Narendra Modi, Prime Minister of India, has spotlighted the Northeast region, particularly Assam, as a burgeoning hub for energy and semiconductor industries, signalling a transformative phase in India's economic development. Addressing the 'Advantage Assam 2.0' Investment and Infrastructure Summit in Guwahati, PM Modi highlighted Assam's remarkable economic growth.

He noted that the state's economy has doubled from approximately ₹2.75 lakh crore in 2018 to ₹6 lakh crore in 2024, attributing this progress to the 'double-engine' governance model that combines efforts of both state and central governments.

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Semiconductor hub: Major Investments Fuelling Growth

The summit witnessed significant investment announcements from major industrial players. The Tata Group unveiled plans for a semiconductor assembly and test facility in Morigaon, Assam, with an investment of ₹27,000 crore. This facility is expected to produce up to 48 million semiconductor chips daily, positioning Assam as a key player in the global semiconductor supply chain.

Additionally, the Adani Group announced a commitment to invest ₹50,000 crore across various sectors in Assam, including infrastructure, energy, and logistics. Reliance Industries also pledged a similar investment amount, focusing on technology and digital infrastructure, further cementing Assam's status as an attractive destination for large-scale investments.

The North East is becoming a key destination for sectors like energy and semiconductors. pic.twitter.com/GYa6g67vhy

— PMO India (@PMOIndia) May 23, 2025

Strategic Position and Policy Support

PM Modi emphasised Assam's strategic location as a gateway to Southeast Asia, enhancing its appeal for trade and investment. He also highlighted policy initiatives like the North East Transformative Industrialisation Scheme (UNNATI), designed to boost industrial growth in the region.

The Prime Minister pointed out substantial improvements in Assam's infrastructure, including the construction of new bridges and the expansion of rail and air connectivity. These developments have significantly improved the state's accessibility, making it more conducive for business and tourism.