Assam

Capital | Population Dispur | 30.94 million
State GDP & Growth Rate – GDP State GDP is around US$ 27 billion and the growth rate is approx. 13.02 %.
Per capita income The per capita income is about US $ 700
Political Scenario The Government of Assam is the governing authority of the state of Assam. Indian National Congress(INC) is the ruling party since 2001.
Key Sectors / Industries Industries like tea, coal, oil and gas, agriculture, horticulture; food processing and tourism have a well-established business.
Emerging markets / opportunities
  • - Power and energy
  • - Mineral-based industries
  • - Tourism and crude oil refining
  • - Other handicrafts industry
Business Scenario /Government Initiatives
  • Assam Industrial Development Corporation (AIDC) has implemented an Export Promotion Industrial Park (EPIP) near Guwahati which cost around US$ 3 million.
  • To promote industrial growth centres with supporting infrastructure Integrated Infrastructure Development (IID) centres have been s et-up. The Government of India has created a special purpose tea fund (SPTF) for rejuvenation of the tea bushes which helps to benefit about 700 to 800 tea gardens of the state.
  • Assam is renowned for its tea, petroleum resources, silk, and a rich biodiversity.
  • The mighty river Brahmaputra flows through the state providing the region with hydroelectricity. The river and its tributaries make the land extremely fertile and provide water resources.
  • The state of Assam has the largest economy amongst all northeastern states of India. Tea and petroleum sectors are the main contributors to the state economy. Assam tea is known all over the world as a premium brand.
  • The state is blessed with abundant resources of natural gas and hydropower, generation of electricity is cheap and easy.
  • The state serves as the largest domestic market in the northeastern region of the country.
  • It has the largest number of educational institutes in the entire northeastern region. Assam has a good transportation network that includes railways, roadways, airways, and waterways.
  • The strategic location of Assam makes it accessible to southeastern Asian countries. The state acts as a base for domestic investors interested in expanding their business to the markets of Malaysia, Thailand, Indonesia, and the Philippines. Moreover, the proximity of the state to neighboring countries such as Nepal, Bhutan, and Bangladesh plays a major role in attracting foreign investors to the state.
  • The state is also rich in natural resources of coal, rubber, limestone, and granite, in addition to oil and natural gas. The state is also known for its arts and crafts, which support a number of cottage industries, such as hand loom, carpentry, and sericulture.
  • Other than these sectors, investment potential also exists in other industries:
    • Cane and bamboo: This sector has been identified as a key sector for the state’s development. The bamboo and cane furniture of Assam is sought after greatly in the domestic and international markets.
    • Brass and ball metal: Assam is known for its beautiful and strong brass work. The brass and ball metal work is a traditional industry of Assam.
    • Sericulture and hand loom: The state has the highest number of weavers and hand looms in the country. Assam produces a variety of silks but it is mostly known for its muga silk.
  • The government of Assam has initiated a number of projects to attract more investments in the state.
  • Assam is rich in water resources because of its vast fertile land, which is also the third-largest producer of petroleum and natural gas and has ample reserves of limestone. Potential areas of investment include power and energy, mineral-based industries, tourism and crude oil refining. Assam has 16 industrial estates, four industrial growth centres, 11 integrated infrastructure development projects, 17 industrial areas, 11 growth centres, six mini industrial estates, one export promotion park and two food processing industrial parks.
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