At the Advantage Assam 2.0 Investment and Infrastructure Summit 2025, ONGC Chairman and CEO Arun Kumar Singh highlighted the region’s growth potential and reaffirmed the company’s dedication to expanding exploration and production in the Northeast. He stated, “The Northeast holds limitless opportunities in the hydrocarbon sector, and we are eager to explore more and produce more.”
ONGC, which has a long-established presence in the region, plans to accelerate exploration and production efforts to tap into the full potential of Assam’s and the broader Northeast’s hydrocarbon reserves.
The two-day summit, which concluded on Wednesday, saw a staggering investment commitment of Rs 491,500 crore, marking a pivotal moment in Assam’s economic transformation.
During the closing ceremony in Guwahati, Chief Minister Himanta Biswa Sarma called the summit a landmark event in Assam’s development, emphasizing that it had generated strong positive sentiment. This, he said, would pave the way for sustainable economic growth, positioning Assam as a key player in the nation’s vision of a “Viksit Bharat.”
The Chief Minister further stressed that the summit would help shift Assam from being a state that relies on external investments to one that actively contributes to India’s economic progress. Reflecting on Assam’s rich industrial heritage, he noted that the state was home to India’s first coal mine, first oil field, and first oil refinery, underscoring its historical significance in the nation’s energy sector.
The Advantage Assam 2.0 summit proved to be an essential platform for collaboration among investors, industry leaders, and policymakers, aiming to strengthen Assam’s industrial and infrastructure framework. With commitments covering various sectors, the event is set to generate employment, stimulate regional trade, and enhance Assam’s status as a leading investment hub in India.
Union Minister of Industry and Commerce, Piyush Goyal, also spoke at the summit, commending Assam’s 7D qualities: democracy, demography, demand, diversity, dependability, digitization, and decisive leadership.
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