Latest update: July, 2019
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 701.35 thousand tonnes during April–March 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 of Industrial Policy & Promotion (DIPP), cumulative FDI inflows in the state of Assam* during April 2000 to December 2018 is US$ 113 million. Total exports from the state stood at US$ 382.35 million during 2017-18. Exports from the state stood at US$ 369.76 million during 2018-19**.
As of April 2019, Assam had a total installed power generation capacity of 1710.38 MW, of which 1,226.16 MW was under central utilities, 51.00 MW was under private utilities and 433.22 MW was under the state sector.
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:
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