Assam Positioned as a Global Investment Hub Under 'Act East' Policy
Assam emerging as key hub of opportunity, attracting global interest: MEA
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Assam is becoming a key investment hub as part of India's 'Act East' policy, attracting global interest. The European Union delegation recently visited to explore collaboration with Northeast India, highlighting Assam's impressive growth rate of 45%, surpassing the national average of 29%.
- 01Sibi George, Secretary of the Ministry of External Affairs, emphasized Assam's unique appeal to global investors.
- 02The EU delegation's visit aimed to strengthen trade ties and investment opportunities in Northeast India.
- 03Assam's Chief Minister, Himanta Biswa Sarma, noted the state's economic growth rate of 45%, significantly above India's 29%.
- 04Sarma anticipates even greater growth momentum in Assam over the next five years.
- 05The engagement with the EU aligns with the India-EU Comprehensive Strategic Agenda launched earlier this year.
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Assam is emerging as a vital hub for investment, driven by India's 'Act East' policy, according to Sibi George, Secretary of the Ministry of External Affairs. The state is attracting global interest, particularly from investors and companies looking to capitalize on its unique offerings. A recent visit by a high-level European Union delegation to Guwahati aimed to explore collaboration opportunities across Northeast India, including Assam. During this visit, Assam's Chief Minister Himanta Biswa Sarma highlighted the state's impressive economic growth rate of 45%, which exceeds India's national growth rate of 29%. This growth is seen as a strong indicator for potential investors. Sarma expressed optimism about the state's economic trajectory, suggesting that the next five years will see even greater momentum. The discussions with the EU delegation are part of broader efforts to enhance trade relations and investment opportunities, aligning with the India-EU Comprehensive Strategic Agenda initiated earlier this year.
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Assam's economic growth is likely to attract more investments, boosting local industries and job creation.
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