The state of Assam is showing way to rest of the North Eastern states by attracting massive investment from private companies by organizing Global Investors’ Summit. The ongoing Summit saw signing of as many as 176 initial pacts in a range of sectors with investment commitments worth Rs 651.86 billion. Oil PSUs like ONGC, Oil India Limited along with industry giants like Reliance, Bharti Airtel, Tata, etc has promised massive investment in coming year.
The Assam government identified 12 focus sectors for the summit, including agriculture and food processing, handloom- textile-handicrafts, logistics, river transport-port Township, IT-ITeS, pharmaceutical-medical equipment, plastics- petrochemicals and power. Major players from all these sectors participated in the summit and assured to invest in Assam. The Global Investors’ Summit has been a game changer for Assam and it will take state to another new level. The government of Assam deserves round of applause for organizing such kind of innovative summit to woo the investors. They rolled out red carpet for the corporate giants who happily accepted it. Other NE states should take a cue from Assam and take similar steps to woo the private investment. Till now the potential of region has not been fully tapped. It’s time to look for private investment and end dependency on central grants.