Review Nepal News

*Sonowal launches road show of Global Investors’ Summit in Kolkata*

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  Kathmandu, Nepal      November 27 2017
 
*Guwahati, November 27 : As a prelude to the first ever Global Investors’ Summit slated to be held in the month of February next year, Assam Chief Minister Sarbananda Sonowal on Monday launched a road show at a city hotel in Kolkata to elicit participation from the industrialists and prospective investors. *
 
*Business delegates from as many as 60 countries across the world participated in the event which was organised to present the inherent potential, prosperities and possibilities of Assam. *
 
*A power point presentation was given to make the foreign industrialists aware of Assam and the business opportunities and geo strategic location that the State enjoys to become the gateway to the 10 South East Asian countries. *
 
*As a part of the global investors’ summit, Sonowal held one to one discussion with industrialists and investors to woo investments in the State. *
 
*The business to business discussion was held in a congenial atmosphere where Sonowal apprised the industrialists of the State’s turn around to a growing economy with a promise to expedite economic growth potential to social empowerment. *
 
*The Assam CM drew the attention of the investors to Assam’s pro-business and investment friendly climate like ease of doing business and creation of land bank for development of industries etc. *
 
*Infusing confidence in the investors, Sonowal informed them that ever since the new dispensation in the state came to power the Assam accumulated investment to the tune of Rs. 6500 crore. *
 
*The discussion specifically focussed on sectoral developments with special emphasis on tea, food processing, handloom and textile, tourism and hospitality, health, agriculture and allied industries, bamboo, jute, plastic industries etc. *
 
*He also said that the law and order situation of the State has improved considerably which is conducive to investment. *
 
*He said that he had requested the Union Civil Aviation Ministry to extend ambit of the UDAN scheme so that flight connectivity between Assam with other ASEAN countries increases so that Centre’s Act East Policy reached its logical conclusion. *
 
*“Closer engagement with the ASEAN countries would augur well to spearhead a new paradigm of development and revive business and investment cycle,” Sonowal said. *
 
*Business groups like Laxmi Group, Haldiram Bhujiawala Limited, Glaze Infrastructure, Indian Plastic Federation, Century Ply, Techno Group, Larica, ITC, Indian Jute Mill Association, Global Health Care Systems, Merchants Chamber of Commerce and many others discussed their business plan and expressed their inclination to investment in Assam. *
 
*Later talking to foreign business delegates and investors at a programme titled ‘Horasis Asia Meeting’ the Assam CM gave a broad overview of State Government’s initiatives to bolster complete transformation of the State to become an epicentre of country’s economy. *
 
*He also said that to leverage the true potential of Assam, the State Government is organising Global Investors’ Summit: Advantaged Assam and he invited all the business delegates to be present at the summit and explore the business and investor’s friendly potential of Assam and be a part of State Government’s growth agenda. *
 
*It may be noted that countries like USA, Japan, Australia, Brazil expressed their desire to bring in their business delegation in big numbers to participate in investors’ summit and investment in Assam. *
 
*Industries and Commerce Minister Chandra Mohan Patowary, Chief Secretary VK Pipersenia, Additional Chief Secretary Industry and Commerce Ravi Capoor, Principal Secretary to the Chief Minister Sanjay Lohiya along with a host of dignitaries were present on the occasion.*
 
*(Reporting by Hemanta Kumar Nath)*