Published On: Sat, Feb 3rd, 2018

PM inaugurates Global Investment Summit in Guwahati, says NE key to Asean connect

Guwahati: Prime Minister Narendra Modi on Saturday inaugurated the two-day Global Investment Summit in Guwahati, a first of its kind initiative in the northeast, and said a new terminal being constructed at Guwahati airport would boost the region’s connectivity with Asean countries.

Rs 4,700 crore was allocated to extend railway connectivity to 15 new destinations

Addressing the event, being held at the Sarusojai Stadium in Guwahati, the Prime Minister expressed his happiness that Bangladesh and Bhutan have opened their consulate offices in Guwahati and said the northeast is at the heart of India’s ‘Act East Policy’.

Modi said the initiatives taken by the BJP-led NDA government at the Centre for the last three and half years “are becoming evident” and that his government had spent Rs 5,300 crore every year in northeastern states to improve the railway network.

“Rs 4,700 crore was allocated to extend railway connectivity to 15 new destinations. When the Agartala (Tripura)-Akhaura (Bangladesh) railway connectivity becomes a reality in the near future, the whole region will be benefited,” said Modi.

He said the tagline of the meet – ‘Advantage Assam: India’s expressway to ASEAN’ – is very appropriate and not just a statement but it is a “comprehensive vision”.

“We created the Act East Policy and the Northeast is at the heart of it. The Act East Policy requires increased people to people contact, trade ties and other relations with countries on India’s east, particularly Asean countries,” Modi said.

“Our vision is development of the eastern part of India, as the country’s fast pace of development will only be effective when the people living in the northeast develop,” he said.

Modi said that roads and railways are being constructed at a faster pace in the northeast and electricity is being generated at a similar pace.

The summit, a first of its kind two-day initiative, is expected to see participation of top industrialists of the country including Ratan Tata and Mukesh Ambani.

The summit is likely to see the participation of over 5,000 delegates from across the world, including Asean countries.

Officials said that over 250 MOUs worth Rs 60,000 crore are expected to be signed on the first day of the summit on Saturday.

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