The North News
Guwahati(Assam), February 25
Prime Minister Narendra Modi has reaffirmed India’s economic trajectory, stating that despite global uncertainties, “one certainty remains—India’s rapid growth.” Speaking at the Advantage Assam 2.0 Investment and Infrastructure Summit in Guwahati, he outlined a long-term vision for the country’s development over the next 25 years, emphasizing the global trust in India’s young and skilled workforce.
Modi underscored India’s governance model, citing political stability, policy continuity, and ongoing economic reforms. He highlighted the country’s efforts to strengthen local supply chains and expand global trade through free trade agreements and projects such as the India-Middle East-Europe Economic Corridor.
Focusing on Assam’s economic rise, Modi pointed out that the state’s economy has more than doubled from ₹2.75 lakh crore in 2018 to nearly ₹6 lakh crore in 2024. He attributed this progress to infrastructure investments, including new bridges over the Brahmaputra, railway modernization, and the expansion of air routes from seven to nearly 30 since 2014.
Assam’s industrial sector is also gaining momentum, with investments in electronics, semiconductors, and green energy. Modi announced the North East Transformative Industrialization Scheme, ‘Unnati,’ aimed at boosting investment and tourism across the region. He projected that Assam could achieve a $150 billion economy by 2030.
On manufacturing, the Prime Minister noted that Assam contributes over 50% of India’s onshore natural gas production and is rapidly emerging as a hub for high-tech industries. He pointed to the newly inaugurated Tata Semiconductor Assembly & Test facility in Jagiroad as a milestone in technological growth.
Modi also highlighted India’s renewable energy ambitions, aiming for 500 GW of capacity by 2030. He positioned Assam as a potential leader in this sector, urging investors to capitalize on green energy opportunities.
Concluding his address, Modi asserted that Eastern India and the Northeast would play a crucial role in achieving a ‘Viksit Bharat’ (Developed India) by 2047. He invited global investors to partner in Assam’s transformation, stating that the region’s progress would elevate India’s position in the global economy.
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