October 28 , 2013
Latest update: August, 2013
Last Updated: August, 2013
ASSAM State Report | August, 2013
Assam is located in the Northeast of India. The state shares its borders with Arunachal Pradesh, Nagaland, Manipur, Mizoram, Meghalaya, Tripura and West Bengal. The state shares international borders with Bangladesh and the Kingdom of Bhutan. Assam is India's gateway to the Northeast India and acts as a vital link for trade with Southeast Asian countries. The state is known for its tea, petroleum resources, muga silk and bio-diversity. It is also becoming an increasingly popular destination for wild-life tourism.
The gross state domestic product (GSDP) grew at a compound annual growth rate (CAGR) of 13.2 per cent between 2004-05 and 2012-13. The state is the largest economy in the Northeast region. Due to its comparative proximity to the rest of the country and availability of quality infrastructure, it is also the most industrially advanced state in Northeast India.
Public Private Partnership Policy 2008 aims to stimulate private sector investments in infrastructure. Several concessions and incentives have been provided to attract investors and support development across sectors – Tourism Policy 2008, IT Policy 2009 & Industrial Policy 2008-13.
The state is rich in water resources and has vast tracts of fertile land. Other potential areas of investment include power and energy, mineral-based industries, tourism and crude oil refining. With its five national parks and fifteen wildlife sanctuaries, Assam is a popular tourist destination. The state has a large pool of skilled workforce. A substantial portion of the state’s population (which is in the age group of 15-25 years) is computer literate. As per the 12th Plan, around 2.2 million individuals will be trained under the government's Skill Development Mission.