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Assam CM Pitches State as India's Fastest-Growing Investment Hub at Davos

Assam Chief Minister Himanta Biswa Sarma promoted his state as India's fastest-growing economy and a premier investment destination at the World Economic Forum in Davos. He credited Prime Minister Narendra Modi's policies, particularly the Act East Policy, for Assam's economic transformation and invited global investors. Sarma highlighted opportunities in both traditional hydrocarbons and emerging green energy sectors. The state's debut at Davos also featured meetings to strengthen its nascent semiconductor industry, anchored by the Tata Group.

Key Points: Assam CM at Davos Touts State as India's Top Investment Destination

  • Assam is India's fastest-growing state economy
  • CM pitches state as prime investment hub
  • Focus on hydrocarbons and green energy sectors
  • Tata Group anchoring semiconductor industry
  • Debut appearance at World Economic Forum Davos
2 min read

At Davos, Assam CM Sarma touts India's economic rise, pitches state as fastest-growing investment hub

Assam CM Himanta Biswa Sarma highlights state's rapid growth and investment potential in hydrocarbons & green energy at World Economic Forum.

"Assam has finally arrived, and we invite investors and leaders to consider our state as it holds immense potential. - Himanta Biswa Sarma"

Davos, January 20

Assam Chief Minister Himanta Biswa Sarma on Tuesday highlighted India's rapid economic ascent under Prime Minister Narendra Modi at the World Economic Forum, expressing confidence that the country is firmly on track to become the world's third-largest economy

Emphasising Assam's transformation under the Centre's Act East Policy, CM Sarma said the state has emerged as India's fastest-growing economy, citing Reserve Bank of India data, and invited global investors to tap into its expanding opportunities across hydrocarbons and green energy sectors.

"India is on a strong path to becoming the third-largest economy under the leadership of our Prime Minister Narendra Modi... Assam is benefitting immensely from the policies of Prime Minister Narendra Modi, particularly his Act East Policy," the Assam CM said.

"The state has become the fastest-growing economy in the country, according to the latest data from the Reserve Bank of India... While we are strong in hydrocarbons, we are also making great strides in green energy... Assam has finally arrived, and we invite investors and leaders to consider our state as it holds immense potential," CM Sarma said.

Earlier in the day, Himanta Biswa Sarma met with Tata Group Chairman N Chandrasekaran ahead of his meetings with representatives from the global semiconductor industry on the sidelines of the World Economic Forum (WEF).

In a post on X, the Chief Minister said the Tata Group is anchoring Assam's semiconductor industry and the state government is keen to further strengthen the ecosystem by collaborating with key global players.

"Ahead of my meeting with representatives from the global semiconductor industry at @wef later today, I had a good conversation with Shri N Chandrasekaran, the Chairman of @TataCompanies. The Tata Group is anchoring Assam's semiconductor industry and we are keen to strengthen this ecosystem by joining hands with key global players. #AssamAtDavos #WEF26," CM Himanta's post read.

Assam made its debut at the 56th World Economic Forum in Davos on Monday. Chief Minister Himanta Biswa Sarma said that the ecosystem is gradually being developed in Assam and said Guwahati attracts the entire talent pool of the Northeast.

Assam is at WEF Davos for the first time, aiming to signal that it is an emerging economy and a viable investment destination within India.

- ANI

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Reader Comments

P
Priya S
Hope this translates to real jobs and infrastructure on the ground in Assam, not just headlines. The semiconductor industry with Tata is promising, but we need to ensure skill development keeps pace so local youth benefit.
R
Rohit P
Act East Policy is finally showing results. Connecting Northeast India to Southeast Asia will be a game-changer for the entire region's economy. Guwahati as a hub makes perfect sense.
S
Sarah B
As someone who has worked in development, it's impressive to see a state leader so actively courting global investment at a forum like Davos. The pitch combining traditional strengths (hydrocarbons) with future sectors (semiconductors, green energy) is very strategic.
V
Vikram M
Good to see the confidence, but the RBI data he's citing is for a short period. Sustainable, long-term growth that improves per capita income is the real test. Hope the investments are diversified and not overly reliant on one or two big groups.
K
Kavya N
Assam has so much untapped potential in tourism, agriculture, and its unique biodiversity. If this Davos push brings in responsible investors who respect the ecological balance, it could be transformative for the entire Northeast. Fingers crossed! 🤞

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