Monday, 24 September, 2018

PM Narendra Modi Inaugrates Advantage Assam Global Investors Summit 2018

PM Modi inaugurates Advantage Assam Summit in Guwahati Assam Summit is a boost to northeast, says, Jitendra Singh
Faye Gross | 04 February, 2018, 01:36

Prime Minister Narendra Modi said on Saturday that the progress of northeastern India was "at the heart" of the country's Act East policy, which focuses on strengthening ties with Association of Southeast Asian Nations. The prime minister said due to economic reforms, India is today the most preferred investment destination in the world with the highest FDI in last fiscal at Dollars 60 billion, and highlighted the country's improved credit rating, low inflation rate and opening of various sectors to foreign direct investment.

"For realising the potential of Assam, Advantage Assam is our honest efforts to turn the State into a prime hub of economic activity and to explore all possibilities with Southeast Asia by reviving our age-old links with the region, said Sonwal". He said, Government wants all programmes to be completed ahead of target as it is committed to bring qualitative change in the lives of common people.

Terming eight North Eastern states as ' Astalaxmi ' of the country, Prime Minister Narendra Modi today iterated that the region could well turn out to be new engine of growth for new India.

Ghai said he placed before the chief minister the need to transform Assam into a technically efficient state.

NY to remove highway signs after feds threaten to pull $14M
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The Prime Minister said, Government is restructuring the National Bamboo Mission with an amount of Rs. 1300 crore. Asking investors to avail the improved investment environment in India, Mr Modi said that Guwahati is being developed into a Smart City. "Guwahati will soon have a world class airport terminal", he said. "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.

According to the MoU, Tata Trust will invest Rs 800 crore and Assam government will fund Rs 1,000 crore in the joint venture company to develop the three levels of cancer care across the state. "When the Agartala (Tripura)-Akhaura (Bangladesh) railway connectivity becomes a reality in the near future, the whole region will be benefited", said Modi. The construction of 15 new rail lines is underway.

He said the Government of Assam is fully geared up for its first maiden Global Investors' Summit.

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