Davos 2026: Assam seeks MoUs near ₹1 lakh crore; focus on green energy and semiconductors
ADVERTISEMENT
Assam marked its debut at the 56th World Economic Forum Annual Meeting in Davos with an ambitious investment pitch, as Chief Minister Himanta Biswa Sarma said the state is looking to sign fresh memoranda of understanding (MoUs) worth close to ₹1 lakh crore during the global summit.
Leading Assam’s delegation at Davos, Sarma positioned the state as one of India’s fastest-growing economies and an emerging investment destination, inviting global companies to explore opportunities in green and new energy, semiconductors, and tourism. He described Assam as a “natural destination” within India’s growth story, particularly as the country continues to post robust economic expansion.
What are the proposed MoUs
The chief minister said the proposed MoUs at Davos will largely focus on green and new energy projects, building on commitments secured at the Advantage Assam 2.0 Investment and Infrastructure Summit. At that summit, the state had signed MoUs worth nearly ₹5 lakh crore, of which projects worth about ₹3 lakh crore have already been grounded through land allocation and the commencement of work.
“Based on our track record, we expect to sign MoUs close to ₹1 lakh crore during my stay in Davos, primarily in green and new energy sectors,” Sarma said. He said several proposals are already in the pipeline, including a large solar power plant, a Palm Storage Project, and a bamboo-to-methanol conversion facility, reflecting Assam’s push towards sustainability and value-added industries.
January 2026
Netflix, which has been in India for a decade, has successfully struck a balance between high-class premium content and pricing that attracts a range of customers. Find out how the U.S. streaming giant evolved in India, plus an exclusive interview with CEO Ted Sarandos. Also read about the Best Investments for 2026, and how rising growth and easing inflation will come in handy for finance minister Nirmala Sitharaman as she prepares Budget 2026.
Semiconductor hub in Assam
On the industrial front, Sarma said Assam is engaging with global semiconductor players, supported by Tata Group’s expanding presence in the state. He said while no final agreements have been concluded yet, discussions at Davos would help strengthen the semiconductor ecosystem in the region. “With Tata Group setting up operations, the ecosystem is gradually taking shape, and these interactions will move things forward,” he said.
New luxury hotels
Tourism is another key focus area, with the chief minister revealing plans to sign MoUs for luxury hotels in Guwahati and Kaziranga, aimed at upgrading hospitality infrastructure and attracting high-end tourists.
Citing Reserve Bank of India data, Sarma said Assam currently tops the growth charts among Indian states while also pointing to the International Monetary Fund's upward revision of India’s growth forecast to over 7%. Urging investors to look beyond traditional hubs, he described Assam as an “emerging state in an emerging economy”.
Gateway to the Northeast
Positioning Assam as the gateway to the Northeast, Sarma highlighted that investments in the state have a multiplier effect across the region. “Industries may be located in Assam, but they draw talent and resources from all northeastern states. Investment in Assam benefits the entire Northeast,” he said.
On Day 2 of the WEF, the chief minister will engage with several global leaders and leading enterprises, deepening partnerships and reinforcing Assam’s growing presence on the world stage.