Davos, Jan 20 (IANS) Assam Chief Minister Himanta Biswa Sarma on Tuesday said that India is steadily advancing towards becoming the world’s third-largest economy under the leadership of Prime Minister Narendra Modi, with Assam emerging as a major beneficiary of the Centre’s development-focused approach.

Addressing reporters on the sidelines of the World Economic Forum Annual Meeting in Davos, Sarma said Assam has undergone a remarkable economic transformation, driven largely by the Prime Minister’s Act East Policy.

He noted that the state has now become the fastest-growing economy in the country, as reflected in the latest data released by the Reserve Bank of India.

The Chief Minister said Assam’s traditional strength in the hydrocarbons sector continues to provide a strong economic foundation, while parallel progress is being made in green and renewable energy.

He added that large-scale infrastructure development, improved connectivity with Southeast Asian markets and a series of investor-friendly reforms have repositioned Assam as a key growth hub in the Northeast.

Declaring that “Assam has finally arrived,” Sarma invited global investors and industry leaders to view the state as a destination offering long-term opportunities.

He stressed that the government remains committed to balanced, sustainable and inclusive growth.

Meanwhile, Assam’s ambition to develop a semiconductor ecosystem also figured prominently at Davos.

In a post on X, the Chief Minister said private players have generated strong momentum for Assam’s semiconductor plans and added that the state government is keen to strengthen the ecosystem by partnering with leading global players.

Sarma noted that meetings with global semiconductor leaders were expected to help advance discussions, even though no specific agreements have been finalised yet.

--IANS

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