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Foreign Direct Investment (FDI) in Assam

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Overview

Foreign Direct Investment (FDI) in Assam

Assam, a key state in the northeastern region, recorded a GSDP of ₹5.27 lakh crore in 2023–24, with a growth rate of 9.6%. The state’s per capita income stands at ₹1,20,214, reflecting steady economic progress. Assam is rich in natural resources, particularly tea, oil, and natural gas. Guwahati, the capital, is a major commercial and transportation hub, while the state’s agriculture, tea industry, and oil exploration remain key contributors to its economic output.

Assam, a key state in the northeastern region, recorded a GSDP of ₹5.27 lakh crore in 2023–24, with a growth rate of 9.6%. The state’s per capita income stands at ₹1,20,214, reflecting steady economic progress. Assam is rich in natural resources, particularly tea, oil, and natural gas. Guwahati, the capital, is a major commercial and transportation hub, while the state’s agriculture, tea industry, and oil exploration remain key contributors to its economic output.

Assam, a key state in the northeastern region, recorded a GSDP of ₹5.27 lakh crore in 2023–24, with a growth rate of 9.6%. The state’s per capita income stands at ₹1,20,214, reflecting steady economic progress. Assam is rich in natural resources, particularly tea, oil, and natural gas. Guwahati, the capital, is a major commercial and transportation hub, while the state’s agriculture, tea industry, and oil exploration remain key contributors to its economic output.

Factfile

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Capital

Dispur

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Geographical Area (sq km)

78,438

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State Language

Assamese, Bodo, Bengali and English

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Literacy Rate

72.2 per cent

Key Industries:

Tea

Tea

Coal

Coal

Oil & Gas

Oil & Gas

Assam: FDI & Innovation Corridor Overview

FDI-Focused Growth Zones:

  • Port Blair – Hospitality, Ports, Administration
  • Havelock Island – Eco-tourism, Resorts
  • Campbell Bay – Infrastructure, Defense, Port
  • North & Middle Andaman – Agriculture, Processing
  • Diglipur – Fisheries, Cold Chain

Top 5 Emerging FDI Sectors:

  • Eco-Tourism & Sustainable Hospitality
  • Fisheries and Marine Aquaculture
  • Shipping, Ports & Logistics Infrastructure
  • Organic Agriculture & Agro-Processing
  • Defense & Strategic Connectivity
Assam: FDI & Innovation Corridor Overview

Key Support & Policy Initiatives:

  • Island Development Agency (IDA)
  • NITI Aayog Investment Zones
  • Invest India & UT Administration
  • Green Norms Compliance
  • Great Nicobar Transshipment Port

Why Invest in Assam

  • Natural Resource Wealth: Leading producer of tea, oil, and natural gas.
  • Agricultural Growth: Strong potential in agriculture and agro-processing industries.
  • Strategic Location: Gateway to the northeastern markets and ASEAN countries.
  • Government Focus: Policies aimed at boosting infrastructure, industrialization, and connectivity.

Incentives & Schemes

  • Industrial Investment Policy: Incentives for investment in manufacturing, petrochemicals, and food processing.
  • Tea and Agro-based Industries: Tax benefits for setting up units in the tea and agro-processing sectors.
  • Infrastructure Development: Focus on improving connectivity, including roads, airports, and logistics.

Key Economic Data: Assam

Category Details
Capital Guwahati
GSDP (2023–24) ₹5.27 lakh crore
Growth Rate 9.6%
Per Capita Income ₹1,20,214
Top Sectors Tea, Oil & Gas, Agriculture, Services
FDI Share in India 0.5%
Top FDI Sources UAE, Singapore
Cumulative FDI (FY2024) ₹1,000 crore (Q1)
Policy Impact Focus on industrial growth, natural resources, and infrastructure
Recent FDI ₹300 crore (2020–21)

Latest Insights

  • Assam attracted ₹1,000 crore in cumulative FDI by Q1 FY2024.
  • Tea production and oil exploration remain major economic drivers.
  • The state’s infrastructure development, including improved connectivity and logistics, is attracting greater investment.