Registers successful exchange of 200 MoUs worth INR 100,000 crore over two days of the summit
~ 213 Delegates from 23 countries attended the two days of the summit ~
~ Over 100 B2G, and over 300 B2B meetings held during the two days of the summit ~
Guwahati, Assam: The first ever investment promotion and facilitation initiative by the Government of Assam, ‘Advantage Assam – Global Investors’ Summit, 2018’ came to a successful closure today with a mammoth INR 100,000 crore worth of MoUs being signed over the two days of the summit. The event witnessed the luminaries of Indian business fraternity descending on the most talked about investment summit in the largest economy of North-Eastern India. With Prime Minister Narendra Modi’s thrust on the Act East Policy, Assam is swiftly becoming the most advantageous destination for all businesses aiming to connect with the ASEAN and BBIN nations.
Over the two days of the summit, delegates from Australia, Bangladesh, Bhutan, Canada, Cambodia, Czech Republic, Germany, Hong Kong, Israel, Italy, Indonesia, Japan, South Korea, Laos, Myanmar, Netherlands, Nepal, Singapore, Thailand, UAE, UK, USA and Vietnam exchanged ideas with industrialists from across the country and shared their valuable insights with the Government of Assam for evolving business relations in the state.
In the last few years, Assam has witnessed significance GDP growth focussing on creating several initiatives to renovate the industrial setup and its overall expansion. The consistent determination by the Government of Assam led by the Chief Minister of Assam Sri Sarbananda Sonowal, has charted out a growth story for the state that ranks first in the ease of doing business index in the North eastern region. As Assam embarks upon a new chapter, laying emphasis on new capital formation through business and industrial development, it received overwhelming support and appreciation from the champions of the industry.
At his concluding speech during the valedictory function at the Global Investors’ Summit, Hon’ble Chief Minister of Assam Shri Sarbananda Sonowal said that Advantage Assam is an initiative for the younger generation of the state. “Today is a special day for us and today’s success is a reflection of the hard work put in by the team and all our officials for the last one and a half years. The main ambition of the event, held with the help of our Hon’ble Prime Minister Shri Naredra Modi, is to provide the youngsters of the state with a better tomorrow by taking initiatives today and providing platforms for youth to enhance their skills. I thank everyone for their encouragement and support, and helping us make this event a grand success. We have many miles to go, and we look forward to your continued support in implementing all these initiatives which will not only benefit Assam but the northeastern region as a whole.”
Over the two days of the summit Assam received saw a mammoth 200 MoUs worth INR 100,000 crore signed in the august presence of Chief Minister of Assam Sri Sarbananda Sonowal. Day one of the summit saw companies Oil India will be investing INR 10,000 crore, Indo-UK Institute of Health will be investing INR 2,700 crore, Century Ply has shared plans of investing 2,100 crore, Spicejet outlined plans of INR 1,250 crore worth of investment for Assam through sea planes boosting the tourism sector besides connecting Lakhimpur and Jorhat under the Udaan Scheme. Infinity Group will be investing INR 1,000 crore in an IT Park and Real Estate in Guwahati. Medanta Group shared their proposal of INR 500 crore investment in the Healthcare sector. Essel Infra group will be investing in Road Infra, Power and Water Resource. Dalmia Bharat Cement announced an investment attuned to INR 1,100 crore. Tourism sector which is one of the key focus areas of the Govt. of Assam saw an investment proposal in concurrence of around INR 736 crore. Infrastructure sector a prime determinant of progress saw a total investment proposal worth INR 2,347 crore.
Foreign delegates and ministers who attended the Summit over the course of two days were H.E. Dasho Tshering Tobgay, Prime Minister of Bhutan, H.E. Lyonpo Damcho Dorji, Minister of Foreign Affairs, Bhutan, H.E. Amir Hossain Amu, Minister of Industries, Bangladesh, H.E. Lyonpo Damcho Dorji, Minister of Foreign Affairs, Bhutan, H.E. Lyonpo Lekey Dorji, Minister of Economic Affairs, Bhutan, H.E. Dr. Thong Khon, Minister of Tourism Cambodia, H.E. Ounethoang Khaophanh, Vice Minister of Information Culture and Tourism, Government of Laos, H.E. Dr. Than Myint, Minister of Commerce Myanmar Prof. Jagdish Mukhi, Governor of Assam, Union ministers including Shri Suresh Prabhu, Union Minister for Commerce and Industries, Shri Ravi Shankar Prasad, Union Minister for Information Technology, Law and Justice, Shri Dharmendra Pradhan, Union Minister, Petroleum and Natural Gas, Shri Pema Khandu, Chief Minister of Arunachal Pradesh, Shri Chandra Mohan Patowary, Minister of Industries and Commerce, Assam and Dr. Himanta Biswa Sarma, Minister Finance, Assam, Shri Jitendra Singh, Minister of State (Independent Charge) for the Ministry of Development of North Eastern Region; Shri Kiren Rijiju, Minister of State for the Ministry of Home.
Day two of the summit witnessed ministers from different ASEAN and BBIN nations taking the stage to discuss North East Indian economic ties with the respective nations in the august presence of Hon’ble Union Minister of State for DONER Shri Jitendra Singh, Hon’ble Chief Minister Shri Sarbananda Sonowal, Shri Chandra Mohan Patowary, Hon’ble Minister Industries and Commerce and Act East Policy Affairs Dept. Government of Assam, Mr. Kenichi Yokoyama, Country Director, ADB, Mr. Amitabh Kant, CEO, NITI Aayog, Mr. Dato Ramesh Kodammal, Co-Chairman AIBC, Md. Habib Chowdhury, Chairman, HSMM Group, Laos and Chairman AIBC.
The Summit today witnessed primary focus on sectors such as IT & ITeS, Handloom, Textiles and Handicrafts, Petroleum and Natural Gas, Tourism, Civil Aviation, River Transport and Port Townships, Pharmaceutical and Medical Devices and a special session on the opportunities in Bamboo. There were also two country sessions by the representatives from Bangladesh and Czech Republic respectively.
Sessions on Day 2 of Advantage Assam
Bamboo Session: Emerging Opportunities in Bamboo
Think Bamboo for Sustainable Development & Livelihoods – context setting opening session on bamboo innovation and global trends
The Session was attended by Dr. Ravi Kota IAS – Principal Secretary, Finance and PRC, Assam Bhawan, Delhi, Mrs. Pramila Rani Brahma – Hon’ble Minister for Environment & Forest. Various opportunities and challenges by Mr. A M Singh, IFS – PCCF, Department of Forest, Govt of Assam and Country representative Mr. Rene Van Berkel, UNIDO who spoke at length about Industries for inclusive and sustainable north-eastern livelihoods through Bamboo plantation.
Ms. Alka Bhargava, Joint Secretary, Ministry of Agriculture and Mission Director of National Bamboo Mission, Mr. S.N. Pradhan, Joint Secretary, Ministry of Development of North Eastern Region, Mr. Raktim Das, Bamboo Enthusiast and Executive Cluster Head – Innovation Studio, ZEE Unimedia Limited, Mr. T.P. Subramony, Regional Director(South Asia), INBAR laid down the Future Roadmap & New Initiatives for the Growth & Development of North East Bamboo Sector.
Bamboo Value Chain Creation for Growth of Bio-Ethanol in NE was discussed by Mr. Sanjay Ganjoo – President, Indian Federation of Green Energy, Mr. Rajiv Changkakoty – Chief Manager, NRL, Mr. Shreerang Kardale, Praj Industries. Also new designer bamboo products, emerging trends and value creation were discussed during the session.
Sectoral Session on Civil Aviation
The session began with an address by Hon’ble Industries Minister of Assam Shri Chandra Mohan Patowary. Following this, Mr. Amar Abrol, CEO Air Asia, India spoke regarding the opportunities and way forward for regional air connectivity. Capt Gopinath, CEO, Air Deccan spoke regarding Air connectivity initiatives in NE. Dr. B. P. Sharma, CMD, Pawan Hans Ltd highlighted the Role of Pawan Hans in augmenting Regional Air Connectivity in Assam and North East. The session ended with Shri Ashok Gajapathi Raju Pusapati, Hon’ble Minister of Civil Aviation, GoI, providing the keynote address.
Sectoral Session on IT & ITES
The IT session marked the Foundation laying ceremony of Assam Tech City, an electronics manufacturing cluster. At the ceremony, Hon’ble Chief Minister of Assam Shri Sarbananda Sonowal announced that 100 acres of land has been given for Assam IT Park. He reiterated on the fact that all these efforts by the state government are directed towards generation of more employment for the local youths.
The first topic discussed in the IT & ITES session today was Innovation in IT & Emerging Opportunities (Policy framework, Finance, Innovation hub, Artificial Intelligence, IOT, Big Data, etc.) The speakers on this topic were Mr. Nayan Bhattacharya, CEO, Anjaybee, Infotech, Mr. A.K. Mohanty, Managing Director, Tatwa Technologies Ltd, Mr. Subroto Bagchi, co-founder and the Non-Executive Director of Mindtree Ltd. / Mr. Rostow Ravanan, CEO, Mindtree Ltd / CFO Mindtree, Dr. Hemant Darbari, Director General, C-DAC, Mr. Deb Kumar, Vice President, Mr. Vishwa Prakash, Bluu Ocean Pty Limited, Australia (Interested to Set Up Call Centre/BPO in Assam for Education & Skills Development) and Mr. Krishna Jaganathan – Cyber Security Head, India/South Asia, IBM.
The second topic in the session was Making Assam an Electronic Manufacturing Hub. Mr. Samor Borbora, DS SYSTEMS PVT. LTD, Shri Sanjay Kumar Rakesh, IAS Joint Secretary, MeitY, Govt of India, Mr. Sanjay Nayak, Chief Executive Officer & Managing Director, Tejas Networks Ltd, Mr. Syed Sajjadh Ali, Managing Director, Eaton Power Quality Pvt. Ltd, Mr. B.V.R. Mohan Reddy, Executive Chairman, Cyient, Mr. Mohit Soni, Head, SSC – Media Entertainment, Mr. Nitin Kunkolienker, Vice President – Manufacturers’ Association of Information Technology (MAIT) shared their insights on ways to convert Assam into an electronic manufacturing hub.
Sectoral Session on Petroleum & Natural Gas
CRISIL presented the Hydrocarbon Vision 2030 at beginning of the Petroleum & Natural Gas session. Mr. Atanu Chakravorty, Directorate General of Hydrocarbons spoke about Exploration Potential of YTF Resources. Mr. P Elango, Managing Director, HoEC provided an industry perspective based on their experience of operating in the region. Mr. Aditya Kumar Sharma, MD, AGCL spoke about the opportunities in natural gas. Shri K D Tripathi, Secretary, Ministry of Petroleum & Natural Gas, GoI and Shri C M Patowary, Minister of State for Industries & Commerce, GoA also shared their insights during this session.
Sectoral Session on River Transport and Port Townships
During the sectoral session on River Transport and port townships, Mr. Krishna Kotak, Chairman, J M Baxi spoke at length about setting up of port townships as a transport solution for the state of Assam. Mr.Hiten Ghelani, CEO, Mahindra Oddysea spoke about the current state and potential of river transport in Assam. Mr. Sanjay Basu, M.V Mahabahu Cruises also added his insights on potential of river transport in Assam. Mr. Tony Padilla, Senior Advisor for International Affairs, U.S. Maritime Administration spoke about the Possibilities, Prospects & Potentiality of Inland Water Transport in Assam. Shri Gopal Krishna, Secretary, Ministry of Shipping also made a special address at the session.
Sectoral Session on Pharmaceutical and Medical Devices
The session witnessed the signing of MoU with Kalam Institute of Health and Technology. Another MoU was also signed between Healthcare Associates Pvt. Ltd. and the Govt of Assam. The panel discussion moderated by Dr. Jitendar Sharma, MD & CEO AMTZ and Executive Director KIHT, saw the participation of Vishwanath Swarup, from EPD India & Abbott, Aniruddha Rajurkar from Dr. Reddy’s, Suresh Subramaniam from Biocon, Sourabha Nadipuram from Johnson & Johnson, Sitaram Parameswaran from Sanofi, CS Reddy from Hetero Healthcare, Dr. Bhaskar Jyoti Sonowal from Baxalta Biosenser, Srinivas Lanka from Task force Committee on Pharma & Biotech, Pulkit Swarup from Boehringer Ingelheim and Ghanshyam Das Dhanuka from GRD Pharma.
Sectoral Session on Handloom, Textiles and Handicrafts
Shri Mukti Gogoi, IAS Commissioner & Secretary, Handloom, Textiles and Sericulture GoA presented on Investment Opportunities in Handloom, Textiles and Handicrafts in the State. Shri Dilip Barooah, Managing Director, Fabric Plus Pvt. Ltd., spoke regarding Investment opportunities in textiles sector – Assam as the future natural textile hub of India, Shri Sanjay Kumar Jain, Managing Director, TT Limited & Chairman CITI spoke regarding the Hosiery and Textiles. A speech on Opportunity in the handloom textile sector was delivered by s. Vaishali Bahel, Category Head, Fabindia Oversees Private Ltd. Ms. R. Nanong, MD, Nikone Handicraft spoke regarding Weaning, textiles and handicrafts development.
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