GUWAHATI, Jan 30 - The Assam Real Estate and Infrastructure Developers� Association (AREIDA) has welcomed the initiative of the Government of Assam in organising the Global Investors� Summit showcasing �advantage of Assam�.
AREIDA president PK Sharma said every state in the country and every country in the world is in intense competition with each other in wooing investment.
�Prosperity of the states across the world depends singularly on economic activity. Investment in various enterprises generates revenue for the government to spend on developmental work and welfare activities, creates jobs for the unemployed and brings economic prosperity to the region. The people of Assam in their own interest must create a congenial atmosphere for economic growth so that investors are attracted to the State. The government must also ensure that the regulatory framework is attractive to the investors in this competitive age,� he said.
Sharma said the real estate sector has a huge potential for investment to the tune of one lakh fifty thousand crore rupees in its various components like housing, commercial complex, malls, office space, warehousing and cold storage, convention centres, parking complexes, support infrastructure for tourism like hotels and resorts, educational and sports infrastructure, etc. �When we are promoting Assam as a gateway to the ASEAN we need to draw inspiration from the more advanced cities in this the region like Singapore, Shanghai and Hong Kong. However, the government must realise that the regulatory framework must be competitive and genuinely be an �advantage� to the investor and not a mere empty slogan and notify the long-pending Building Bye Laws without any further delay,� he said.