Union IT Minister Ravi Shankar Prasad, Assam Governor Jagadish Mukhi, Chief Minister Sarbanada Sonowal, Arunachal Pradesh Chief Minister Pema Khandu among others were present at the ceremony.
"This event in Assam is a big boost to the unexplored potential of the region and will supplement India's Act East policy", Jitendra Singh told the media here.
He further said that the event vindicates the Government of India's priority is North east's development.
Talking about the 'Advantage Assam - Global Investors Summit 2018′, the Minister informed that top corporate honchos - Ratan Tata, Mukesh Ambani, Dilip Sanghvi and Anand Burman, physician Naresh Trehan and filmmaker Subhash Ghai will participate in the summit.
Two days ahead of first ever global investors summit in Assam, the state government on Thursday said it is open for only non-polluting industries and has decided not to allow any coke-based units, irrespective of the investment.
"For realising the potential of Assam, Advantage Assam is our honest efforts to turn the State into a prime hub of economic activity and to explore all possibilities with Southeast Asia by reviving our age-old links with the region, said Sonwal".
The state has identified a number of focus sectors, including agriculture and food processing, organic cultivation and bamboo, handloom, textile and handicrafts, inland water transport, port township and river front development and logistics. The summit, being organised on February 3-4, will also see participation of business leaders and ministers from as many as 20 countries such as the ASEAN, the US, Czech Republic, Germany, Japan, UAE and Israel.
Bangladesh Industry Minister Amir Hossain Amu, Cambodian Tourism Minister Thong Khon, Myanmar Commerce Minister Than Myint, Lao PDR's Vice Minister of Information Culture and Tourism Ounethoang Khaophanh are also likely to attend the event.
The prime minister said the tagline of the summit "Advantage Assam: India's Express way to ASEAN" is not just a statement but is a comprehensive vision.
"Assam has a unique advantage of being at a strategic geographic location with a strong connectivity network, making it an ideal destination for doing business with the ASEAN countries", Mr Tiwari said.
Modi said development of MSME sector is a priority for the government as this is the back-bone of country's industries.
The Union government has taken up many path breaking economic reforms in last three years, which have simplified procedures for doing business, he said.
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