About Advantage assam
Advantage Assam: Unlocking the Potential of India's Northeast
Advantage Assam is a pioneering initiative by the Government of Assam to promote investment and facilitate economic growth in one of India's most promising regions. The state of Assam, located in the northeastern part of India, has long been known for its rich natural resources, diverse culture, and strategic location at the crossroads of South Asia and Southeast Asia. However, despite its immense potential, Assam has remained largely untapped due to various historical and geographical factors.
With Advantage Assam, the government aims to change this narrative by showcasing the unique advantages that Assam offers to investors from around the world. The Global Investors' Summit held on 03-04 February 2018 was a major milestone in this journey towards unlocking the potential of India's Northeast.
The summit brought together over 3,000 delegates from more than 20 countries across sectors such as agriculture and food processing, tourism and hospitality, healthcare and pharmaceuticals, energy and power generation, infrastructure development among others. The event provided an excellent platform for investors to interact with policymakers from both central as well as state governments.
One key advantage that sets Assam apart from other states in India is its abundant natural resources. With fertile soil suitable for growing a wide range of crops such as tea (Assam produces over half of India's tea), jute (Assam accounts for nearly one-third of India's jute production), rice (Assamese rice varieties are renowned for their aroma), fruits (such as oranges) among others; it is no surprise that agriculture remains a major contributor to the state's economy.
In addition to agriculture-based industries like food processing which have huge potential given rising demand both domestically as well as globally; there are also opportunities in sectors like tourism which can leverage on Assams' rich cultural heritage including ancient temples like Kamakhya Temple or wildlife sanctuaries like Kaziranga National Park which is home to the one-horned rhinoceros.
Another key advantage of Assam is its strategic location. The state shares borders with Bhutan, Bangladesh, and Myanmar; making it a gateway to Southeast Asia. With the recent opening up of land routes through Myanmar and Thailand under India's 'Act East' policy; Assam has become even more important as a hub for trade and commerce.
The government has also taken several steps to improve infrastructure in the state including upgrading airports like Guwahati airport which now has direct flights to major cities like Bangkok, Singapore, and Kathmandu among others. The state also boasts of several ports along the Brahmaputra river which can be used for transportation of goods both within India as well as internationally.
Advantage Assam is not just about attracting foreign investment but also about promoting entrepreneurship among local youth. The government has launched several schemes such as Start-up Assam which provides funding and mentorship support to budding entrepreneurs in sectors like IT/ITES, tourism/hospitality, agriculture/horticulture among others.
In conclusion, Advantage Assam represents a unique opportunity for investors looking to tap into one of India's most promising regions. With its abundant natural resources, strategic location at the crossroads of South Asia and Southeast Asia; coupled with proactive policies by the government aimed at promoting investment and entrepreneurship - there has never been a better time to invest in Assam!