doctor K.K. Dwivedi, IAS, Chief Secretary, Department of Industries and Commerce, Government of Assam


A silent but rapid financial revolution has been headquartered in Assam, the territory of gloomy hills green Mountains, varied cultural communities and also the mighty Brahmaputra. Steeped in rich heritage, history and culture and comprehension, Assam has long appeared while the tea capital of India. Today, it’s drawing its niche being a property destination from the nation.

Assam: India’s Expressway into ASEAN!

Backed with way of a tactical location and also an insistent urge for transformation, Assam will be the biggest market in the northeast. With the execution of business-friendly coverages and implementation, the yearly average increase rate when it comes to GSDP throughout the span 2015 16 to 2019 20 is 13.6 percent, significantly greater than the national growth rate. Assam’s proximity to countries including Bangladesh, Bhutan, Nepal, Myanmar as well as other ASEAN markets places their country within a one of a kind geostrategic locational benefit.

Initiatives like ASEAN tri-lateral Highway,” indobangla proto-col Routes,” UDAN international strategy, dredging the river Brahmaputra are focused on improving connectivity to north-east for example Assam.

Assam appreciates the locational benefit of accessing not really an industry size of 4.5 crore users of northeast but in addition the 2-4 crore users from the four states of Bangladesh, Bhutan, Nepal and Myanmar.

Modeling led expansion!

Steering their country within an industry-friendly systemthat lots of industrial infrastructure centers have been developed. India’s very first multi-modal logistics playground under Bharatmala has been constructed over the river Brahmaputra in Jogighopa while some similar logistics park was proposed in Barak Valley. The perishable air cargo complex in Guwahati Airport has given much-needed impetus about exports of fresh produce from the Condition. Assam start up Incubation Hub at Guwahati were only available in 20-19 has already given incubation service to over 100 startups in Assam. Modernisation of Border Trading Centres in Sutarkandi and Darranga has enhanced Assam’s commerce with Bangladesh and Bhutan significantly. Sectoral infrastructures such as mega food park, vinyl park, bamboo park and different industrial infrastructure projects since the Agar International Trade center at Golaghat and Tea Park nearby Chaygaon are steadily and gradually changing the financial landscape of Assam.

Fuelling Assam’s development!

Assam’s attempts to target to get a gas-based market in welcoming the newest wave of industrialization. Barauni into Guwahati gas pipeline is likely to be completed from November 2021. Expansion of Numaligarh Refinery from 3 to 9 Million Tons per Year using a 1400 Km Crude Oil Pipeline in Paradip Port into Numaligarh is currently evaporating.

Policies incentives!

Condition has policies which are entrepreneur favorable and promote investment. One of the main coverages available to Aid investors are North-east Industrial Advancement Scheme, Industrial and Investment Policy of Assam 20-19 and Export and also Logistic Policy of Assam, 20-19. The 3 coverages together possess the capability to supply the right stimulation for businesses to flourish.

Assam is available for business!

to help produce the establishment and functioning of MSMEs easier, Assam has now commissioned the Assam MSME (Facilitation of Organization and Operation) Act,” 20 20. This Act Is a Enormous game-changer and assist to Help Ease to Do Business at Assam. Under the Act, MSMEs could be created without experiencing any NOC/Permission/Clearance (except Fire & Electricity) and operate for three decades. After three decades of surgery, the organization is going to need to get the NOC/Permission/Clearance over the subsequent six weeks.

Additionally, a lot of different policies such as Assam Agarwood Promotion Policy, both 20 20 and Assam Cane and Bamboo Policy, 20-19 are invented by the Government of Assam being part of their distinctive initiative to promote businesses in their united states.

Having a solid resource base of walnut, tea, natural gas, propane, several selections of banana, spices, agar and lots of more, their country is currently keeping track of exports also it has created a Perishable Air Cargo Complex at Borjhar with incorporated cold-storage. Their country has managed to export local horticulture produce to UAE, Gulf states, Singapore, etc..

India’s first multi-modal Logistic Park (MMLP) in Jogighopa, Bongaigaon assembled in a project cost of almost Rs 694 crores is envisaged to enhance logistics efficiency and also ease the National and also Export-Import Trade at the area. The playground will soon be well linked to road/rail/waterway network hence ensuring smooth movement.

To encourage both the industrial infrastructure and desire of this business sector a pool of skilled and talented work force is offered from their nation by IIT, CIPET, medical colleges, skill faculty and fundamental universities and associations and Assam is strengthening the skilling and educational infrastructure.

The country has over 66,000 businesses with 88 percent of exactly the exact same constituting micro businesses. Industries at Assam contribute 39 percent to their country’s GSDP and offer direct employment for approximately four lakh persons and indirect employment to approximately 20 lakh people.

The country has drawn private and public industry investments of more than 52,000 crores at which the people business investments would be on the tune of almost Rs 44,600 crores. Over R S 7,800 crores are private business investments in the industrial sector too and their nation has just coordinated a cutting edge summit to felicitate brand new investors. While oil and gas, air travel, logistics and Infrastructure are a few of the industries where people businesses spent, personal pensions are in sunrise businesses such as pharmaceutics and FMCG.

Nowadays, Assam is geared to get a brand new period of growth together with dedicated infrastructure and also a congenial atmosphere for companies. Their country’s talent pool, crystalline infrastructure and governance shove, has lent it to some powerful standing wherein Assam really serves as the spring board creating momentum towards harnessing opportunities in ASEAN and also BBN states. Assam really is the expressway to conduct business with ASEAN.