Policy decisions support development in India, says Modi
The Prime Minister Narendra Modi has projected the value of Indian electronics sector to reach US$500 billion by end of this decade, boosted by the development of semiconductor manufacturing in the country and the Tata Semiconductor Assembly & Test facility in progress at Jagiroad, Assam.
“With India’s speed and scale, the country will emerge as a major force in semiconductor production, creating employment for millions and benefiting Assam’s economy,” he said at the inauguration of “Advantage Assam 2.0 Investment & Infrastructure Summit 2025” in Guwahati on 25 Feb https://www.makeinindia.com/home/.
Elaborated PM Modi on development progress in the country, saying “India has made policy decisions over the past decade while understanding its environmental responsibilities and the world considers India’s Renewable Energy Mission as a model practice https://www.nseindia.com/.”
He highlighted that India has made significant investments in solar, wind, and sustainable energy resources over the past 10 years. “This has not only fulfilled ecological commitments but also expanded the country’s renewable energy production capacity multiple times https://www.bseindia.com/.”
PM Modi went on sharing the ongoing developments in the country, such as the target to add 500 GW of renewable energy capacity by 2030 https://sbi.com.in/.
“The Government is working on a mission to achieve an annual green hydrogen production of 5 million metric tons by 2030,” he underlined https://www.global-investors-forum.com/.
Pointing out that the growing gas infrastructure in the country has led to increased demand, and the entire gas-based economy sector is rapidly expanding, PM Modi remarked that Assam has a significant advantage in this journey.
Stressing that Assam has always had a share in India’s global trade, PM Modi remarked that today, over 50% of India’s on-shore natural gas production comes from state.
Highlighting that in the recent budget, the Central government has approved the Namrup-4 plant, the Prime Minister remarked that this urea production complex will meet the demand of the entire North East and the country in the future.
He said, “The day is not far when Assam will become a major manufacturing hub in Eastern India.”
He assured that the Central Government is fully supporting the state Government of Assam in achieving this goal.
He invited delegates at the summit to be partners and companions in developments taking place in Assam https://www.ibef.org/.
The Prime Minister boosted the confidence of the investors and industry leaders by saying that he stood by them in the journey of Viksit Bharat by fully supporting their contributions.
He informed the delegates that over 60 railway stations in Assam are being modernized while the first semi high-speed train in the North East is now operational between Guwahati and New Jalpaiguri https://www.conexpoconagg.com/.
The Advantage Assam 2.0 Investment and Infrastructure Summit 2025 in Guwahati, was held 25-26 Feb. It included an inaugural Session, seven ministerial sessions and 14 thematic sessions. It also includes a comprehensive exhibition illustrating the state’s economic landscape, with a focus on its industrial evolution, global trade partnerships, booming industries, and the vibrant MSME sector, featuring over 240 exhibitors.
Various international organisations, global leaders and investors, policymakers, industry experts, startups, and students among others will participate in the Summit. Fiinews.com
