Chief Minister Himanta Biswa Sarma made the announcement during the Advantage Assam 2.0 Investment and Infrastructure Summit roadshow in Mumbai that the Assamese government is actively working to attract manufacturers of electric vehicles, suppliers of automotive components, and developers of charging stations by providing significant incentives totaling Rs 25,000 crore as part of its larger state-driven Production Linked Incentive (PLI) scheme.
In his speech, Sarma emphasized that the PLI plan seeks to promote growth by strengthening manufacturing capacities and creating job prospects within the state. This effort is based on a “first come, first serve” basis.
He emphasized Assam’s dedication to creating an ideal investment climate while discussing an aggressive policy that seeks investments from India and Maharashtra. He claimed that Assam’s industrial policy is made to outperform the incentives provided by other governments.
With promises of customized incentives and a willingness to directly compete with other states, Sarma stated a positive attitude towards investments above Rs 100 crore.
Assam’s industrial development has grown gradually, with the state concentrating on important industries including tea, agriculture, handicrafts, and oil and gas. Assam is abundant in natural resources, particularly oil, and the state is home to Digboi, India’s oldest oil refinery.
One of the Government of India’s major initiatives to increase domestic manufacturing, improve competitiveness, and draw in foreign investment is the Production-Linked Incentive (PLI) Scheme.