Assam Chief Minister Himanta Biswa Sarma Invites Global Investors to Explore the State’s Economic Potential at Singapore Roadshow
Singapore, 12 February 2025 – Assam Chief Minister Himanta Biswa Sarma led a high-profile delegation at the Singapore Roadshow, engaging with over 200 business leaders and investors to highlight Assam’s vast economic opportunities. The event reinforced Assam’s position as a strategic gateway for investment in India, showcasing key sectors such as infrastructure, green energy, and semiconductor manufacturing.
Speaking to IN Diplomacy highlighting the state’s commitment to inclusive growth particularly in empowering women, a delegation shared, “We have a unique policy that ensures 50% job reservations and political representation for women. We actively support women-led enterprises and networks, fostering greater participation in economic development.”
In his address, H.E. Dr. Shilpak Ambule, the High Commissioner of India to Singapore, remarked on the significant progress made in recent months, highlighting the broader diplomatic and economic relations between India and Singapore, “In the last 7–8 months, India-Singapore relations have seen substantial advancements. We began with the India-Singapore ministerial roundtable in August, followed by the Prime Minister’s visit in September, and subsequent ministerial and state-level delegations. This year marks the 60th anniversary of our diplomatic ties, coinciding with Singapore’s 60th birthday. Both our leaders are committed to commemorating this milestone with meaningful events,” he stated.
Encouraging participation in the upcoming Advantage Assam event, Dr. Ambule added, “Assam is a young, dynamic state on its path to industrialisation. Beyond its economic potential, it also boasts rich tourism opportunities, making it a compelling destination for investment and travel alike.”
Chief Minister Sarma emphasised Assam’s rapid economic growth and its commitment to fostering an investor-friendly environment, “Assam is one of the fastest-growing states in India, with a strong economic trajectory. Our Gross State Domestic Product (GSDP) currently stands at US$68.7 billion and is projected to nearly double to US$143 billion by 2043.”
Assam has seen a steady increase in Foreign Direct Investment (FDI), contributing significantly to India’s overall FDI inflows. Since 2000, more than US$1.5 billion in FDI has been directed toward Assam, particularly in town planning and urban development. With its strategic location, the state is emerging as a global investment hub, strengthening economic ties with Europe and beyond.
To further enhance global partnerships, Assam is set to sign a new Memorandum of Understanding (MoU) in the healthcare sector. This agreement aims to address Singapore’s nursing shortages by facilitating skilled professionals from Assam to work in the city-state’s healthcare industry.
Positioned as the gateway to Southeast Asia, Assam offers significant advantages for businesses looking to access key global markets within a few hours. With rapid economic expansion, a skilled workforce, and increasing infrastructure investments, the state is poised to become a major hub for trade, investment, and workforce development.
The Singapore Roadshow reinforced Assam’s economic potential, strengthening its ties with international investors and paving the way for further collaborations in the years to come.
Source: IN Diplomacy Reporter
