PM Modi at Advantage Assam 2.0: ‘State’s economy doubled to ₹6 lakh crore during BJP rule’

Prime Minister Narendra Modi inaugurated the Advantage Assam 2.0 Investment and Infrastructure Summit 2025 in Guwahati on Tuesday (February 25, 2025), and said that the value of the State’s economy doubled to ₹6 lakh crore during the BJP’s rule.

Addressing the business summit in Guhawati, the Prime Minister asserted that Assam will soon become manufacturing hub for the Northeast. “Assam turning into destination for start-up units. Assam is a land of limitless opportunities, with peace accords and resolved border disputes,” the Prime Minister said.

Assam Governor Laxman Prasad Acharya and Chief Minister Himanta Biswa Sarma were also present on the occasion.

Ambassadors of 61 countries were also present on the occasion along with representatives of high-level business delegations from partner countries such as Bhutan, Thailand, Singapore, South Korea, Malaysia, Indonesia and Japan.

He further said, “Assam’s natural resources, strategic location as gateway to South East Asia made it preferred destination for investors.” PM Modi also asserted that the value of Assam’s economy has doubled to ₹6 lakh crore during the BJP rule, and this is an effect of the ‘double-engine’ government.

”Advantage Assam is a mega campaign to connect the entire world with the potential and progress of Assam. History is witness that even earlier Eastern India had a huge role in the prosperity of India. Today, when India is moving towards development, once again our North East is going to show its strength,” he added.

Also, announcing significant investments, Reliance and Adani group each announced ₹50,000 crore investments in Assam.

The hope for India’s growth is primarily due to the youth who are getting skilled, the PM said.

“There is also hope in the new middle class, which has come out of poverty and has new aspirations that will take the country ahead in the path of development,” he added.

PM Modi also highlighted that a combination of institutional reform, industry, infrastructure and innovation is the basis of India’s progress.

“In the last decade, many peace accords have been signed and long pending border-related issues have been resolved. Every region of Assam, every citizen, every youth is working day and night for the development of the state. We have worked continuously for ease of doing business, and we have created a complete ecosystem to promote industry and innovation culture,” PM Modi noted.

On the second day of the summit, Union Ministers Ashwini Vaishnaw, Hardeep Singh Puri, Sarbananda Sonowal and Piyush Goyal will be present, while Nitin Gadkari will address a session virtually.

Mr. Vaishnaw will address the session on 'Advancing semiconductor horizons', Mr. Puri on Hydrocarbons, and Mr. Goyal on export promotion, while Mr. Gadkari, Mr. Vaishnaw and Mr. Sonowal will address the session on road transport, railways and shipping respectively.

The other thematic sessions on Wednesday (February 26, 2025) will include agarwood processing and value addition, startup ecosystem, renewable energy, bamboo green potential, aerospace and defence manufacturing, space and geospatial, multilateral development bank financing to unlock private investment and real estate and urban infrastructure.

Union Finance Minister Nirmala Sitharaman will address the valedictory session of the summit on Wednesday, February 26, 2025.

The Chief Minister had earlier said that the summit was expected to bring in investment proposals of over ₹120 lakh crore and several important memoranda of understanding (MoUs) were expected to be signed during the two days.

(With inputs from PTI)