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    Essay On Private Investment in Assam

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    Abdul Munim

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    Essay On Private Investment in Assam

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    Abdul Munim
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    Essay On Private Investment in Assam

    Uploaded by

    Abdul Munim

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Essay on Private Investment in Assam (APSC Mains)…………..

    Abdul Munim

    Introduction: Liberalization reform of 1990 in India has provided a platform for investors to
    choose their investment location in the country. The present BJP led government of Assam has
    organized first ever global investor summit “Advantage Assam” which encouraged and excited
    private investors to participate. It has seen investment commitment to nearby to Rs. 7000
    Crores in various sectors. Assam government has recognized 12 sectors in the summit.

    Issues attached with private investment: There are various obstacles attached with the
    private investment in Assam.

    1. Natural Calamities: Natural calamities such as floods and droughts which impact a
    large production and income of the state. The quality of infrastructure is pulled down.
    Revenue generated is diverted for the flood relief.
    2. Poor Transport: The difficult terrain contributes to poor transport facilities. Railway
    transport facilities are less than what is required to its need to reach the isolated areas.
    3. Depletion of natural resources: Instead of preservation, it has been observed a
    depletion of huge quantity of natural resources. Investment in Assam is channelized
    towards the exploitation of the rich resources like tea, jute and oil.
    4. Law and order issue: The sensitive border goes against the economic interest of the
    state and maintenance of low and order is a critical subject in the state. Large amount of
    money is spent in the maintenance of the police administration.

    Prospect: We should not ignore the prospect that can parallel flow with the private investment
    undertaken. Assam is not only the largest economy of the north eastern region of India but it is
    also industrially advanced and has comparative proximity of gateway for India to connect with
    ASEAN countries. Its proximity lies with its rich natural resources which are still bringing a
    prominent name in the business of tea. Other resources such as mineral, oil, rubber, cultivation
    of organic vegetables and fruits will bring a respectable position to the state. With the
    advantages of the pleasant climate on scenic landscape, the tourist department is looking for
    private investment to give a boost to tourist and offer a variety of choices for the visitors from
    world heritage site to the temples and monuments. The state also enjoy various educational
    institute which guarantees skilled workforce, the investors do not have to hire workers from the
    other states.

    Conclusion: Assam being a backward state in the country is trying its best to climb the ladder
    of economic development. It has been gifted with rich natural resources which if under proper
    channel made investment in it, would reach to a new height of development. The state
    government of Assam is trying to connect with various investors through summit and positively it
    has resulted with huge amount of investment. Thus we may look for prosperous Assam in near
    future.

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