HT Bureau
GUWAHATI, Jan 21: Assam’s debut at the World Economic Forum Annual Meeting in Davos has marked a major milestone in the state’s economic outreach, with chief minister Himanta Biswa Sarma announcing that investment commitments worth around ₹1 lakh crore have already been secured during the visit.
Describing the engagement as historic, Sarma said Assam’s participation as part of “Team Bharat” reflected India’s evolving growth story, where every region is now positioned as a credible destination for global capital.
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Speaking after concluding his engagements at Davos, the chief minister said Assam’s presence on the global platform underlined the country’s shift towards balanced and inclusive development.
He noted that international investor interest, once limited to a few Indian states, is now widening, with Assam and the Northeast increasingly drawing attention.
When a state like Assam represents India globally, he said, it signals that the nation is speaking for all its regions and not just a select few.
Sarma said India has reached a stage where any state has the capacity to attract, absorb and sustain investments, and Assam’s interactions at Davos reinforced this confidence among global investors.
Citing RBI data, he said Assam is currently the fastest-growing state in the country, having recorded over 13 per cent growth consistently over the past five years, with projections of around 15 per cent growth next year.
Though Assam remains a relatively small economy, he said its rapid growth trajectory is making it increasingly visible on the global stage.
Highlighting the state’s evolving economic profile, the chief minister said Assam is diversifying beyond its traditional strengths of tea and hydrocarbons into future-focused sectors such as fertilisers and chemicals, semiconductors and allied ecosystems, electronics manufacturing, green and renewable energy, solar storage projects and other new energy solutions.
Many of these initiatives, he added, are being developed by leveraging the state’s natural gas resources, with energy emerging as a key priority given Assam’s terrain and geography.
During the two-day engagement at Davos, the Assam delegation held extensive meetings with global and domestic investors and signed multiple memoranda of understanding aimed at accelerating economic growth in the coming years.
Sarma said projects such as the large urea plant and greenfield chemical complex, for which the Prime Minister has laid foundation stones, along with the Tata Semiconductor facility that is expected to begin chip production within the next few months, have significantly strengthened investor confidence.
Calling the visit an eye-opening experience, Sarma said Assam and the Northeast have, for the first time, been able to directly present their growth story to a global audience.
He said major Indian industrial houses as well as international investors are now engaging with the state to explore investment opportunities.
While welcoming the ₹1 lakh crore commitment secured so far, he said this should be seen as a base rather than an end goal, stressing the need for consistent global engagement over the next three to four years.
Expressing confidence about the road ahead, the chief minister said the Davos outreach has laid a strong foundation for translating investor interest into tangible projects and long-term economic benefits.
He added that with sustained policy focus and the Prime Minister’s active support for Assam and the Northeast, the state is well placed to emerge as a significant investment destination in the national and global landscape. (With Inputs From PTI)
