BJP’s Pre-Budget Drive: Assam’s Decade of Economic Renaissance

BJP’s Pre-Budget Drive: Assam’s Decade of Economic Renaissance

From Transformation to Triumph: Assam’s ₹5 Lakh Crore Investment Magnetism

Dilip Saikia & Jayanta Malla Baruah Herald Assam’s Rise as India’s Investment Powerhouse

Pre-Budget Consultation Organised by State BJP

Assam’s Economy Has Witnessed an Extraordinary Transformation Between FY 2014–15 and FY 2024–25: Dilip Saikia

Assam Has Emerged as a State Capable of Attracting Investment Proposals Worth ₹5 Lakh Crore: Jayanta Mallabaruah

DD TIMES Guwahati, June 24: Assam’s economy has undergone an unprecedented transformation between the financial years 2014–15 and 2024–25, reflecting a remarkable journey of growth, resilience, and prosperity.

Under the visionary leadership of Hon’ble Chief Minister Dr. Himanta Biswa Sarma, the State has not only accelerated its economic progress but has also successfully addressed the aspirations and fundamental concerns of its people, thereby laying the foundation for a stronger and more prosperous Assam.

This was stated by Shri Dilip Saikia, President of the Assam Pradesh Bharatiya Janata Party, while delivering the inaugural address at the Pre-Budget Consultation organised by the State BJP at Hotel Vivanta today.

He observed that Assam is steadily advancing towards becoming one of India’s leading states, driven by the Chief Minister’s farsighted vision and unwavering commitment to development.

He further remarked that Assam’s economic resurgence is playing a pivotal role in realising Prime Minister Shri Narendra Modi’s grand vision of a Viksit Bharat (Developed India).

Delivering the keynote address, Assam’s Finance Minister Shri Jayanta Mallabaruah emphasised that the formulation of a pragmatic, people-centric, and growth-oriented budget would greatly benefit from the valuable suggestions and insights offered by distinguished stakeholders from diverse sectors.

He noted that under the dynamic governance of Dr. Himanta Biswa Sarma, the implementation rate of budgetary allocations has risen to an impressive 90 per cent, and the Government remains firmly committed to achieving complete and effective implementation.

The Finance Minister further stated that Assam today enjoys unprecedented importance and attention from the Union Government. Contrary to the perceptions of the past, the Centre no longer views Assam through a peripheral lens.

The fact that Prime Minister Shri Narendra Modi has visited Assam more than thirty-five times stands as a powerful testament to the State’s growing strategic significance and prominence on the national stage.

Highlighting Assam’s economic metamorphosis, Shri Mallabaruah remarked that there was a time when even investments of ₹1–2 crore struggled to find takers in the State. Today, however, Assam has succeeded in attracting investment proposals exceeding ₹5 lakh crore.

Referring to the rapidly expanding industrial ecosystem, he stated that following the establishment of a semiconductor manufacturing facility, two additional semiconductor units are expected to be set up in the State, positioning Assam as a burgeoning hub of investment, innovation, and advanced manufacturing.

Participating in the consultation, several eminent personalities shared valuable recommendations. Shri Abhijit Baruah, Managing Director of Assam Air Products, advocated greater emphasis on the MSME sector as a means of augmenting State revenue and generating sustainable economic growth. He further proposed the adoption of a “Make in Assam” initiative inspired by the Government of India’s flagship “Make in India” programme.

He also recommended making the use of bamboo and cane products mandatory in Government construction projects, thereby promoting indigenous resources and sustainable development.

Prof. Ramesh Chandra Deka, Vice-Chancellor of Cotton University, urged the Government to allocate greater resources for strengthening the university’s infrastructure and academic ecosystem. Shri Akashjyoti Gogoi, Managing Director of egg-producing enterprise “Bahubali,” recommended insurance subsidies to support small-scale poultry and egg-producing farms, thereby enhancing their resilience and competitiveness.

The consultation witnessed the participation of a distinguished gathering comprising economists, academicians, intellectuals, vice-chancellors from five universities, principals of fifteen colleges, authors, entrepreneurs, business leaders, sports administrators, and representatives from various trade and professional organisations. Representatives from leading financial institutions, including NABARD, the Indian Institute of Entrepreneurship, and NEDFi, were also present.

Among the prominent participants were Shri Abhijit Baruah, Managing Director of Assam Air Products; Shri Akashjyoti Gogoi, Managing Director of Bahubali; Dr. Nomal Chandra Bora, Managing Director of GNRC; Shri Selim Raja Mondal, General Manager of ATPO; noted educationist Shri Dayananda Burhagohain; Shri Ranjiv Sharma, Chairman of Sitajakhala; Shri Subodh Mallabaruah, Vice-President of the Assam Olympic Association; Shri Partha Pratim Pathak, President of Laghu Udyog Bharati; financial consultant Shri Bikash Agarwala; Shri Chandra Shekhar Sharma of ONGC; entrepreneur Shri Mriganka Das; and renowned handloom designer Smt. Sanjukta Dutta, among several other distinguished personalities who contributed constructive suggestions.

The consultation was also attended by Cabinet Ministers Shri Rameswar Teli, Shri Ashok Singhal, Smt. Ajanta Neog, Shri Biswajit Daimary, Shri Bimal Bora, and Shri Kaushik Rai, along with Members of Parliament Smt. Bijuli Kalita Medhi and Smt. Nilima Devi.

The proceedings of the discussion were conducted by Dr. Devajit Mahanta, Spokesperson of the Assam Pradesh Bharatiya Janata Party.