Assam CM attends global outreach investment roadshow in Seoul, invites investors for Advantage Assam 2.0

ANI January 21, 2025 277 views

Assam's Chief Minister is on a mission to attract global investors, particularly from South Korea, by highlighting the state's incredible potential. During a roadshow in Seoul, he emphasized Assam's strategic location, investor-friendly policies, and exciting opportunities in sectors like semiconductors and automotive manufacturing. The upcoming Advantage Assam 2.0 Summit is set to be a game-changing platform for international business collaboration. With UNESCO World Heritage Sites and proximity to Southeast Asian markets, Assam is positioning itself as a compelling investment destination.

"Assam enjoys special policy benefits, making it an ideal investment destination in India." - Himanta Biswa Sarma
Dispur, January 21: As part of global outreach initiatives for the upcoming Advantage Assam 2.0 Investment and Infrastructure Summit, Assam Chief Minister Himanta Biswa Sarma invited South Korean industrialists to the marquee event in Guwahati on February 25-26.

Key Points

1

Showcasing Assam's strategic location for international business opportunities

2

Promoting semiconductor and automotive manufacturing ecosystem

3

Highlighting tourism and infrastructure investment potential

4

Leveraging Act East Policy for regional economic growth

Speaking at an investment roadshow organized by the Indian Chamber of Commerce in Seoul, Sarma underscored Assam's strategic and locational advantages as key attractions for foreign investment.

Highlighting the significance of the Central government's support under Prime Minister Narendra Modi's leadership, the Chief Minister said Assam enjoys special policy benefits, making it an ideal investment destination in India. Referring to the Act East Policy, CM Sarma noted that the initiative aims to position Assam as a gateway for enhancing India's relations with Southeast and East Asian countries.

During the roadshow, Sarma interacted with over 140 business leaders and praised the enthusiasm of the Korean business community. He expressed confidence in Assam's potential to offer mutually beneficial opportunities for South Korea, emphasizing the state's investor-friendly policies and its growing prominence as a business hub.

The Chief Minister also elaborated on Assam's tourism potential, citing the state's three UNESCO World Heritage Sites, sprawling tea gardens, and scenic resorts as prime attractions. These features, he said, position Assam as a key destination for leisure and investment.

In a meeting with Kyungsung Kang, President of the Korea Trade Investment Promotion Agency (KOTRA), CM Sarma discussed avenues for collaboration in trade, commerce, and industry. He highlighted Assam's plans to establish a full-fledged semiconductor ecosystem to complement the upcoming OSAT (Outsourced Semiconductor Assembly and Test) facility in Jagiroad.

Later, the Chief Minister met with CEOs from South Korea's automobile ancillary firms, offering government support to develop a manufacturing ecosystem in Assam. He pointed out the state's easy access to India's $100 billion automobile industry and markets in Southeast Asia, presenting unparalleled growth opportunities.

The Advantage Assam 2.0 Summit is expected to act as a knowledge-sharing platform for industrialists and entrepreneurs, fostering partnerships to boost trade, skill development, and industrial growth in the region.

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