In a record-breaking achievement, the Assam Government has managed to attract investments or MoUs worth ₹6.47 lakh crore in the last four years. The number has been achieved due to the stewardship of Chief Minister Dr. Himanta Biswa Sarma, who is leaving no stone unturned to make the State one of most preferred investment destinations. One-and-a-half year ago, the relentless efforts of the Chief Minister successfully brought in Tata Group’s ₹27,000 crore semiconductor assembly and test facility at Jagiroad in Morigaon, expected to create 15,000 direct and equal numbers of indirect jobs. Going beyond employment, the facility is likely to produce 48 million Assembled Tested Marked and Packaged (ATMP) chips per day. Additionally, investments in 28 proposals under IIPA 2019 (as amended) of ₹14,603.02 crore have been made by industrialists which is expected to generate 20,497 jobs. Driving Self-Reliance In the last four years, MSME (Micro, Small, and Medium Enterprises) registrations under UDYAM has increased around 30 folds from 9,371 in the year 2020 to 2.85 lakh in 2024 alone. Till April 2025, 7,64,191 MSMEs are registered in Udyam Portal, generating approximately 25.58 lakh jobs. Assam Credit Guarantee Scheme (ACGMSE) launched in FY 2022–23 in partnership with SIDBI, has supported 75,747 MSEs in FY 2024–25, covering loans worth Rs 6,436 crore—a 72% rise in loan value and 119% increase in the number of enterprises. The scheme has already supported 21,195 MSEs in 2022-23 with an amount of ₹2,156 crore and 34,556 MSEs in 2024-25 with an amount of ₹3,750 crore. In FY 2024–25, the IC&PE Department exceeded its Prime Minister’s Employment Generation Programme (PMEGP) target by 132%, supporting 3,170 micro-enterprise units, creating 25,360 jobs, and disbursing ₹91.09 crore in marginal subsidies. Under the PMFME Scheme in Assam, 30,256 SHG members received ₹89.61crore in seed capital support—₹69.66 crore. to ASRLMS and ₹19.95 crore. to ASULMS and banks sanctioned 111.53 crore. for 3,156 loan proposals, with subsidies totalling ₹41.45 crore. Under the North East Industrial Development Scheme (NEIDS), 619 MSMEs received incentives amounting to ₹865.28 crore, linked to fixed investments of ₹2,973.18 crore. Additionally, under the UNNATI scheme, the Government of India approved 35 industrial units in Assam with committed investments of ₹7,182.83 crore. Till date, six industrial estates have been completed while 16 projects are on-progress. The Government of Assam, in collaboration with SIDBI, has established the Assam Venture Capital Fund with a corpus of ₹200 crore to support emerging start-ups. Further, to foster a thriving start-up ecosystem, Assam Start-up has conducted over 450 awareness sessions including 80-odd promotional events held across various districts in FY 2023–24 and FY 2024–25. Assam-based start-ups collectively raised over ₹20 crore in funding. Enabling the Ease of Doing Business (EoDB) through streamlined service delivery, 23 departments offering over 270 services on a single digital platform, with 21 auto-approved services and a PAN-based Unique Business User ID to simplify user identification have been introduced. Meanwhile, over 26 lakh applications have been disposed of with an impressive 98.5% average disposal rate. The digital reforms since 2022 have significantly boosted property tax efficiency, evidenced by a 51% rise in registered holdings, 4.83 lakh geo-tagged properties and over double growth in tax collections from FY 2021-22 to FY 2024-25. Centre’s Support The Union Cabinet, chaired by the Prime Minister, approved the establishment of a 12.7 Lakh Metric Tonnes (LMT) Brownfield Ammonia-Urea Complex at BVFCL Namrup, with a total investment of ₹10,601.40 crore. The Government of Assam will contribute 40% of the equity capital to this JV. Ongoing expansion project of Numaligarh Refinery Limited (NRL) worth ₹28,026 crore with ₹617 crore already invested by the Assam Government out of its planned ₹823 crore equity. This project is expected to create 500 direct, 1,500 contractual, and 3,000 indirect jobs. North East Gas Distribution Company Ltd, a JV of AGCL and OIL, is being developed with an estimated investment of ₹3,545 crore, generating 150 direct and 1,500 indirect jobs.
