Assam to host its first global investors summit tomorrow

(Eds: Updating with more details)

By Achinta Borah

Guwahati, Feb 2 (PTI) Assam will host its first global investors summit from tomorrow to showcase its manufacturing opportunities and geostrategic advantages to foreign and domestic investors.

The Advantage Assam: Global Investors Summit 2018, which will be inaugurated by Prime Minister Narendra Modi, aims at highlighting Assams geostrategic advantages and core competencies in different sectors along with the policy initiatives taken by the state government.

"So far, 4,500 delegates have registered for participation that include representatives from 16 countries. Prime Minister of BhutanTshering Tobgay has already arrived while industrialists like MukeshAmbani and Ratan Tata are expected to attend the summit," Assam Chief Minister Sarbananda Sonowal told PTI.

The chief minister said the February 3-4 event will showcase the manufacturing prowess and theopportunities offered by Assam in terms of export-oriented manufacturingand services to growing economies such as the ASEAN and the Southeast Asian countries.

Sonowal said the prime ministers special focus for the developmentof the Northeast and his multiple initiatives for theregion will be the basis for the success of the summit.

Apart from the prime minister, several Union ministers including Nitin Gadkari, Suresh Prabhu, Ravi Shankar Prasad, Smriti Irani, Dharmendra Pradhan, Jitendra Singh, Kiren Rijiju, are expected to take part in the summit.

The state has identified a number of focus sectors, including agriculture and food processing, organic cultivation andbamboo, handloom, textile and handicrafts, inland water transport, port township and river front development and logistics.

Other focus areas include information technology and informationtechnology enabled services, pharmaceuticals and medicaldevices, plastics and petrochemicals, power, tourism, hospitalityand wellness, petroleum and natural gas and civil aviation.

Bangladesh Industry Minister Amir Hossain Amu, Cambodian Tourism Minister Thong Khon, Myanmar Commerce Minister Than Myint, Lao PDRs Vice Minister of Information Culture and Tourism Ounethoang Khaophanh are also likely to attend the event.

Ambassadors, High Commissioners and business delegations from 16 countries such as the USA, Vietnam, the UAE, the Netherlands, Nepal, Korea, Japan, Israel, Indonesia, Germany, Czech Republic and Canada are expected to attend the two-day event.

Dilip Shanghvi of the Sun Pharmaceuticals, Anand Burman of the Dabur, Subhash Chandra of the Essel Group along with a host of industrialists are also expected take part in the summit.

As a precursor to the main event, roadshows were organised at various domestic and international locations to inviteinvestors to the summit and also showcase the business potential and investment opportunities in the state.

Chief Ministers media advisor Hrishikesh Goswami said roadshowsheld in Delhi, Kolkata, Mumbai, Toronto, San Francisco, New York, Tokyo, Seoul and Singapore have generated very positive response from the investors.

"Very aptly, Indias Expressway to ASEAN has been chosen as the tagline of the summit," he said.

"The objective of the Summit is to position Assam as Indias Expressway to ASEAN. Advantage Assam will be the largest ever investment promotion and facilitation initiative by the Government of Assam," said the summits Nodal Officer A P Tiwari.

"Besides, the summit will showcase the opportunities offered by the state in terms of export-oriented manufacturing and services to ASEAN and BBN countries," Tiwari said.

"Assam has a unique advantage of being at a strategic geographic location with a strong connectivity network, making it an ideal destination for doing business with the ASEAN countries," Tiwari said.

Assam is no longer at the periphery but at the centre of the vast and vibrant economy of the Southeast Asian market, he said.

"Assam Government also understands the criticality of providing ease of doing businesses in order to gain attention from national and international investors," Tewari said. PTI ACB ESB ASK ASK