Last updated on Jun, 26 2020
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 has the 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 694.53 million kgs during 2019-20. 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 northeast states.
At current prices, Gross State Domestic Product (GSDP) of Assam is estimated to reach Rs 4.09 trillion (US$ 58.47 billion) in 2020-21. The GSDP of the state will grow at a CAGR (in Rs) of 12.58 per cent between 2015-16 and 2020-21. Net State Domestic Product (NSDP) of Assam was Rs 2.62 trillion (US$ 40.35 billion) in 2018-19. The NSDP of the state grew at a CAGR (In Rs) of 12.04 per cent from 2015-16 to 2018-19.
According to Department for Promotion of Industry and Internal Trade (DPIIT), FDI (Foreign Direct Investment) inflow in Assam** stood at US$ 122 million between April 2000 and September 2019. Assam attracted FDI worth US$ 2.93 million between October 2019 and March 2020.
Total export from the state stood at US$ 369.76 million during 2018-19 and reached US$ 329.99 million during April-December 2019.
As of March 2020, Assam had a total installed power generation capacity of 1,756.69 megawatt (MW), of which 1,253.64 MW was under central utilities, 69.83 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:
Note: P – Provisional, ** - Including Arunachal Pradesh, Manipur, Mizoram, Meghalaya, Assam, and Tripura
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