Tue Feb 25 07:17:26 UTC 2025: ## Assam Aims for Domestic and Foreign Investment Boost at Business Summit
**Guwahati, Assam –** The Advantage Assam 2.0 Investment and Infrastructure Summit, inaugurated today by Prime Minister Narendra Modi, aims to attract significant investment from both domestic and international sources. Union Minister of State for External Affairs and Textiles, Pabitra Kumar Margherita, stated that the summit has drawn representatives from over 60 countries, alongside major Indian industry players.
Minister Margherita highlighted key sectors attracting investor interest, including hospitality, healthcare, and textiles. He emphasized the importance of balanced domestic and foreign investment, citing the recently announced Tata semiconductor unit as a significant step in attracting domestic investment. The state government’s recently approved Textiles and Apparel Policy is expected to further boost Assam’s textile industry, building upon its existing handloom and handicrafts sector.
The two-day summit is expected to yield substantial investment proposals, with the government committed to facilitating investment across various sectors. Minister Margherita expressed optimism about the summit’s potential to significantly contribute to Assam’s economic growth.
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