Advantage Assam 2.0 Summit in Guwahati to Propel Economic Growth with INR 1.89 Lakh Crore MoUs and Major Infrastructure Enhancements

The upcoming Advantage Assam 2.0 Summit in Guwahati is poised to significantly accelerate economic growth, securing Memorandums of Understanding (MoUs) worth INR 1.89 lakh crore. The event aims to catalyze development through extensive infrastructure initiatives, including substantial road and rail network expansions to improve regional connectivity. Additionally, the strategic utilization of water transport on the Barak and Brahmaputra rivers is expected to stimulate commercial activities, driving overall economic prosperity in the region.

Advantage Assam 2.0 Investment and Infrastructure Summit in Guwahati Drives Economic Growth with INR 1.89 Lakh Crore Investments

The Advantage Assam 2.0 Investment and Infrastructure Summit recently unfolded in Guwahati, marking a pivotal moment for the state’s economic and infrastructural development. Designed to attract substantial investments and strengthen regional connectivity, the summit witnessed the signing of 164 Memorandums of Understanding (MoUs) on the first day, totaling approximately INR 1.89 lakh crore in pledged investments.

On the second day, February 26, the focus shifted to enhancing connectivity through road and water transport, emphasizing the state’s commitment to reducing travel times and improving accessibility. A special session on road transport, railways, and shipping underscored the transformative potential of the massive infrastructure package worth INR 55,179 crore, announced by Union Minister Nitin Gadkari, signaling a significant leap forward for Assam’s connectivity and economic landscape.

Four-Lane Road from Guwahati to Barapani Set to Revolutionize Connectivity and Boost Industrial Access

A major infrastructure project highlighted at the Advantage Assam 2.0 Summit is the development of a four-lane road connecting Guwahati to Barapani (Umiam, Meghalaya). This ambitious project, featuring multiple tunnels, aims to significantly enhance connectivity to Panchgram, a crucial industrial hub known for its papermill, while drastically reducing travel times. With an estimated investment of INR 25,000 crore, the project is designed to facilitate seamless transportation across Assam, enabling faster and more efficient regional connectivity within five hours, thus bolstering economic growth and industrial expansion.

Advantage Assam 2.0 Summit Unveils New Railway and Waterway Initiatives to Boost Connectivity and Economic Growth

The Advantage Assam 2.0 Summit brought transformative announcements aimed at enhancing the state’s transportation and economic landscape. Plans were revealed for two new intercity trains, connecting Guwahati with Silchar and Agartala, significantly improving regional passenger transport. These initiatives are set to strengthen Assam’s railway network, which has expanded by 1,824 km since 2014. The launch of Gati Shakti cargo terminals is also expected to accelerate freight movement, bolstering economic growth.

Further advancing the development agenda, a strategic focus was placed on leveraging Assam’s waterways. Utilizing the Barak and Brahmaputra rivers for both cargo and passenger transport promises to revolutionize connectivity and unlock new trade opportunities. By prioritizing road, rail, and water mobility, Advantage Assam 2.0 positions the state as a key economic hub, attracting investments and fostering sustainable growth.

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