Assam CM Highlights State's Growth and Investment Initiatives
ECONOMY & POLICY

Assam CM Highlights State's Growth and Investment Initiatives

Assam Chief Minister Himanta Biswa Sarma has outlined his government’s efforts to unlock the state’s potential through inclusive and sustainable development. Speaking to journalists, Sarma highlighted the strides made in 2024, focusing on industrial growth, socio-economic progress, and job creation.

The state government plans to host the ‘Advantage Assam’ conclave in February, inaugurated by Prime Minister Narendra Modi. The event aims to foster an innovation-friendly ecosystem, streamline bureaucratic processes, and attract investments across manufacturing, IT, renewable energy, and tourism sectors. Roadshows in Bhutan, the UAE, the UK, Malaysia, Thailand, South Korea, Japan, and Singapore are also planned to position Assam as a global investment destination.

Sarma noted the year’s milestones, including the Rs 270 billion Tata semiconductor facility at Jagiroad, foundation-laying by the Prime Minister. Under the Chief Minister's Atmanirbhar Asom Abhijan, one lakh start-up ideas received seed funding and mentorship. Additionally, over one lakh individuals secured government jobs through a transparent recruitment process.

To strengthen governance, 39 co-districts were created, eliminating the need for new districts. Women’s empowerment programmes saw significant success: 37 lakh women benefited under the Orunodoi scheme, 10 lakh girls received educational grants via the ‘Nijut Molina’ scheme, and 39 lakh women gained support through the ‘Mukhya Mantri Mahila Udyamita Abhiyan’.

Crime rates have reportedly dropped by 65 per cent, with improved forensic capabilities increasing conviction rates by 270 per cent. The government is targeting the elimination of child marriage by 2026, supported by stronger policing and legal reforms.

Flood relief measures in 2024 included Rs 3.5 billion in direct transfers to 6.8 lakh affected individuals. These efforts underscore Assam's commitment to fostering growth, empowering citizens, and attracting investments on a global scale.

Assam Chief Minister Himanta Biswa Sarma has outlined his government’s efforts to unlock the state’s potential through inclusive and sustainable development. Speaking to journalists, Sarma highlighted the strides made in 2024, focusing on industrial growth, socio-economic progress, and job creation. The state government plans to host the ‘Advantage Assam’ conclave in February, inaugurated by Prime Minister Narendra Modi. The event aims to foster an innovation-friendly ecosystem, streamline bureaucratic processes, and attract investments across manufacturing, IT, renewable energy, and tourism sectors. Roadshows in Bhutan, the UAE, the UK, Malaysia, Thailand, South Korea, Japan, and Singapore are also planned to position Assam as a global investment destination. Sarma noted the year’s milestones, including the Rs 270 billion Tata semiconductor facility at Jagiroad, foundation-laying by the Prime Minister. Under the Chief Minister's Atmanirbhar Asom Abhijan, one lakh start-up ideas received seed funding and mentorship. Additionally, over one lakh individuals secured government jobs through a transparent recruitment process. To strengthen governance, 39 co-districts were created, eliminating the need for new districts. Women’s empowerment programmes saw significant success: 37 lakh women benefited under the Orunodoi scheme, 10 lakh girls received educational grants via the ‘Nijut Molina’ scheme, and 39 lakh women gained support through the ‘Mukhya Mantri Mahila Udyamita Abhiyan’. Crime rates have reportedly dropped by 65 per cent, with improved forensic capabilities increasing conviction rates by 270 per cent. The government is targeting the elimination of child marriage by 2026, supported by stronger policing and legal reforms. Flood relief measures in 2024 included Rs 3.5 billion in direct transfers to 6.8 lakh affected individuals. These efforts underscore Assam's commitment to fostering growth, empowering citizens, and attracting investments on a global scale.

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States’ share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?