Assam provides immense possibilities for investments. It is the gateway to the northeastern states and has been aptly described as the sentinel of Northeast India. Seven Indian states and two countries, Bhutan and Bangladesh, surround Assam.The State is also strategically close to India's international borders with China and Myanmar. Assam is contiguously surrounded by Bhutan and Arunachal Pradesh on the north, Manipur, Nagaland and Arunachal Pradesh on the east and Bangladesh, Meghalaya, Tripura and Mizoram on the south.
For the development of any industry, the two most important factors to be taken into consideration are its proximity to the end user market and availability of raw materials. Fortunately, Assam possesses both the above factors.
Assam’s closeness to Myanmar provides it with a locational advantage, as Myanmar is the gateway to ASEAN countries. At present, the ASEAN markets are reputed as being the best and fast growing markets with surge in consumer demands. Assam can, thus, emerge as a strategic base for foreign and domestic investors to tap the vast potential of the emerging markets of Myanmar, China, Malaysia, Thailand, Philippines, Cambodia, Indonesia and other East and South East Asian countries.
Both land and water routes are available for trade between Assam and the ASEAN countries and more routes are expected to open up in future. Assam’s closeness to the SAARC countries of Bangladesh, Nepal and Bhutan can also be utilized by the investors. Assam also is abundant in natural resources and combined with its locational advantage and cheap skilled labour force, it is a perfect choice for investment.
Potential areas where investments can be made in Assam are:
Oil and natural gas projects
Crude oil refining
Gas based projects
Naphtha based projects
Limestone based industries
Agro based industries