‘Assam poised to reach Rs 11 lakh crore GSDP by 2030′: Assam Minister at Rising Northeast Investors’ Summit in New Delhi

Syllad | The Rising MeghalayaMay 23, 2025

Assam Minister for Industries, Commerce and Public Enterprises, Bimal Borah said the state is poised to reach a whopping Rs 11 lakh crore GSDP by 2030, positioning the State among the leading States in the country.

Borah said this while addressing the ministerial session on ‘Infrastructure and Logistics’ at the Rising Northeast Investors’ Summit 2025, which was inaugurated by Prime Minister Narendra Modi in the presence of Union Minister for Development of North Eastern Region (DoNER), Jyotiraditya M. Scindia, Union Minister of state for DoNER, Dr. Sukanta Majumdar, Governor of Manipur, Ajay Kumar Bhalla, Assam Chief Minister Himanta Biswa Sarma and Chief Ministers of other northeastern states, including Sikkim at Bharat Mandapam here on Friday.

“Under the visionary leadership of Prime Minister Narendra Modi and with the unwavering support of the Union government, Assam has witnessed remarkable economic strides. Our Gross State Domestic Product (GSDP) has more than doubled from Rs 2.8 lakh crore in 2018 to Rs 5.7 lakh crore in 2024. This growth trajectory is a testament to the resilience and determination of our people,” said Borah.

In the same breathe, the Minister said that infrastructure investments have surged from Rs 2 lakh crore to Rs 11 lakh crore, underscoring the nation’s commitment to regional development.

“Today, we stand at the cusp of a transformative journey – one that propels Assam from its rich cultural heritage to a dynamic economic future,” he quipped.

Projecting Assam as not just a land of natural beauty and diverse cultures but a rapidly emerging as a beacon of economic growth and opportunity, Borah said, “Our strategic location, with Guwahati serving as the gateway to the seven sister states, positions us uniquely to tap into the vast potential of Southeast Asia.”

Borah pointed out that Assam’s export profile has witnessed a significant transformation with exports going up from Rs 2,474 crore in 2017-18 to Rs 3,664 crore in 2023-24, with key contributors being tea (55%), petroleum products (23%), and pharmaceuticals (5%).

The Industries and Commerce Minister said the One District One Product (ODOP) initiatives have helped in identifying and promoting unique products from each district such as muga silk, tea, and handloom products thus enhancing local entrepreneurship and export potential.

“In Assam, 29 unique ODOP products are identified across 35 districts. Geographical Indications (GIs) play a crucial role in protecting, promoting, and commercialising region-specific products. Assam, with 31 GI products showcase the State’s rich cultural and artisanal legacy,” he said, adding, “Assam’s GI portfolio include remarkable handicrafts such as the iconic Jaapi headwear, skillfully crafted from bamboo and cane, the intricate Bell Metal Craft, producing unique utensils and decorative pieces and the Bihu Dhol, a rhythmic symbol of Assam’s vibrant festivals. These GI-certified products serve as vital economic drivers, sustaining the livelihoods of artisans, weavers and farmers across the State.”

Borah said that Assam with its rich natural resources and strategic location holds significant export potential. “The State is renowned for its Assam tea, which is exported globally. Additionally, Assam’s abundant agricultural produce, including spices, fruits, and medicinal plants, offers considerable opportunities for export. Its proximity to ASEAN countries further enhances its potential as a key player in cross-border trade.”

He said that the State Government, in an ambitious bid to diversify its manufacturing and export portfolio, is aggressively promoting high-potential sectors such as electronics, semiconductors, and renewable energy. “The Tata OSAT semiconductor plant at Jagiroad, a significant milestone in itself, positions Assam as a key player in the global semiconductor industry. This facility not only enhances Assam’s manufacturing capabilities but also sets the stage for exponential growth in exports,” he said.

Borah said that the State Government in order to sustain and accelerate growth is enhancing trade infrastructure at key border points like Sutarkandi, Golokganj, Mankachar (Bangladesh), and Darranga (Bhutan) to facilitate smoother cross-border trade and deeper integration with its neighbours.

He said the Jogighopa Multi-Modal Logistics Park, India’s first international MMLP, spread over 317 acres along the Brahmaputra, will integrate road, rail, air, and waterway connectivity. “This state-of-the-art facility will handle 13 million metric tons annually, reduce logistics costs by 10%, and generate approximately 20 lakh direct and indirect jobs,” he said.

While appealing to the industry captains and investors to invest in Assam, Minister Borah said, “The Northeast holds a pivotal role in shaping a developed Bharat. With the collective efforts of the Government of Assam, the Government of India, and our industrious citizens, we are poised to elevate Assam’s economic landscape to unprecedented heights.”

The ministerial session was attended by Co-chair FICCI Committee on Logistics, Anil Syal, industry leaders, delegates, Government officials, among others.

The summit include ministerial sessions, business-to-government sessions, business-to-business meetings, startups and exhibitions of policy and related initiatives taken by state governments and central ministries for investment promotion.

The key sectors of investment promotion include tourism and hospitality, agro-food processing and allied sectors, textiles, handloom and handicrafts, healthcare, education and skill development, information technology and information technology enabled services, infrastructure and logistics, energy, entertainment and sports.

The two-day Summit is being organised by DoNER in collaboration with FICCI and Invest India.