Assam is set to see a big investment that could change its cities and economy.Santanu Ghosh, Chief Coordinator of KPC Group and Polaris has expressed his business group’s keen interest in making a substantial investment in the state. In a proposal submitted to Assam Chief Minister Himanta Biswa Sarma, Ghosh outlined an ambitious plan to construct the tallest skyscraper in the state along with several large-scale projects aimed at transforming Assam’s infrastructure.
The proposed investment, valued at over Rs 2,500 crore is envisioned as an “epic and landmark” development that would put Assam on the global investment map. What sets this proposal apart is that Polaris Group is not seeking any financial assistance from the Assam government; the entire funding will be managed by the business group itself. The only requirement, Ghosh said is the cooperation and support of the state government, particularly in securing land for the proposed developments.
Ghosh said that Assam holds a special place in his heart, as it is his motherland. He has successfully convinced his group’s head, K.P. Choudhury, an American NRI to prioritize Assam for this massive investment. Choudhury has already met with Prime Minister Narendra Modi, who has assured him of full support and cooperation for investments in India.
The group has an extensive track record of developing major projects across multiple countries and they now aim to bring their expertise to Assam. The proposed skyscraper and other projects will not only boost employment and enhance real estate and commercial spaces in Assam but also serve as a major tourist and business attraction driving economic growth.
If approved, this investment could serve as a milestone in Assam’s developmental journey, reinforcing its position as an emerging economic powerhouse in the Northeast.
The timing of this investment proposal is particularly significant as Assam prepares to host “Advantage Assam 2.0 – Investment and Infrastructure Summit 2025” on February 25-26, 2025, at the Veterinary Field, Khanapara in Guwahati. This summit, billed as the largest investment promotion event in Assam aims to showcase the state’s vast investment potential.
With Assam experiencing a remarkable 19.5% year-on-year surge in Gross State Domestic Product (GSDP) in FY 2023, the state has emerged as an attractive destination for investors. Assam’s strategic geographical location as the gateway to Northeast India and Southeast Asia adds to its appeal, making it a key player in sectors like infrastructure, agriculture, food processing, tourism, IT, and manufacturing.
The state has already attracted high-value investments, such as Tata’s USD 3.3 billion Outsourced Semiconductor Assembly and Test (OSAT) project in Jagiroad. The upcoming Advantage Assam 2.0 Summit is expected to facilitate G2B and B2B meetings, showcase export-oriented manufacturing opportunities and connect investors with policymakers and industry leaders.
