Assam is hosting its first global investors summit in Guwahati to showcase its manufacturing opportunities and geo-strategic advantages to foreign and domestic investors.
‘Advantage Assam: Global Investors Summit 2018′, inaugurated by Prime Minister Narendra Modi on Saturday afternoon, aims at highlighting Assam’s geostrategic advantages and core competencies in different sectors along with the policy initiatives taken by the state government.
4,500 delegates are attending the summit that include representatives from 16 countries.
Bhutanese Prime Minister Tshering Tobgay along with industrialists Mukesh Ambani and Ratan Tata are some of the high-profile speakers at the event.
A day before the event, Assam chief minister Sarbananda Sonowal said the two-day event will showcase the manufacturing prowess and the opportunities offered by Assam in terms of export-oriented manufacturing and services to growing economies such as the ASEAN and the Southeast Asian countries.
Sonowal said the prime minister’s special focus for the development of the Northeast and his multiple initiatives for the region will be the basis for the success of the summit.
Apart from the prime minister, several Union ministers including Nitin Gadkari, Suresh Prabhu, Ravi Shankar Prasad, Smriti Irani, Dharmendra Pradhan, Jitendra Singh, Kiren Rijiju, are expected to take part in the summit.
The state has identified a number of focus sectors, including agriculture and food processing, organic cultivation and bamboo, handloom, textile and handicrafts, inland water transport, port township and river front development and logistics.
Other focus areas include information technology and IT-enabled services, pharmaceuticals and medical devices, plastics and petrochemicals, power, tourism, hospitality and wellness, petroleum and natural gas and civil aviation.
Bangladesh Industry Minister Amir Hossain Amu, Cambodian Tourism Minister Thong Khon, Myanmar Commerce Minister Than Myint, Lao PDR’s Vice Minister of Information Culture and Tourism Ounethoang Khaophanh are also attending the event.
Ambassadors, High Commissioners and business delegations from 16 countries such as the USA, Vietnam, the UAE, the Netherlands, Nepal, Korea, Japan, Israel, Indonesia, Germany, Czech Republic and Canada are expected to attend the two-day event.
Dilip Shanghvi of the Sun Pharmaceuticals, Anand Burman of the Dabur, Subhash Chandra of the Essel Group along with a host of industrialists are also expected take part in the summit.
“The objective of the Summit is to position Assam as India’s Expressway to ASEAN. Advantage Assam will be the largest ever investment promotion and facilitation initiative by the Government of Assam,” said the summit’s Nodal Officer A P Tiwari.
(With inputs from agencies)