Key Points
Advantage Assam 2.0 summit attracts massive investments
Semiconductor and electronics park named after Ratan Tata
State aims to become developed industrial hub
Chief Minister Himanta Biswa Sarma said on Tuesday: "In a cabinet meeting here today, the #AssamCabinet has expressed its sincere gratitude to Hon'ble Prime Minister Shri @narendramodi Ji for his extraordinary efforts to promote our state as an investment destination during #AdvantageAssam2. We have also finalised a mechanism to scrutinise the MoUs signed."
The recently held investment summit-Advantage Assam 2.0, has attracted investments worth at least Rs 4.5 lakh crore.
"Sectors like hydrocarbons, which is our forte, and mines and minerals have attracted the most investment. We are now focusing on making Assam a developed industrial state like it was in 1947. Assam was the first industrial state of the country," Sarma earlier said.
According to him, the success of the summit highlights Assam's growing potential as an investment hub.
"With its abundant natural resources, strategic geographic location, and progressive policies, the state has been steadily working towards establishing itself as a key player in India's industrial landscape. The massive investment influx is expected to boost employment opportunities, infrastructure development, and overall economic growth in the region," Sarma stated.
Meanwhile, the state cabinet also decided to set up Ratan Tata Electronics City in Jagiroad.
The Cheif Minister mentioned: "In recognition of the unparalleled contribution of the Tata Group and its Chairman Emeritus, Late Shri Ratan Naval Tata (the first Assam Vaibhav awardee) himself, Cabinet has approved the naming of the entire area covered by Assam Semiconductor & Electronics Logistics Park (ASELP), Jagiroad Tata OSAT center, proposed township with the social Infrastructure, as Ratan Tata Electronics City (RTEC), Jagiroad."
Sarma noted that the semiconductor plants in Gujarat and Assam, alongside upcoming projects in quantum physics and artificial intelligence, would be developed in India.
He stressed that India would provide the skilled workforce needed in these sectors, not only for the nation but also for global demands.
"To prepare for this, I urge the need to equip India's youth with the necessary skills. The semiconductor project at Jagiroad is progressing rapidly, with production expected to begin by the end of the year," he said.
