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Opinion: Advantage Assam 2.0 Summit A Transformative Leap For Northeast. But Real Test Begins Now

The second edition of the ‘Advantage Assam 2.0’ summit, held in Guwahati on February 25-26, marks a significant milestone in India’s economic trajectory. Inaugurated by Prime Minister Narendra Modi, the summit is poised to redefine Assam’s role in the national and global economic landscape. This high-profile event, attended by global business leaders, policymakers, and diplomats, aims to catapult Assam into the spotlight as a hub of trade, technology, and international collaboration. The summit’s ambitious agenda, strategic discussions, and global participation signify a renewed commitment to leveraging the state’s untapped potential. However, while the event sets an optimistic tone, its success will ultimately depend on sustained policy execution, infrastructure development, and long-term investments.

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Assam’s Strategic Importance And Modi’s Vision

Prime Minister Modi’s emphasis on Assam’s historical role in India’s prosperity underscores the state’s economic significance. His remarks at the event — “I once said ‘A for Assam’, a vision now turning into reality…” — reflect the government’s commitment to ensuring that the Northeast no longer remains a neglected region but emerges as a growth engine. Assam’s geopolitical location, bordering Bhutan and connecting India to Southeast Asia, makes it a crucial player in India’s ‘Act East’ policy. The state’s potential to become a trade corridor linking South and Southeast Asia is immense, but realising this vision requires sustained infrastructural and policy support.

Chief Minister Himanta Biswa Sarma’s assertion that Assam has transitioned from a disturbed state to India’s most peaceful and investment-friendly region highlights the remarkable turnaround witnessed in recent years. Post 2014, Assam has seen a decline in insurgency-related violence, a surge in infrastructural development, and an increase in business-friendly policies. The summit provides a platform to showcase these changes and attract global investors who may have previously been hesitant due to security concerns.

Key Sessions And Sectoral Growth Opportunities

The summit’s agenda is strategically aligned with India’s broader economic and industrial policies. Sessions on digital connectivity, cross-border trade, and semiconductor manufacturing reflect a comprehensive approach to Assam’s development. The participation of key industry leaders, including representatives from Nokia, Reliance Jio, and BSNL, signals an increasing interest in Assam’s digital infrastructure. As digital connectivity is a prerequisite for economic growth, ensuring high-speed internet and mobile penetration in remote areas will be essential.

The discussions on India-Bhutan economic cooperation highlight the opportunities for cross-border trade and tourism. Given Bhutan’s strong diplomatic ties with India, strengthening trade relations could unlock new avenues for economic collaboration, particularly in sustainable industries such as organic farming, eco-tourism, and hydroelectric projects. Such partnerships could also serve as a blueprint for similar engagements with other neighbouring countries.

Perhaps the most forward-looking discussion was on Assam’s potential in the semiconductor industry, led by Union IT Minister Ashwini Vaishnaw. As the country aims to reduce dependence on semiconductor imports and establish a robust domestic supply chain, leveraging Assam’s talent pool and industrial infrastructure will be crucial.

The ‘Act East’ Policy And Assam’s Role

One of the summit’s most significant themes was India’s ‘Act East’ policy. Assam’s location makes it an ideal gateway to ASEAN markets, but the success of this vision hinges on improving transportation and trade infrastructure. While road and railway connectivity with Myanmar and Bangladesh has improved, there is still a long way to go in terms of seamless cross-border movement.

Singapore High Commissioner Simon Wong and EU Ambassador Herve Delphin’s participation in the summit further highlight Assam’s growing appeal to international stakeholders. Increased foreign direct investment (FDI) and strategic collaborations can provide the necessary impetus for Assam’s integration into global supply chains.

Challenges And Roadblocks

While the summit paints a promising picture, several challenges need to be addressed to turn these discussions into reality:

  1. Infrastructure Deficit: Assam still faces infrastructural bottlenecks that deter large-scale industrial investments. Power shortages, inadequate transport facilities, and bureaucratic delays need urgent redressal.
  2. Bureaucratic Hurdles: Despite improvements in the ease of doing business, regulatory red tape can still be a deterrent for investors. Streamlining administrative procedures and ensuring transparency will be critical.
  3. Skill Development: As Assam aspires to become a technology and industrial hub, bridging the skill gap through targeted education and vocational training programmes is imperative.
  4. Environmental Concerns: Rapid industrialisation should not come at the cost of environmental degradation. Sustainable growth models should be prioritised to protect Assam’s rich biodiversity.

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The Path Forward

Advantage Assam 2.0 serves as a platform to not only attract investments but also to instill confidence in global investors about Assam’s economic potential. The key takeaway from this summit should be the need for continuity in policy execution, long-term infrastructural investments, and proactive governance.

Moving forward, the government must ensure that the commitments made during the summit translate into actionable policies. Engaging local businesses, empowering the workforce, and fostering innovation will be crucial in sustaining Assam’s growth momentum. Additionally, collaboration between the public and private sectors will be instrumental in ensuring that Assam emerges as a significant contributor to India’s economic resurgence.

With over 5,000 delegates and 400+ exhibitors participating, Advantage Assam 2.0 is undoubtedly a landmark event. However, it should not remain a mere conference of grand announcements. Its true success will be measured by the tangible transformations in Assam’s industrial landscape, employment generation, and global integration in the coming years. If executed well, this summit could indeed position Assam as a powerhouse in India’s growth story and a gateway to Southeast Asia’s thriving economies.

The writer is a technocrat, political analyst, and author. 

[Disclaimer: The opinions, beliefs, and views expressed by the various authors and forum participants on this website are personal and do not reflect the opinions, beliefs, and views of ABP Network Pvt. Ltd.]

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