'Assam is future growth engine': Minister Ashok Singhal at investment summit

Assam is positioning itself as a major player in India’s economic growth, attracting both domestic and international investors, said Assam Minister Ashok Singhal at the ongoing Advantage Assam 2.0 summit on February 26.

 

Speaking on the state’s growing investment potential, Singhal emphasized that Assam has become a focal point for global investors. “There are few take-homes today with this advantage. Assam Investment Summit, number one. Assam is also a favoured destination for investment, that is number two. Not only Indian investors, but foreign investors are also interested. That means Assam is a focal point for global investment,” he stated.

 

The minister refrained from discussing the number of Memorandums of Understanding (MoUs) signed but highlighted the growing confidence within the business community. “My concern is first, that there is an understanding in the investing community, in the business community, that Assam is a future growth engine. Once people believe that Assam is the future growth engine, everybody wants to be part of it. This time if 100 people have come, more are inquiring,” he added.

 

Singhal underlined the importance of creating a strong investment ecosystem, which he believes will lead to sustained growth. “Let the ecosystem be in place. When the ecosystem is in place, things will start happening, and it will go into autopilot mode. So wait for some time, let things mature. But I’m very hopeful with the kind of people coming in, the kind of people making inquiries. We are at a take-off stage. Sky is the limit,” he remarked.

 

The summit has attracted significant attention, with as many as 60 heads of missions and ambassadors attending, marking a milestone for Assam’s investment landscape. “A lot of things are happening for the first time. That is why I say that Assam is the future growth engine of India and a favoured destination,” Singhal concluded.

 

The event is expected to witness participation from several Union ministers, further cementing Assam’s position as a key investment destination in India’s economic roadmap.