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Strategic
Location
Assam is situated in the northeastern part of India, sharing borders with Bhutan, Bangladesh, and Myanmar. Its proximity to Southeast Asian countries offers significant trade opportunities, especially with the implementation of policies like India's "Act East" policy, which aims to strengthen economic and strategic ties with the region.
Abundant
Natural Resources
Assam is rich in natural resources such as oil, natural gas, coal, limestone, and tea. The state accounts for a significant portion of India's tea production and has vast reserves of oil and natural gas, making it an attractive destination for investments in energy and mining sectors.
Agro-based
Industries
The state's favorable climatic conditions and fertile land support diverse agricultural activities. Assam is known for its production of tea, rice, fruits, and spices. Investing in agro-based industries such as food processing and horticulture can leverage these resources for value addition and export opportunities.
Infrastructure
Development
Assam has been witnessing rapid infrastructure development in recent years, including the expansion of road networks, railways, airports, and ports. Initiatives like the Bharatmala Project and the construction of new bridges and highways improve connectivity within the state and with neighboring regions, facilitating trade and commerce.
Government
Incentives
The Government of Assam offers various incentives and subsidies to attract investments across sectors. These include tax incentives, capital subsidies, and reimbursement of central taxes and duties. Additionally, the state government has launched specific policies and programs to promote sectors like tourism, information technology, and manufacturing.
Tourism
Potential
Assam is blessed with picturesque landscapes, diverse wildlife, and rich cultural heritage, making it a popular tourist destination. The state is home to Kaziranga National Park, a UNESCO World Heritage Site famous for its one-horned rhinoceros. Investing in hospitality, ecotourism, and adventure tourism can capitalize on the growing tourism industry.
Skilled
Workforce
Assam boasts a young and skilled workforce, making it favorable for industries requiring manpower. The state has several technical and vocational training institutes, universities, and research centers that contribute to skill development and innovation.
Ease of
Doing Business(EODB)
The Government of Assam has been taking measures to improve the ease of doing business in the state. Initiatives such as single-window clearance, online licensing, and industry-specific policies streamline the investment process and reduce bureaucratic hurdles.
