Assam has secured investment commitments worth around Rs 1 lakh crore during its first-ever participation at the World Economic Forum (WEF) Annual Meeting, Chief Minister Himanta Biswa Sarma said on Wednesday, describing the milestone as a strong foundation for the State’s future engagement on the global stage.
Addressing interactions on the sidelines of the WEF meeting, Sarma said Assam, and the northeastern region as a whole, was attending the Davos forum for the first time, calling the experience both enlightening and strategically important for shaping future policy and attracting global investments.
Citing Reserve Bank of India data, the chief minister said Assam has emerged as the fastest-growing State in the country, recording sustained growth of over 13 per cent for the past five years.
He added that the State’s growth projection for the coming year stands at around 15 per cent.
“Though Assam is a small economy, it is growing at a very fast pace,” Sarma said, attributing much of the momentum to the Prime Minister’s focus on promoting Assam and the northeastern region at the national and international levels.
Highlighting key industrial developments, the Chief Minister said the Prime Minister has laid the foundation stone for a major urea manufacturing unit and a greenfield chemical complex in the State.
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He also said the Tata Semiconductor project is in its final stages, with chip production expected to begin within the next two to three months.
Sarma said the State government used its presence at Davos to present Assam’s growth story to a global audience and held meetings with several international players during the forum.
However, he underlined that the progress made at the WEF was only the beginning. “We need to remain consistent over the next three to four years to draw sustained global investor attention towards Assam,” he said.
The chief minister added that the State government is prioritising investments in sectors that can leverage Assam’s natural gas resources, noting that energy development is critical given the State’s terrain and long-term economic goals.
