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Narendra Modi at Assam Global Investors’ Summit: Northeast is at the heart of Act East Policy, says PM

Narendra Modi at Assam Global Investors' Summit LIVE updates: The Prime Minister said the event will showcase the state's investment potential and contribute towards fulfilling the aspirations its youth. Follow our blog for the latest news and updates.

Narendra Modi at Assam Global Investors’ Summit: The Prime Minister arrives to address the event along with Chief Minister Sarbanand Sonwal and the PM of Bhutan Dasho Tshering Tobgay (Source: Twitter/@AdvantageAssam)

Prime Minister Narendra Modi addressed the inaugural Assam Global Investors’ Summit in Guwahati on Saturday. Ahead of the event, he had said the event will showcase the state’s investment potential to countries in South and South East Asia, in sectors including manufacturing, services, power, agriculture and food processing, IT, transportation, petrochemicals, pharmaceuticals, textiles and handicrafts and tourism. PM Modi added that the summit will contribute towards fulfilling the aspirations of the youth of Assam.

Assam Chief Minister Sabarnanda Sonowal met the Prime Minister at LGBI Airport in the city this morning. Taking to Twitter, he called it an honour to receive the PM in the state. The Prime Minister of Bhutan Dasho Tshering Tobgay is also gracing the event.

Narendra Modi at Assam Global Investors’ Summit Highlights

1:56PM
03 Feb, 18
1:56PM
03 Feb, 18
Congratulate Assam for holding such a big event: PM

Concluding his speech, the Prime Minister adds, "Guwahati is being developed as Smart City. I congratulate the people of Assam and Chief Minister Sarbanada Sonowal for holding such a big event with big fervour."

1:54PM
03 Feb, 18
Guwahati to have world class airport terminal soon: PM Modi

Power schemes worth more than Rs 10,000 crore have been initiated in the northeast. Guwahati will soon have a world class airport terminal to increase Assam's connectivity to other areas, says PM Modi

1:52PM
03 Feb, 18
The construction of 15 new rail lines are underway: PM Modi

"In the last three years, the government has spent more than Rs 5,000 crore on development of railways in the northeast. The construction of 15 new rail lines are underway. Rail connectivity between Tripura and Bangladesh will also be developed," the Prime Minister says.

1:46PM
03 Feb, 18
1:45PM
03 Feb, 18
Glad to know Assam tops ease of doing business report: Modi

I am happy to know that Assam is ranked first in the ease of doing business report, says PM Modi

1:44PM
03 Feb, 18
Modi says government will contribute 12% to EPF for new employees in all sectors for three years

The formalisation of businesses of MSMEs due to introduction of GST, will help MSMEs to access credit from financial sector. Now, Government will contribute 12% to EPF for new employees in all sectors for three years: PM Modi

1:42PM
03 Feb, 18
MSMEs are our priority: PM Modi

In this year’s budget we are giving a big relief to MSMEs by reducing rate of income tax to 25% on companies reporting a turnover of up to Rs. 250 crore. This will benefit almost 99% of companies: PM Modi

1:35PM
03 Feb, 18
PM speaks on completion of Dhola Sadiya Bridge

"It was due to our hardwork and efforts that the Dhola Sadiya Bridge was built on time. Had we not been in power, the construction would have been delayed," the Prime Minister says.

1:32PM
03 Feb, 18
51 lakh new houses this year as well: Modi

In the last three years, the central government has managed to build at least one crore houses under the housing scheme. As announced in the Union Budget, we aim to build 51 lakh more new houses this year.

1:30PM
03 Feb, 18

It is our government who has ignited farm hope for tree-turned-grass bamboo which once fuelled insurgency in the northeastern states," says PM Modi. Under the Union Budget 2018, Rs 1,290 crore have been allocated for a Restructured National Bamboo Mission.

1:25PM
03 Feb, 18
Have worked for welfare of people, says PM Modi

"Today, roads and railways are being constructed at a faster pace and electricity is being generated for at a similar pace. The government has worked and reduced the burden from the poor and middle class."

1:18PM
03 Feb, 18
1:14PM
03 Feb, 18
PM Narendra Modi addresses the Summit

Advantage Assam, India's expressway to ASEAN — is not just a tagline but a comprehensive vision. Recently, we held the ASEAN-India Summit; this partnership may be the 25 years old but our ties with these nations go back thousands of years, says PM Modi. "We created the Act East Policy and the Northeast is at the heart of it. The Act East Policy requires increased people to people contact, trade ties and other relations with countries on India’s east, particularly ASEAN countries."

1:12PM
03 Feb, 18
12:54PM
03 Feb, 18
12:50PM
03 Feb, 18
CM pitches Assam to investors

CM Sonowal says the Prime Minister has realising the vast potential of Assam and its vast resources. He adds that the government has acted against corruption and improve work culture for the people and businesses. 'Advantage Assam' is a medium of realising Assam in every sector. It is an effort to bring the focus to the advantages of the state, he adds.

The biggest advantage of the northeastern states is its location, he says, adding that the state's engagement with ASEAN countries can boost employment in the region.

12:44PM
03 Feb, 18

Earlier this morning, Governor Jagdish Mukhi and the Assam Chief Minister received PM Modi at the airport (Source: Twitter/@MIB_India)

12:39PM
03 Feb, 18
Commerce Minister Suresh Prabhu tweets
12:35PM
03 Feb, 18

(From right) Prime Minister Narendra Modi with his Bhutanese counterpart Dasho Tshering Tobgay and Assam Chief Minister Sabarnanda Sonowal (Source: Twitter/CMOfficeAssam)

12:30PM
03 Feb, 18
What is the Assam Global Investor Summit?

The Summit will be held over two days; today and tomorrow. It is the largest-ever investment promotion by the state government. It will showcase the state's progress and opportunities in the manufacturing and services offered to investors. There are leading industrialists, businessmen, delegates and corporate leaders from across the world attending the event, several from ASEAN and BBIN (includes Bangladesh, Bhutan and Nepal) countries.

12:17PM
03 Feb, 18
Assam tourism ambassador Priyanka Chopra tweets

Actress Priyanka Chopra, who is the ambassador for Assam's tourism, takes to Twitter to say, 'As Assam’s Tourism Ambassador, I couldn’t be prouder of the government’s many initiatives to make Assam a preferred destination for business including their maiden Global Investors’ Summit on February 3-4. I wish them all the very best. #AdvantageAssam #InvestInAssam.' 

12:16PM
03 Feb, 18
Welcome to our live blog!

Welcome to our live blog. Prime Minister Narendra Modi is in Guwahati in Assam today to attend the state's Global Investors' Summit. Ahead of the event, he had congratulated the government for organising it, adding that it would project the state's investment potential to countries in the region. Follow our blog for live updates and the latest news.

First Published on: February 3, 2018 12:14:15 pm