Investment Summit Assam 2025: A Game-Changing Opportunity for Growth
Assam Chief Minister Himanta Biswa Sarma has made a strong pitch to banks to shed their apprehensions and fund more projects in the state. Speaking at a press conference ahead of the investment summit scheduled for February, Sarma emphasized the need for banks to break free from their past perceptions and view Assam as a viable investment destination. “We have to prepare banks to fund projects in Assam. Sometimes, people become prisoners of their past experiences, but it’s crucial to fight this perception battle,” he said.
How Investment Summit Assam 2025 Will Attract Global Investors
Sarma’s comments come as the state prepares to host a major investment summit aimed at attracting businesses and investments to Assam. The chief minister highlighted the state’s political stability, excellent law and order conditions, and fiscal strength as major draws for investors. He also emphasized the importance of creating jobs and opportunities for the local population, rather than relying on cheap labor from outside the state. “We want to ensure that the growth is inclusive, with opportunities created for the local workforce to thrive,” Sarma noted.
The chief minister stressed the need for a shift in the mindset of financial institutions, urging them to take a more positive view of Assam’s potential. “We need to overcome the historical perceptions and move towards a future where Assam is seen as a place for business growth,” he added. His appeal is aimed at motivating banks and financial institutions to support emerging projects, especially in sectors that can lead to long-term sustainable growth.
Initiatives Supporting Investment Summit Assam 2025
In a significant development, the Assam government has launched the Assam Microfinance Incentive and Relief Scheme (AMFIRS) to empower microfinance borrowers across the state. The scheme aims to ease financial stress and provide crucial support to borrowers with limited repayment capacity. The initiative is seen as an essential step toward supporting the state’s rural economy and providing much-needed relief to vulnerable groups. However, the government faces a challenge in identifying and locating borrowers eligible for the scheme.
Last year, the government attempted to provide no-dues certificates to 150,000 borrowers, but microfinance institutions (MFIs) were unable to track down 75,000 of them. Sarma has urged MFIs to take proactive steps to identify and locate these borrowers, so that they can receive the remaining payments under the scheme. “It’s essential to ensure that the benefits reach every eligible borrower. We cannot let any person be left out from this relief,” Sarma said.
Additionally, Sarma has urged banks to take a more positive stance toward lending for projects in Assam, without being deterred by adverse perceptions. “When the government works with strength on investments, all comes around,” he remarked, emphasizing that once the financial sector commits to supporting projects in Assam, it will help boost investor confidence. His appeal comes at a time when the state is focusing on enhancing the ease of doing business and creating a supportive infrastructure for potential investors.
In a separate development, Sarma has exhorted industrialists not to hire illegal Bangladeshi migrants in their units, citing the need to “strike at the roots” of the illegal migration problem. He emphasized the importance of creating jobs and opportunities for local workers, rather than relying on cheap labor from outside the state. Sarma’s comments come amid growing concerns about illegal migration, which he argues undermines the state’s labor market. “The focus should be on empowering Assam’s youth with skills and employment, not on exploiting labor from elsewhere,” he said.
The chief minister’s remarks coincide with Assam’s efforts to attract investments in defense production and repair, capitalizing on the state’s strategic location near the North Eastern theater. By promoting defense-related businesses, the state aims to enhance its industrial base and generate employment for local workers.
The upcoming investment summit in February is expected to highlight Assam’s potential as a key investment destination. The state government has been working to create a favorable business environment, focusing on infrastructure development, skill development, and ease of doing business. With its rich natural resources, strategic location, and skilled workforce, Assam is poised to emerge as a significant investment hub in the region.
As the state gears up to host the investment summit, Sarma’s comments are seen as a boost to the ongoing efforts to attract businesses and investments to Assam. By emphasizing the state’s strengths and addressing investor concerns, the chief minister aims to create a positive narrative around Assam’s investment potential. With the right policies in place, Assam is set to become a major player in the region’s economic growth story.
In conclusion, Assam Chief Minister Himanta Biswa Sarma’s push for banks to fund more projects in the state is a pivotal development, positioning Assam as an attractive investment destination. As the state prepares for the investment summit, Sarma’s efforts to address investor concerns and highlight Assam’s strengths could position the state as a key player in the region’s economic growth. With a focus on local employment, infrastructure, and business-friendly policies, Assam is ready to become a beacon of investment in the region.
