Japanese business sector is keen to invest in India, highlighting their deep respect for Prime Minister Narendra Modi.
“I was delighted to witness the enthusiasm among Japan’s business leaders for India and the immense respect for the leadership of the Hon’ble Prime Minister. On behalf of the people of Assam, I have invited Osaka’s dynamic business community to participate in #AdvantageAssam2,” Sarma stated, mentioning that the state government aims to elevate Assam’s GSDP to over 140 billion dollars within the next five years.
“In my discussions with more than 80 business leaders, I communicated our objective to increase Assam’s GSDP to USD $143 billion by 2030,” he shared on X.
Additionally, the Chief Minister expressed his enthusiasm for collaborating with a prominent Japanese company for a forthcoming semiconductor manufacturing facility in Assam.
He noted: “During my visit to the Micron Memory facility today, I met with Mr. Joshua Lee, the Vice President of the company, and invited them to engage in Assam’s semiconductor development. The electronic township in Jagiroad is on the verge of becoming a global semiconductor center, and companies like Micron, a leader in FAB technology, can significantly enhance our semiconductor value chain.”
Sarma also had a meeting with Lekh Raj Juneja, who received the Pravasi Bharatiya Samman this year from the Union government.
In his post on X, the Chief Minister said: “I had a very fruitful conversation with Shri Lekh Raj Juneja, CEO of Kameda Seika, and invited him to explore prospects in Assam's rapidly expanding food industry. The state already boasts a robust ecosystem for the industry, complete with specialized food parks and major companies actively operating.”
“We are eager to further this momentum with additional companies joining our efforts. I also congratulated Shri Juneja on receiving the Pravasi Bharatiya Samman Award 2025,” he added.
The Assam government plans to hold an investment summit, ‘Advantage Assam’, next month, with Prime Minister Narendra Modi slated to inaugurate the event. According to Chief Minister Himanta Biswa Sarma, this summit, scheduled for February 25 and 26, will also feature the traditional Jhumur dance of the tea tribe communities.
Sarma remarked, “This summit serves as a platform to showcase Assam's rich cultural heritage to a global audience, alongside attracting investors.”
A spectacular performance of the Jhumur dance, featuring more than 7,500 dancers and artists, will be a highlight of the event. It promises to be an extraordinary spectacle,” he concluded.
