CM Himanta Biswas says Assam will have $143 bn economy by 2030 as Adani announces ₹50,000 crore investment

Assam will have a $143 billion economy by 2030, Chief Minister Himanta Biswa Sarma claimed on Feb 25, urging investors to join the state's growth trajectory.

Speaking at the inaugural function of the two-day 'Advantage Assam 2.0 Investment and Infrastructure Summit' here, Sarma emphasized that the state has emerged from being the "most disturbed" to the "most peaceful" now.

"The state's GDP growth this year will be 15.2%. The economy will reach USD 143 billion by 2030," he claimed.

"I can assure you today that we will ensure the best working and congenial atmosphere for establishing industries in Assam. Please come and invest here," Sarma said, in the presence of heads of missions and ambassadors of over 60 nations, foreign business delegations and industry leaders of the country.

The state has seen a resurgence since 2014, when the BJP-led government under Prime Minister Narendra Modi came to power at the center, he said.

"After Independence, Assam's economy started to decline as trade links were disrupted. Our only mode of connectivity was through the 'chicken's neck'. For decades, Assam witnessed agitation and insurgency. After 2014, Assam was reborn under the leadership of PM Narendra Modi. Once the most disturbed state, Assam became one of the most peaceful states," he added.

Sarma said the Modi government at the center has been encouraging all states to attract investments.

"The PM encourages competitive federalism and that is why he had attended seven business summits in different states since taking over as the prime minister for the third term so that all states join the growth trajectory together," he said.

Meanwhile, Adani Group chief Gautam Adani on Feb 25 said his conglomerate will invest ₹50,000 crore across various sectors in Assam.

Addressing the inaugural function of the Advantage Assam summit here, he said the group is committed to investing more in the future for the development of the state and the northeastern region.

"We are eager to be a part of the progress story of Assam. We will invest ₹50,000 crore in Assam," he said.

The investment will span across areas such as the development of airports, aerocity, city gas distribution network, power transmission, cement and road construction, he said.

"Assam is in a position to drive growth. And this is our commitment and vision to make way for us and the state," he added.

(PTI)