Assam Chief Minster Sarbananda Sonowal today invited industrialists from Tamil Nadu to invest in the state, saying his government has announced key initiatives to boost trade, including the "Act East Policy".
He said Modi had termed the north-east region as the new engine of India's growth.
"That is only in the last 1.5 years. New policies, reforms, establishing new units by famous brands (in Guwahati) has given a new vibrancy to the industrial scene of the state," he said.
The government has announced very attractive tax incentive for the industry.
"A new startup policy supporting young entrepreneurs has been put in place. We have also announced a very attractive IT enabled services policy and a bio-technology policy," Sonowal said.
Detailing other initiatives taken up by the government, he said steps have been taken up to upgrade Guwahati airport as an international airport, mainly connecting the South-East Asian countries.
Work for the construction of new terminal and expansion of the airport has already begun, he added.
Noting that the government has taken steps to give Guwahati a new global identity, the chief minister said, "We are planning to develop Guwahati as a new city with modern facilities to boost economic and commercial ties between India and ASEAN countries".
"We are working to get consulates of more neighbouring countries and ASEAN nations in Guwahati", Sonowal added.
"I think may be next month or in this month, we would be seeing a new investment policy. It is in the very advanced stage of discussion and finalisation," he said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)