Assam is the largest economy in the Northeast region. Owing to its relative proximity to the rest of the country and availability of quality infrastructure, the state offers a favourable environment for industry.
Assam boasts largest tea growing area in the world, constituting around one-seventh of the global tea production. The state accounts for over 53.55 per cent in the country’s overall tea production. Tea production in the state stood at nearly 653.52 thousand tonnes during April 2018-February 2019. It also has 20 industrial estates, three industrial growth centres, 11 Integrated Infrastructure Development Depots, 17 industrial areas, 12 growth centres, eight mini industrial estates, one export promotion park and one food processing industrial park. Assam is also the most popular tourist destination among the north-eastern states.
Between 2011-12 and 2016-17, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 11.78 per cent to US$ 37.23 billion. Net State Domestic Product (NSDP) expanded at a CAGR of 11.48 per cent to US$ 33.20 billion between 2011-12 and 2016-17.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), cumulative FDI inflows in the state of Assam* during April 2000 to December 2018 is US$ 113 million. During 2018-19**, exports from the state stood at US$ 316.80 million.
To facilitate infrastructure support, the State Industries and Commerce Department has sponsored three projects as industrial growth centres at Chariduar, Matia and Chaygaon-Patgaon.
The Assam government has approved 11 integrated infrastructure development centres across the state. Some of the major initiatives taken by the government to promote Assam as an investment destination are:
Note: P – Provisional, * - Including Arunachal Pradesh, Manipur, Mizoram, Meghalaya, Assam and Tripura, ** - Upto February 2019