Assam would be hosting its first Global Investors Summit in Guwahati from 3- 4 February 2018. It would be inaugurated by Prime Minister Narendra Modi.
The state government plans to utilise the event to showcase Assam's business potential with attractive policies in order to attract more investments. The decision was taken during the state’s cabinet meeting, which was held recently.
Besides this, cabinet also approved amendments to Preferential Purchase Policy to boost businesses of the micro, small and medium enterprises (MSME).
Speaking on the same, the state’s Commerce and Industry Minister, Chandra Mohan Patowary said, "Under the new policy, it will be made mandatory for all government and semi-government offices to make at least 25 per cent of all purchases from local MSMEs.” He added saying that the existing policy was not being actively pursued and the changes are expected to make it more effective.
The cabinet also decided to set up an industrial zone on 160 sq km, which will be converted into a land bank.
Further, a new sugar policy was also approved by the cabinet to facilitate setting up of sugar mills in the state and encourage sugarcane farming to make the state a hub of sugar production.