Prime Minister Narendra Modi inaugurated the Global Investors Summit in Guwahati in Assam on Saturday. The two-day summit hosted by Assam looks to showcase showcase the manufacturing prowess and the opportunities offered by Assam to domestic and foreign investors.
4,500 delegates are attending the summit that include representatives from 16 countries.
Apart from PM Modi, Bhutanese Prime Minister Tshering Tobgay and industrialists Mukesh Ambani and Ratan Tata are some of the high-profile speakers at the event.
Speaking at the event, PM Modi said India’s growth story would gain further momentum only when there was an all-round development of the North-east and its people.
“We have created the Act East Policy and the Northeast is at the heart of it. The Act East Policy requires increased people to people contact, trade ties and other relations with countries on India’s east, particularly ASEAN countries,” said the Prime Minister.
He further stated that the tagline of the summit “Advantage Assam: India’s Express way to ASEAN” was not just a statement but a comprehensive vision.
“The Union government has taken up many path breaking economic reforms in last three-and-a-half years, which have simplified procedures for doing business,” he said.
The Prime Minister stressed that his government had undertaken many path breaking economic reforms, making the country the most preferred investment destination with the highest FDI in last fiscal at USD 60 billion. He also added that his government sped up the functioning of the official machinery in the country.
“We want all programmes to be completed before target,” he said.
Talking about the recent announcements in the budget, he said 45-50 crore people will benefit from the health insurance scheme Ayushman Bharat and it has enhanced the possibilities of setting up hospitals in tier II and III cities by hospital chains.
Chairman of Reliance Industries, Mukesh Ambani announced an investment of Rs 2,500 crore in Assam in various sectors, including retail, petroleum, telecom, tourism and sports. He said the investment will create at least 80,000 jobs.
“Today I am happy to announce five commitments for Assam over the next three years. Reliance will invest an additional Rs 2,500 crore to augment its presence in this market,” Ambani said at the inaugural event.
(With inputs from agencies)