Photo Courtesy: India Today Group
Guwahati: Assam has racked up investment proposals worth more than 5 lakh crore. State officials gathered in Guwahati on Wednesday for a pre-budget meeting to discuss future growth. Economists, industry leaders, and entrepreneurs packed the room. They offered tips to help shape the upcoming state budget.
Finance Minister Jayanta Mallabaruah noted the state now pulls in massive investment interest compared to past years. He said, "While attracting investments worth Rs 1-2 crore had once been challenging, the state has now received investment proposals exceeding Rs 5 lakh crore." The government also plans to build two new semiconductor facilities following the success of its initial unit.
BJP state president Dilip Saikia credited the administration under Chief Minister Himanta Biswa Sarma for the economic shift. He pointed to growth trends stretching back to 2014. The state reports a 90 percent implementation rate for its current budget. Officials claim this level of execution keeps the state on track for long-term development goals.
Industry voices pushed for specific changes during the talks. Abhijit Baruah of Assam Air Products asked for a new "Make in Assam" program. He wants more government use of local bamboo and cane. Meanwhile, Cotton University VC Ramesh Chandra Deka pushed for more cash for campus infrastructure. Other attendees asked for poultry insurance and help for small businesses.
Comments