Daily Mail India
Daily Mail India

Singapore-based companies have expressed interest to invest in Assam: Chandra Mohan Patowary

GUWAHATI: Assam business ministry Chandra Mohan Patowary stated that Singapore-based companies expressed their interest to invest in Assam in areas like meals processing, hospitality sector, infrastructure improvement, industrial city improvement, start-ups, airline catering, talent coaching, natural farming and advertising.

Patowary interacted with 11 companies of Singapore by way of a webinar. Chief Secretary Kumar Sanjay Krishna and Commissioner and Secretary Dr. KK Dwivedi additionally attended the webinar. The webinar was coordinated and facilitated by Enterprise Singapore and Invest India.

Enterprise Singapore is a statutory board below the Ministry of Trade and Industry in Singapore. The companies included representatives from Advanced Produce Centre Development Pvt. Ltd. (APC), Agrocorp, Capita Land (Ascott), Nanyang Polytechnic, Skill SG Venture (SSGV), ALLIN Technologies, and so on.

‘Singapore can be a model for accelerated growth in industry, trade and commerce and education sectors in the state’, stated Patowary. He added that Assam Government has tied up ITE Education Service, Singapore for organising of a Skill University at a price of Rs. 850 crores at Darrang, Assam.

Highlighting Assam’s locational benefit because the gateway to South East Asian area, Minister Patowary additional stated that Assam provides the proper launch pad for advertising of products, services encompassing 80 million inhabitants in the South East Asian Region.

Chief Secretary Kumar Sanjay Krishna stated that historic legacy, coverage framework, locational benefit and sturdy infrastructure are conditions for any funding. He cited the situations of the 150 yr outdated wonderful tea business and Asia’s first refinery at Digboi. He deliberated on the State’s key financial parts like oil and pure gasoline, power, meals processing, agriculture and highlighted the Compound Annual Growth Rate of 12% of Assam in the final 5 years.

A webinar on ‘Food Processing Ecosystem in India’ was organised by Ministry of Food Processing Industries, Government of India and Invest India as we speak. Participating states included Punjab, Andhra Pradesh, Madhya Pradesh, Telangana, Uttar Pradesh and Assam. Investors from 18 international nations have been additionally participated in the webinar.

Each state gave a presentation on the accessible infrastructure together with land, water and energy, fiscal incentives and insurance policies for attracting traders to their respective States.

Patowary knowledgeable that Assam has a surplus of fruit and veggies and has been exporting to the Middle Eastern nations of Abu Dhabi, Dubai, Kuwait, in the previous few years.

Minister Patowary requested all potential traders to come to Assam to take benefit not solely of the excess horticultural and agricultural produce but in addition of the wonderful incentives like reimbursement of GST, availability of land , subsidies on energy and different fiscal incentives below the North East Industrial Development Scheme (NEIDS) of Government of India and State Industrial Policy.

The Minister added stated that even throughout to COVID-19 lockdown interval, Assam exported consignments of greens to Middle East nations.”Assam has entry to the ocean routes by way of the Kaladan multi modal venture, Sittwe Port of Myanmar and to Mongla and Chittagong ports of Bangladesh by way of the Brahmaputra river and highway connectivity by way of the Trilateral Highway from Myanmar, Thailand up to Laos”, stated Patowary.

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