GUWAHATI: In a groundbreaking revelation on Wednesday, Assam Chief Minister Himanta Biswa Sarma announced an unprecedented investment proposal exceeding Rs 11,000 crores for the year 2023. This monumental stride is anticipated to generate more than 10,000 jobs, signifying a historic transformation in Assam's industrial landscape. The driving force behind this remarkable achievement is attributed to the recently amended Industrial and Investment Policy of Assam (Amendment), 2023, which has created an environment conducive to investments, particularly in Mega Projects.
The Mega Projects, defined by a minimum investment threshold of Rs 100 crores and the mandate to create at least 200 permanent jobs, have emerged as the linchpin of the state's visionary policy. Assam's commitment to fostering economic growth is evident in the key highlights of the investment scenario for the year 2023:
1. Total Investors: A notable count of 17 investors demonstrates the growing confidence in Assam's economic potential.
2. Total Proposed Investment: The staggering figure of Rs 11,753.7 crores underscores the substantial interest and commitment from the investor community.
3. Proposed Capital Investment: A significant portion, amounting to Rs 8,775.5 crores, is earmarked for capital investment, indicating a robust infusion into the state's industrial infrastructure.
4. Proposed Employment Generation: The envisioned creation of 10,906 jobs, both direct and indirect, reaffirms Assam's focus on inclusive and sustainable development.
This ambitious leap in investment and job creation is a testament to the success of Assam's innovative incentive policy. Crafted strategically to attract major players in the industrial sector, the policy offers enticing incentives, including a Power Subsidy of Rs 77.1 crores, Electricity Duty Reimbursement of Rs 31.77 crores, and a Capital Subsidy of Rs 282.25 crores.
Assam's economic resurgence in 2023 is not just about the impressive numbers but also about the state's proactive measures to create an investor-friendly ecosystem. The amended policy reflects a forward-looking approach, aligning with the aspirations of the state to emerge as a preferred destination for substantial industrial investments.
ALSO WATCH: