Assam’s economy is rapidly evolving, drawing investment proposals exceeding Rs 5 lakh crore, making it a key hub for industry and innovation. State BJP chief Dilip Saikia highlighted this transformation during a pre-Budget consultation, emphasizing the state’s significant progress under Chief Minister Himanta Biswa Sarma’s leadership. Assam’s development over the past decade showcases sustained growth and enhanced economic opportunities, aligning with Prime Minister Narendra Modi’s vision for a developed India.
State Finance Minister Jayanta Mallabaruah, in his keynote address, emphasized the government’s commitment to formulating a people-centric and growth-oriented Budget. He praised the improved execution of budgetary allocations, nearing 90%, and emphasized the government’s focus on maximizing public expenditure effectively. Mallabaruah also noted the heightened attention Assam receives from the Centre, citing PM Modi’s frequent visits as a testament to the state’s rising strategic significance.
Assam’s investment landscape has evolved significantly, with the state now attracting investment proposals surpassing Rs 5 lakh crore. Mallabaruah highlighted the growth of a semiconductor manufacturing ecosystem, with plans for two additional semiconductor units, bolstering Assam’s position in advanced manufacturing. Suggestions during the consultation included greater support for the MSME sector, promotion of “Make in Assam,” utilization of bamboo and cane products in government projects, improved university infrastructure, and insurance aid for small poultry farmers.
The event, attended by Cabinet ministers, MPs, financial institution representatives, business leaders, educators, sports administrators, and industry stakeholders, showcased the diverse participation from across Assam.
