Assam is actively promoting itself as a prime investment destination on the global stage, with Chief Minister Himanta Biswa Sarma highlighting the state's economic growth at the World Economic Forum (WEF) in Davos. Sarma emphasized that Assam has become India's fastest-growing state, citing recent data from the Reserve Bank of India (RBI). The Chief Minister is the first from Assam to participate in the WEF, which underscores the state's growing global economic outreach.
Sarma, speaking at Davos, conveyed Assam's message as an emerging state and economy, inviting global investors to consider Assam as an investment destination. He pointed out that the International Monetary Fund (IMF) has revised India's growth projection to over 7 percent, creating opportunities for investment in previously untapped regions such as Assam. He stated that Assam can provide a solid platform for investment, particularly as investors seek new opportunities within India’s expanding economy.
Assam's participation in the WEF signals its readiness to compete with more established Indian states for foreign direct investment and global business partnerships. Sarma highlighted Assam's governance reforms, industrial expansion, and focus on technology-driven and inclusive development. The Chief Minister is expected to hold over 17 high-level meetings and sign several memorandums of understanding during the summit. Discussions will include building a future-ready workforce, travel and tourism, health and healthcare, and emerging industries.
Assam's strong pitch to global investors follows the Advantage Assam 2.0 Investment and Infrastructure Summit, where memoranda of understanding worth around ₹5 lakh crore were signed. Investments amounting to almost ₹3 lakh crore have already been grounded, with land allocated and projects underway. New proposals are emerging, including solar plants and Palm Storage Projects. Companies that initially came to set up solar plants are now proposing pumped storage projects as well. The state government expects to sign MoUs worth close to ₹1 lakh crore at Davos, with a focus on green and new energy sectors, including pumped storage and bamboo-to-methanol projects. Discussions are also underway with leaders from the semiconductor industry, supported by Tata's growing presence in Assam.
Sarma highlighted that Assam's growth is driven by sustained reforms and infrastructure expansion. Assam is positioning itself as a prime destination for green energy, semiconductors, and tourism investment. The state government aims to rebrand Assam as an emerging economic hub.
