ASSAM THE LAND OF RED RIVERS AND BLUE HILLS

THE LAND OF RED RIVERS AND BLUE HILLS February 2018

Table of Content Executive Summary...3 Advantage State.....4 Assam Vision..5 Assam An Introduction......6 State Budget... 14 Infrastructure Status...15 Industries...... 35 Doing Business in Assam...... 53 State Acts & Policies.... 55

EXECUTIVE SUMMARY Strong economy At current prices, the gross state domestic product (GSDP) of Assam was US$ 30.72 billion in 2015-16. The GSDP of the state grew at a CAGR of 8.57% from 2005-06 to 2015-16. World s single largest tea growing area Assam has the single largest tea growing area in the world, constituting around one-seventh of the global tea production. The state accounts for over 50% in the country s overall tea production. The state houses Guwahati Tea Auction Centre (GTAC), one of the largest CTC tea auction centres of the world. Attractive tourism industry With its pleasant climate and scenic landscape, Assam is a popular tourist destination. Assam is the most popular tourist destination among the north-eastern states. The state has adopted numerous investor-friendly policies to attract investments & accelerate industrial development. Policy support North East Industrial Investment Promotion Policy & Industrial Policy of Assam facilitate business through fiscal incentives & multi-year concessions to investors. IT Policy and Tourism Policy of Assam have given special attention towards specific sector development. Note: Data is as per latest available information Source: Government of Assam, PRS India 3

ADVANTAGE Per Capita GSDP At current prices, the state s per capita GSDP was US$ 984.47 in 2015-16. Largest economy in Northeast India GSDP grew at a CAGR of 8.57% between 2005-06 & 2015-16. Assam is the largest economy in the Northeast region. Owing to its relative proximity to the rest of the country & availability of quality infrastructure, the state offers a favourable environment for industry. It is the largest economy in the North-East & is known for its large industries in the tea & petroleum sector. Assam has one of the largest networks of higher education in the entire North East. Avenues of investments The state is rich in water resources & has vast tracts of fertile land. Other potential areas of investment include power & energy, mineral-based industries, tourism & crude oil refining. Investments worth Rs 1 lakh crore (US$ 15.5 billion) committed to Assam during Assam Global Investors Summit 2018. In June 2017, India signed a loan agreement worth US$ 39.2 million with the World Bank for the 'Citizen Centric Service Delivery' project in Assam. Per Capita NSDP At current prices, the state s per capita NSDP was US$ 838.51 in 2015-16 Advantage Assam Rich resource pool Assam is rich in natural resources such as natural oil and gas, rubber, tea, and minerals such as granite, limestone and kaolin. Assam contributed about 51.82% in India s total tea production in 2016-17. Tea production in the state stood at nearly 27.99 million kg, as of December 2017. The state has a large skilled workforce. A substantial portion of the state s population (which is in the age group of 15-25) is computer literate Policy and infrastructure support Assam is India s gateway to the Northeast & acts as a vital link for trade with Southeast Asian countries. It is well connected by rail, road, ports & airports. Several concessions & incentives have been provided to attract investors & support development including, IT Policy 2009 & Industrial Policy 2008 13. 4

STATE VISION Promoting sustainable development in agriculture Use of technology and skill development Connectivity by all-weather roads Improvement of state highways & major district roads Improvement of power infrastructure in the state Emphasis on MSME sector Infrastructure development & establishing plastic, banana, bamboo & jute parks Skill development of unemployed youth Industry and commerce Agriculture Vision Infrastructure GSDP growth Targeting over 15% GSDP growth for FY 2017-18 Agriculture & industrial development likely to drive growth Tourism Healthcare Making the state a preferred tourist destination Promote eco-tourism & river cruise tourism; infrastructure development & beautification of historical places Healthcare infrastructure development Creation of health service corporations for free supply of medicines Establishment of medical institutes Source: Government of Assam 5

FACT FILE Assam is known for its tea, petroleum resources, Muga silk and biodiversity. The state has conserved the one-horned Indian rhinoceros from near extinction, along with the Pygmy hog, tiger & various species of birds. It provides one of the last wild habitats for the Asian elephant. Assam is becoming an increasingly popular destination for wildlife tourism. Kaziranga National Park & Manas National Park are registered as world-heritage sites. Source: Maps of India Parameters Capital Assam Dispur Assam is located in Northeast India. The state shares its borders with Arunachal Pradesh, Nagaland, Manipur, Mizoram, Meghalaya, Tripura & West Bengal. The state shares international borders with Bangladesh, Burma & the Kingdom of Bhutan. Assamese & Bodo are the official languages. Bengali holds the official-language status in the 3 districts of the Barak Valley & is the 2nd most spoken language in the state. Assam also has a number of schools with English as the medium of education. The state is a gateway to Northeast India. Guwahati is the largest city of the state. Geographical area (sq km) 78,438 Administrative districts (No) 27 Population density (persons per sq km) 398 Total population (million) 31.2 Male population (million) 15.9 Female population (million) 15.3 Sex ratio (females per 1,000 males) 958 Literacy rate (%) 73.18 Source: Government of Assam, Census 2011 6

IN FIGURES (1/2) Parameter Assam All states Source Economy 2015-16 2015-16 GSDP as a percentage of all states GSDP 1.49 100.0 GSDP growth rate (%) 12.96 8.71 Per capita GSDP (US$) 984.47 1,546 Directorate of Economics & Statistics of Assam, Central Statistics Office Directorate of Economics & Statistics of Assam, Central Statistics Office Directorate of Economics & Statistics of Assam, Central Statistics Office Physical Infrastructure Installed power capacity (MW) 1,504.65 334,399.83 Central Electricity Authority, as of January 2018 Wireless subscribers (No) 22,460,982 1,162,470,432 Internet subscribers (No) 8,430,000 429,240,000 Telecom Regulatory Authority of India, as of November 2017 Telecom Regulatory Authority of India, as of September 2017 National Highway length (km) 3,845 115,435 NHAI & Roads and Building Department Airports (No) 6 125 Airports Authority of India 7

IN FIGURES (2/2) Parameter Assam All states Source Social Indicators Literacy rate (%) 73.18 73.0 Census, 2011 Birth rate (per 1,000 population) 21.7 20.4 SRS Bulletin Investments FDI equity inflows (US$ billion) 0.1 1 357.47 Department of Industrial Policy & Promotion, From April 2000 to September 2017 Industrial Infrastructure PPP projects completed & operational (No) 13 1,534 DEA, Ministry of Finance, Government of India, November 2017 1 FDI inflows for RBI s Guwahati region, which includes Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura, PPP: Public-Private Partnership, SRS: Sample Registration System 8

2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 13.50 14.30 471.90 495.90 17.60 17.60 20.20 602.70 592.40 673.80 24.70 26.80 26.10 812.30 27.00 871.70 836.60 855.50 30.50 955.40 30.72 984.47 ECONOMIC SNAPSHOT GSDP GSDP of Assam at current prices (in US$ billion) Per capita GSDP of Assam at current prices (in US$) 35.00 30.00 CAGR 8.57% 1200.00 CAGR 7.63% 1000.00 25.00 20.00 15.00 10.00 800.00 600.00 400.00 5.00 200.00 0.00 0.00 At current prices, the gross state domestic product (GSDP)* of Assam was US$ 30.72 billion in 2015-16. The GSDP of the state grew at a CAGR of 8.57% from 2005-06 to 2015-16. At current prices, the state s per capita GSDP^ was US$ 984.47 in 2015-16. The per capita GSDP increased at a CAGR of 7.63% between 2005-06 and 2015-16. Note: Data is as per latest available information Source: Directorate of Economics & Statistics of Assam, Ministry of Statistics & Programme Implementation, Central Statistics Office 9

2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 11.90 12.60 15.50 15.50 417.00 437.00 18.00 529.00 522.00 22.10 599.00 23.90 23.20 24.30 26.50 26.16 725.00 777.00 745.00 769.00 830.00 838.51 ECONOMIC SNAPSHOT NSDP NSDP of Assam at current prices (in US$ billion) Per capita NSDP of Assam at current prices (in US$) 30.00 25.00 CAGR 8.20% 900.00 CAGR 7.24% 800.00 700.00 20.00 600.00 15.00 500.00 400.00 10.00 300.00 5.00 200.00 100.00 0.00 0.00 The net state domestic product (NSDP) of Assam was US$ 26.16 billion in 2015-16. The NSDP of the state grew at a CAGR of 8.20% from 2005-06 to 2015-16. At current prices, the state s per capita NSDP^ was US$ 838.51 in 2015-16. The per capita NSDP increased at a CAGR of 7.24% between 2005-06 and 2015-16. Note: Data is as per latest available information Source: Directorate of Economics & Statistics of Assam, Ministry of Statistics & Programme Implementation, Central Statistics Office 10

ECONOMIC SNAPSHOT PERCENTAGE DISTRIBUTION OF GSDP In 2015-16, the tertiary sector contributed 56.85% to the state s GSDP at current prices, followed by the primary sector with a share of 22.18% & secondary sector contributing a share of 20.97%. At a CAGR of 15.07%, the tertiary sector recorded the fastest growth among the 3 sectors from 2004-05 to 2015-16. The growth has been driven by trade, hotels, real estate, finance, insurance, transport, communications & other services. Between 2004-05 & 2015-16, the primary sector expanded at a CAGR of 11.62% and secondary sector grew at a CAGR of 10.31%. 100% 90% 80% 70% 60% Visakhapatnam GSDP composition port traffic by (million sector tonnes) 46.90% CAGR 56.85% 15.07% 50% 27.50% 40% 30% 10.31% 20.97% 20% 25.60% 22.18% 10% 0% 11.62% 2004-05 2015-16 Primary Sector Secondary Sector Tertiary Sector Note: Data is as per latest available information Source: Directorate of Economics & Statistics of Assam, Ministry of Statistics & Programme Implementation, Central Statistics Office 11

ECONOMIC SNAPSHOT AGRICULTURE PRODUCTION Rice, mustard seed, jute, potato, sweet potato, banana, papaya, areca nut, sugarcane & turmeric are some of the major crops in the state. The production of rice in Assam was recorded to be 5,231.0 thousand metric tonnes during the year of 2016-17. Similarly, the production of pulses as well as oilseeds reached 119.0 & 211.6 thousand metric tonnes during the same period. An area of 18,208.05 hectares of land was developed by the state government during 2001-02 & 2015-16. Financial involvement of US$ 2.0137 million was made by the government for making the land appropriate for cultivation. As of June 2017, the funds allocated & released under the 1st instalment of NFSM (NSFM National Food Security Mission) 2017-18 for rice and course cereals were recorded to be US$ 3.70 million & US$ 0.30 million, respectively. The unspent balance of 2016-17 under the NFSM for rice, pulses and coarse cereals is US$ 0.92 million, US$ 4.32 million and US$ 0.03 million respectively. Various schemes related to soil & water conservation are being implemented for improving the productivity & intensity of cropping in the state. Crop Annual production 2016-17 ( 000 MT) Rice 5,231.0 Wheat 31.0 Oilseeds 211.6 Total pulses 119.0 Onion 194.5 Potato 1,039.3 Tomato 415.4 Sugarcane 1,159.0 Fruits 2,412.8 Vegetables 3,3936.7 Spices 333.7 Plantation crops 194.2 Aromatic 0.17 India and the World Bank have signed a loan agreement of US$ 200 million for investments in the agricultural sector in Assam, to help increase the productivity in the sector and benefit more than 500,000 farm households. Source: Ministry of Agriculture Department of Agriculture & Cooperation 12

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18* ECONOMIC SNAPSHOT FDI INFLOWS & INVESTMENTS According to the Department of Industrial Policy & Promotion (DIPP), cumulative FDI inflows during April 2000 to September 2017 totalled to US$ 100 million. The state ministry has promoted Assam as an investment destination and manufacturing hub, at St. Petersburg International Economic Forum at Russia. The state has received US$ 966.83 million worth of investment since 2016 & generated over 40,000 jobs as well. To boost infrastructure in the state, Assam state government has approved various infrastructure projects during 2014-15 to 2018-19. 45 40 35 30 FDI equity Visakhapatnam inflows 1, 2008-09 port traffic to 2016-17 (million(us$ tonnes) million) 42 Commercial & business hub involves investment of US$ 9.62 million 25 20 Logistic hub involves investment of US$ 6.64 million Jute park involves investment of US$ 3.30 million Agro hub involves investment of US$ 33.18 million 15 10 11 8 10 Corporate complex at AIDC Campus involves investment of US$ 9.29 million 5 1 5 0.6 5 2 4 Chemical hub involves investment of US$ 2.49 million 0 IDP Moran involves investment cost of US$ 1.99 million Note: * up to September 2017, 1 Including Arunachal Pradesh, Manipur, Mizoram, Meghalaya, Assam and Tripura Source: Department of Industrial Policy & Promotion 13

STATE BUDGET 2017-18 Head Revenue Account Receipts State s Own Tax State s Own Non Tax State s share in Central Taxes Grants-in-aid from Centre Revenue Account Disbursements Revenue Account Surplus Capital Account Receipts Estimated capital expenditure Estimated revenue expenditure Consolidated fund receipt Contingency fund receipt Expenditure towards education department Expenditure towards rural development department Expenditure towards health department Expenditure towards police department Expenditure towards roads and bridges Expenditure towards roads and bridges US$ 11.32 billion 2.57 billion 1.19 billion 4.16 billion 3.39 billion 10.93 billion 384.03 million 2.24 billion 2.82 billion 10.93 billion 13.56 billion 16 million 1.75 billion 1.14 billion 741.44 million 740.96 million 615.84 million 435.68 million Source: State Finance Commission Cell 14

PHYSICAL INFRASTRUCTURE ROADS (1/2) During 2015-16, NHIDCL initiated 4-laning of NH-37, of length 179 km, from Numaligarh to Dibrugarh. Further, under CM s special package for manufacturing of border area bridges & roads, 158 km of roads was constructed. During 2017-18, Rs 877 crore (US$ 135.5 million) have been sanctioned for development of national highways in the state. Development of around 1,129 km of national highways has been undertaken in the state from 2006-07 till 2015-16. The 4-laning of NH-37 from the LGBI airport to Jalukbari is among such developments. Source: Maps of India The road network in Assam in terms of road density (road length per thousand sq km of all roads) is extensive. The Assam State Transport Corporation (ASTC) has been providing state road transport services since its establishment in 1970. In order to enhance infrastructure in the state, 7 new National Highway projects were announced by the government during 2016-17, with an expenditure of US$ 53.15 million. Road type Road length (km) National highways 3,862.54 State highways 4,379 Major district roads 4,379 Rural roads 36,544 Source: Ministry of Road Transport & Highways, Economic Survey of Assam, 2014-15, State Interim Annual Financial Statement and Demand for Drafts, 2016-17 15

PHYSICAL INFRASTRUCTURE ROADS (2/2) In February 2018, the Ministry of Road, Government of India announced plans to build a multimodal logistics park (MMLP) in Jogighopa, a small town in Assam. This is expected to make Assam into India s gateway to the rest of North-East India and South-East Asia. The state government came up with Swahid Kushal Kowar Paki Path Nirman Achani & Fakhrudin Ali Ahmed Scheme for fulfilling the construction of interlocking concrete roads across each constituency of the state, during 2015-16. Further, under the CM s Special Package for Barak Valley, a total of 248 km roads were completed during 2015-16. Similarly, the works on 158 km roads under CM s Special Package for Special Focus were also completed during the same time period. To improve infrastructure in the state, the Central Government has planned to invest US$ 14.94 billion to boost Road & Inland waterways network in Assam. In December 2016, the Central Government announced an investment of US$ 769.23 million for the construction of a 12 km-long elevated railway corridor inside Guwahati, contributing to the smart city project. In a meeting with Union Road Transport Highways & Shipping Minister, Nitin Gadkari, in February 2017, the state government discussed issues related to fast-tracking pending road & highway projects in the state. India s longest bridge over the Brahmaputra river in Assam was inaugurated on 26 May 2017 by Prime Minister Modi. The 9.15-km long Bhupen Hazarika Bridge will reduce the travel time between Assam and Arunachal Pradesh from six hours to just one hour as the distance will shrink by 165 km. Source: State Interim Annual Financial Statement and Demand for Drafts, 2016-17 16

PHYSICAL INFRASTRUCTURE RAILWAYS As of December 2016, Assam had a total railway route length of approximately 2,442.57 km, comprising 2,400.9 km under broad gauge and 41.7 km under metre gauge. The headquarters of the North-East Frontier Railways is located at Maligaon, on the outskirts of Guwahati. Within the state, all major towns such as Dibrugarh, Tinsukia, Jorhat, Nagaon, Guwahati, Tezpur, Barpeta & Bongaigaon are well connected by the railway network. Source: Maps of India The BG Lumding-Silchar track was inaugurated in November 2015 by the Union Railways Minister. As per the railway budget 2016-17, this track will help in linking the Barak valley with rest of the country. The main rail track on Barauni-Katihar-Guwahati will be electrified for faster movement. For improving the freight movement through railways & for faster & reliable goods movement rolling stock examination facilities have been created. Bogibeel, India s longest rail-cum-road bridge, is expected to be inaugurated in June 2018. The bridge will improve connectivity in eastern region of Assam and Arunachal Pradesh. Source: Economic Survey of Assam, 2016-17 17

PHYSICAL INFRASTRUCTURE AIRPORTS Assam has 6 operational airports including an international airport, Lokpriya Gopinath Bordoloi International Airport, at Guwahati & domestic airports each at Guwahati, Tezpur, Jorhat, Dibrugarh, Silchar & North Lakhimpur. Some of the tea gardens have their own air-strips & aircraft. Flights to & from the South East Asian cities are in the offering through the LGB International Airport at Guwahati. The state government had announced plans to establish a Greenfield project at Kokrajhar. Moreover the government is also planning to up-grade existing airports, anticipating the future increase in demand of airports. Lokpriya Gopinath Bordoloi International Airport & Dibrugarh Airport are the highly popular airport in the state. Aircraft movement from Guwahati & Dibrugarh airports stood at 30,526 & 2,002, respectively during April-December 2017. Passenger traffic at Guwahati and Dibrugarh airports during April-December 2017 was 3,461,933 & 251,360 respectively. Freight handled at Guwahati & Dibrugarh airport was 17,486 tonnes & 481 tonnes, respectively, during April- December 2017. Airport indicators (April-December, 2017) Airport Aircraft movements (in no) Passengers (in no.) Freight (in tonnes) Guwahati 30,526 3,461,933 17,486 Silchar 3,304 263,038 417 Lakhimpur 328 9,818 0 Jorhat 652 55,260 39 Dibrugarh 2,002 251,360 481 Source: Airports Authority of India, N.A. Not Available 18

PHYSICAL INFRASTRUCTURE INLAND WATERWAYS Assam s major river routes are along the Brahmaputra & Barak rivers, with a navigable length of 891 km & 121 km respectively. 7 port locations are operational in the state for import & export to the Kolkata & Haldia ports. The Brahmaputra river is known as the National Waterway (NW) No.2 (the Ganges is known as the National Waterway No.1). The Directorate of Inland Water Transport (IWT) & Central Inland Waterways Corporation of Assam operate water transport services along the Brahmaputra and Barak rivers on a commercial basis. These services are used to transport passengers & goods across the state & to West Bengal. The chief goods that are transported include jute, coal, fertilisers, cement, machinery, forest & agricultural products. The present cargo handling capacity of the fleet is nearly 10000 metric tonnes. Container Corporation of India Limited (CONCOR) operates an Inland Container Depot (ICD) at Amingaon, 10 km from Guwahati. 2 bonded warehouses of CONCOR along with a private warehouse (total area of 6,400 sq m) operate from the ICD. As per the state budget 2016-17, the state government has initiated work over projects which are to be financed by the Asian Development Bank during 2015-16. Moreover, the Brahmaputra Gallery is also planned to be established at Water Research & Management Institute of Guwahati during the same period. To further boost development of the inland waterways project in Assam, a total of 871 km of Brahmaputra will be dredged. In February 2018, Ola signed an MoU with the state government to start a water taxi service in Guwahati. Container Corporation of India Ltd (CONCOR) operates an ICD at Amingaon, 10 km from Guwahati having 1 Reach Stacker with 50 MT capacity & 2 sling cranes with 35 MT capacity. 2 bonded warehouses of CONCOR along with a private warehouse adding up a total area of 6,400 sq m operate from the ICD. Source: Directorate of Inland Water Transport of Assam, ICD - Inland Container Depot 19

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18* 980.3 978.8 978.8 1,020.0 1,140.0 1,143.0 1,263.1 1,369.4 1,599.7 1504.7 PHYSICAL INFRASTRUCTURE POWER (1/2) As of January 2018, Assam had a total installed power generation capacity of 1,504.65 MW, of which 1,045.81 MW was under central utilities, 418.46 MW was under state utilities and 40.38 MW was under the private sector. 1,800.0 Visakhapatnam Installed power port traffic capacity (million (MW) tonnes) The private sector controlled capacity comprises gas-based power plants. As of January 2018, of the total installed power generation capacity, thermal power contributed 1,027.53 MW, hydropower contributed 431.23 MW & renewable power contributed 45.89 MW. Ministry of New and Renewable Energy (MNRE), Govt. of India has proposed 688 MW of generation capacity from the renewable energy sources in Assam till 2021-22 out of which 663 MW will be from Solar and 25 MW will be from small hydro electric power projects. 1,600.0 1,400.0 1,200.0 1,000.0 800.0 600.0 400.0 200.0 - Note: * As on January 2018 Source: Central Electricity Authority 20

PHYSICAL INFRASTRUCTURE POWER (2/2) As per state budget 2015-16, at a cost of US$ 129.85 million, the state government initiated the work of improving electricity infrastructure of 67 towns of the state. With the implementation of Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) every village in the state had to be electrified. As of January 2018, all the villages of the state (excluding uninhabited and grazing reserve) and have been electrified. With the completion of 1,072.11 km transmission line & addition of 1,516 MVA in 2016, the handling capacity of Assam Electricity Grid Corporation Ltd (AEGCL) grid increased from 1,617 MW to 1,950 MW. In November 2016, Asian Development Bank (ADB) sanctioned a loan of US$ 48 million to boost the power sector in the state. This is the 2nd tranche of the US$ 300 million Assam Power Sector Investment Program (APSIP) that was approved by ADB in July 2014. As of November 12 2017, 51,92,227 households have been electrified in the state. Source: Central Electricity Authority, State Budget 2016-17 21

PHYSICAL INFRASTRUCTURE TELECOM Telecommunication network is one of the fastest growing sectors in the state. Individuals & industries alike face no problems in procuring telephone & other telecommunications facilities. The penetration of landlines as well as cell phone telephony is high & is steadily increasing. According to the Telecom Regulatory Authority of India (TRAI), Assam had nearly 22.46 million wireless subscribers and 0.14 million wireline subscribers, as of November 2017. By the end of November 2017, 1,936,485 subscribers had submitted requests for mobile number portability in Assam since its inception. Telecom Infrastructure (As of November 2017) Wireless subscribers 22,460,982 Wire-line subscribers 142,155 Internet subscribers* 8,430,000 Tele density 68.33 Performance status of NOFN Project (As of September 2017) No. of GPs in Phase-I 1,013 Pipe laid (km)^ 2,739 Cable laid (km) 4,162 GPs for which cable laid 1,348 No of GPs lit^ 133 Postal facilities (as of March 2016) Head post offices 19 Sub post offices 606 Branch post offices 3,387 Total Post Offices 4,012 Note: * As on September 2017, ^ - as of April 2016 Source: Telecom Regulatory Authority of, India 22

DEVELOPMENT PROJECTS: URBAN INFRASTRUCTURE The state has launched Assam Urban Infrastructure Investment Program (AUIIP) to improve water supply, sewerage & urban transport systems in Guwahati. The program also includes storm water drainage & solid waste management system in Dibrugarh. Tranche 1 (2012 to 2017) and Tranche 2 will undertake phases of sub-projects such as Guwahati Water Supply, Dibrugarh Drainage and Dibrugarh Solid Waste. The Tranche 1 of AUIIP is being implemented at an estimated cost of US$ 115.5 million. The first phase of the project is expected to be completed by 2021. Storm water drainages of 133.58 km in length have been constructed during 2015-16 in 15 towns under the Urban Infrastructure Development Scheme for Small and Medium Towns. Further, under the 10% central pool fund, storm water drainages of 48.88 km in length as well as 8 market buildings have been constructed. The government has also allocated funds of US$ 16.61 million for building of business centres, road development, office complexes, etc. and US$ 15.09 million for service delivery of storm water drainage, road, sewerage, water supply, etc. A Land Pooling policy was initiated during 2016 to overcome the scarcity of land availability where the owners of the land may participate as partners for the development process. Further, under GMC, an organic waste converter proposal is under process. Also, an initiative to take care of water supply, solid waste water & drainage has been taken up by the state government for addressing the challenges related to infrastructure & enhancing service quality across the cities of Dibrugarh & Guwahati, which is to be executed in 2 tranches. The 1st tranche has been initiated in March 2012 till June 2018, while the 2nd will be implemented by 2020. The West Guwahati Water Supply Scheme, aimed at covering a projected population of 583,000 lakh by 2025, fulfilling a drinking water demand of 107 million litres per day (MLD), is expected to be partially commissioned by June 2018. The East Guwahati Water Supply Scheme is expected to be commissioned by end of 2021. The North Guwahati Water Supply Scheme is expected to be commissioned by end of 2019 and is expected to cover a population of 1,47, 809, fulfilling the water demand of 37.1 MLD. The Central Guwahati Scheme is expected to cover a population of 1,004,604, fulfilling the water demand of 191 MLD by 2025. Source: JNNURM, Ministry of Urban Development, Government of India 23

DEVELOPMENT PROJECTS: KEY PUBLIC PRIVATE PARTNERSHIP PROJECTS Project name PPP type Sector Stage Project cost (US$ million) Integrated Solid Waste Management Guwahati Build-Operate-Transfer (BOT) Water sanitation Operation and maintenance stage 19.22 Organic Agriculture Produces Market Complex (Sixmile-Panjabari) Management Contract (O&M) Social and commercial infrastructure Operation and maintenance stage 1.23 Operation and maintenance of North East Tribal Museum and Cultural Centre at Nazirakhat, Sonapur, Kamrup Management Contract (O&M) Social and commercial infrastructure Under construction 8 Champamati Hydro Power Project 4MW Build-Own-Operate- Transfer (BOOT) Energy Operation and maintenance stage 5.6 60 MW thermal Power Project Build-Operate-Transfer (BOT) Energy Under construction 37.60 2MW Hydel Power Build-Operate-Transfer (BOT) Energy Pre- construction stage 2.24 Solid Waste Management (Guwahati) Bridge (Dhola-Sadia Ghats) Project Build-Operate-Transfer (BOT) Design-Build-Finance- Operate-Transfer (DBFOT) Water sanitation Under construction 5.63 Transport Under construction 151.35 Source: Ministry of Urban Development, Government of India, BOT: Build-Own-Transfer, BOOT: Build-Own-Operate-Transfer 24

SOCIAL INFRASTRUCTURE EDUCATION (1/2) Assam has a literacy rate of 72.19; the male literacy rate is 77.85% & the female literacy rate is 66.27%. In 2015-16, the state had 58,011 total schools, 40,480 primary schools, 11,591 middle schools & 5,940 high schools. The state government is taking several steps to encourage setting up of various educational complexes for skill development. It has formed a steering committee & 27 institute management committees to facilitate close coordination between industry & academia. In February 2017, the state government announced its plans to give special impetus to its initiatives of empowering women in the state, through its special programs such as Beti Bachao Beti Padhao, etc. Assam s School Education Statistics (2015-16) Number of schools Enrolment Total: 58,011 Primary: 40,480 Middle: 11,591 High: 5,940 Primary: 2,925,000 Middle: 1,452,000 High: 909,000 Source: National University of Education Planning and Administration, Plan Assam Literacy rates, 2016-17 (%) Literacy rate 72.19 Male literacy 77.85 Female literacy 66.27 Source: Economic Survey of Assam 2016-17 Premier Institutions in Assam Gauhati University, Guwahati Assam University, Silchar Assam Agricultural University, Jorhat Dibrugarh University, Dibrugarh Tezpur University, Tezpur K.K. Handique State Open University Assam Engineering College, Guwahati Indian Institute of Technology, Guwahati Jorhat Engineering College, Jorhat National Institute of Technology, Silchar Assam Medical College, Dibrugarh Gauhati Medical College and Hospital, Guwahati Silchar Medical College and Hospital, Silchar 25

SOCIAL INFRASTRUCTURE EDUCATION (2/2) During 2015-16, the state government allocated an amount of US$ 0.46 million under the Gyanjyoti scheme for creating awareness among the students of class VIII to XII, through educational excursions across various places. Further, 219 Aryabhatta Science Centres have been constructed to boost growth across the science & technology sector in the state. Also, an amount of US$ 1.15 million was apportioned for the hostels of ST, SC, OBC boys and girls during 2015-16. In collaboration with Rashtriya Madhyamik Shiksha Abhiyan and UNICEF, 2 Mobile Science Laboratories have been established in the state for providing science practical classes to students. As of 2016-17, the state had a total of 219 Aryabhatta Science Centres, which have been established for encouraging students in science and technology. As per the state budget 2017-18, the government proposed an investment of US$ 1.2 million for establishment of new hostels for working women In May 2017, the state government announced the dissolution of Assam s Madrasa Board & Sanskrit Board, and will make these boards a part of the Board of Secondary Education. Source:Aryabhatta Science Centre Assam, RMSA Assam, State Budget 2017-18, Economic Survey 2015-16 26

SOCIAL INFRASTRUCTURE HEALTH (1/2) Assam has 25 civil hospitals, 13 sub-divisional civil hospitals, 1,014 primary health centres (PHCs), 62 first referral Units (FRUs), 151 community health centres (CHCs) and 4,621 sub-centres. Detailed reports for 3 new medical colleges at North Lakimpur, Nagaon & Dhubri were submitted to GOI for consideration. Also, MoUs for setting up new medical colleges at North Lakimpur, Nagaon, Dhubri & Diphu have already been signed from the GOI. Establishment of 50 beds in the cancer wing of all the medical colleges will be done. Also, in the 2017-18 state budget, the state government announced plans to build one medical college at Kokrajhar, Tinsukia and Nalbari, and a Department of Sports Medicine in the Guwahati Medical College Hospital with the vision to produce 1,200 doctors annually. Also, free healthcare scheme for BPL students below 18 years of age will be launched. For rural areas, a mobile laboratory for cancer check-up will also be started. These will include, diagnostic tests such as X-rays, blood tests, etc. The Mamata program will be restarted, under which the state government will distribute free baby kits to new born babies in hospitals. A Directorate of Nursing will be formed. The state government also plans to support the paramedical institutions. The state government also announced plans to take necessary regulatory steps for registration of all clinics in the state to maintain minimum standards of services & facilities Central Government is planning to invest US$ 149.36 million for setting up of 750-bedded All India Institute of Medical Sciences in Assam Source: Economic Survey of Assam, 2015-16 Health infrastructure State-level hospitals 1 District hospitals 37 Sub-divisional civil hospitals 13 Primary health centres 1,014 Sub-centres 4,621 Community health centres 151 Health indicators of Assam (as of 2016) Birth rate (per thousand persons) 22.7 Death rate (per thousand persons) 7.2 Infant mortality rate (per thousand live births) 49.0 There has been an increase in the construction of medical college as well as hospitals in the state during past few years. In 2015, the Medical College & Hospital in Tezpur became operational. However, the building of new infrastructure in Diphu is under construction. Government of Assam has also signed a MoU with the Indian government to develop 3 new medical colleges at North Lakhimpur, Dhubri and Nagaon districts of the state. Also, during 2015-16, the number of MBBS and post graduation seats have amplified to 726 and 339, respectively. 27

SOCIAL INFRASTRUCTURE HEALTH (2/2) During 2015-16, 2028 regular & 1390 contractual employees were recruited by the state government including nurses, doctors, etc. Also, an initiative for development of 50 bedded cancer wings across each & every medical college of the state, was taken by the government during 2015-16 on account of growing incidences of cancer in the state. To expand health services in Assam, state government will develop 3 medical colleges in Lakhimpur, Dhemaji & Nagaon districts with an investment of around US$ 36.66 million each, along with six 200 bedded district hospitals & 62 models hospitals in the newly created districts. Health department will construct 60 public health centres & 1000 sub centres In December 2016, the Government of Assam has launched the Atal-Amrit Abhiyan health insurance scheme, which would offer comprehensive coverage for six disease groups to below-poverty line (BPL) and above-poverty line (APL) families, with annual income below Rs 500,000 (US$ 7,363). Key Health Schemes Launched by Assam Government Maram (Assamese for financial help to patients) Mamata (Assamese for new born and mothers) Majoni (Assamese for little girls) A newborn girl child gets a fixed deposit instrument worth US$ 109. A would-be mother gets US$ 10.4 for each of the first two check-ups. Morom (Assamese for compassion) Patients in medical college hospitals receive US$ 1.6 per day for seven days. Patients in civil hospitals get US$ 1.04 per day for five days. Mamoni Pregnant women are encouraged to undergo three ante-natal checkups to detect any danger signs during pregnancy. During the 2nd & 3rd ante-natal checkups, pregnant women receive US$ 18.4 for expenses related to nutritional food & supplements. Source: Economic Survey of Assam, 2014-15, State Interim Annual Financial Statement and Demand for Drafts, 2016-17 28

CULTURAL INFRASTRUCTURE Assam is home to many ethnic groups and different cultures. The state is rich in folk music; different styles include regional folk music, ethnic folk music and bihu songs, among others. There are diversified important traditional festivals in Assam. Bihu is the most important and common and celebrated all over Assam. It is the Assamese new year celebrated in April of the Gregorian calendar. Assam has a rich tradition of performing arts. Ankiya Nat (Onkeeya Naat) is a traditional dance-drama (bhaona) form, popular since the 15th century AD. The Bihu dance, Kushan Nritya, Sattriya and Banjar Kekan are some of the popular dance forms of Assam. The culture has a variety of traditional musical instruments including several types of drums, string instruments, flutes, cymbals, and pipes. Guwahati is the major centre for sporting facilities. The sports infrastructure in the city includes the Nehru Stadium and the Kanaklata Indoor Stadium. Additional sports infrastructure has been constructed in the city, especially for the 33 rd National Games. This includes a large stadium at Sarusajai (Indira Gandhi Athletic Stadium), the Dr Zakir Hussain Aquatic Complex and the Karmabir Nabin Chandra Bordoloi AC Indoor Hall. Other new sports structures in the city include the Maulana Md. Tayabullah Hockey Stadium, the Deshbhakta Tarun Ram Phookan Indoor Stadium, the Rajiv Gandhi Indoor Stadium in Amingaon and the Chachal Tennis Complex in Guwahati. The Assam State Museum is one of the biggest multi-purpose museums in the country. Instituted in 1940, the museum has some of the most authentic prehistoric sculptures, metal, ivory paintings, woodwork and costumes. The museum has organised several cultural events and reflects the legacy of the entire Northeast region. Under the Assam Skill Development Mission, a skill development centre was set up at Hailakandi in December 2017. The state government set up a State Vivekananda Youth Development Centre in Guwahati which became operational in 2016. The centre is being established for the enhancement and development of youth to guide them in developing their value system and encouraging them to contribute towards the society s welfare. Further, the establishment of NCC academy at Jorhat is proposed by the Government of Assam, which is anticipated to be finished in during 2016-17. As of February 2017, the academy is yet to be established. The state hosted the FIFA U-17 World Cup India in October 2017 in the city of Guwahati. As a part of this legacy, the Government of India and the All India Football Federation launched an initiative called Mission XI Million (MXIM), which was aimed at improving the football culture of India, building the football ecosystem, and widening the talent pool for their various national teams. A total of 11,008,561 children participated in this initiative. Source: Economic Survey of Assam, 2014-15, State Interim Annual Financial Statement and Demand for Drafts, 2016-17 29

INDUSTRIAL INFRASTRUCTURE (1/3) To facilitate infrastructure support, the State Industries & Commerce Department has sponsored 3 projects as industrial growth centres at Chariduar, Matia & Chaygaon-Patgaon. Chariduar Growth Centre: Cost of US$ 4.7 million shared by central and state government. Matia Growth Centre: Cost of US$ 4.0 million shared by central and state government. Chaygaon-Patgaon Growth Centre: Cost of US$ 3.0 million shared by central and state government. During 2016-17, US$ 4.73 million has been proposed as state s share for construction of plastic park in the state. Further, an amount of US$ 1.52 million has been proposed for the development of the 2nd phase of Maniram Dewan Trade Centre in Guwahati, during 2016-17. As per Budget 2017-18, in order to promote inclusive industrialization of the State, Primary Production Centres are being proposed to be set up at the point of production for primary processing of food/agriculture produce. Also, the digitization of offices as well as initiation of solar power energy based systems is expected to be taken up during 2016-17. Assam industrial infrastructure (as of 2015-16) Industries Number Export promotion industrial park 1 Industrial growth centres 3 Integrated infrastructure depots 11 Industrial estates 20 Industrial areas 17 Growth centres 12 Mini industrial estates 8 Commercial estates 64 Common service workshop 2 Further, amounts of US$ 0.9 million, US$ 0.05 million and US$ 0.06 million have been proposed for building up Quality Testing Laboratory at Cachar and Tinsukia, Gem Testing Centre and On-site Testing facility, respectively, by the state government for 2016-17. As of January 2018, construction of Handicraft Development Centre in Ambari, is under implementation. The Government of Assam has also proposed US$ 4.73 million for skill development in the state. Source: Department of Industries & Commerce Government of Assam 30

INDUSTRIAL INFRASTRUCTURE (2/3) Infrastructure Description Software Technology Park A software technology park has been set up at Guwahati, near the Lokpriya Gopinath Bordoloi International Airport, by the Software Technology Parks of India Limited (STPI). Food Processing Park Agri-Export Zone for Ginger Biotech Park India s government has sanctioned a food processing park with a total project cost of US$ 1.2 million. The park is being set up near Chaygaon in the district of Kamrup (rural). The implementing agency is Assam Small Industries Development Corporation Limited. India's government has sanctioned an agri-export zone for the state for fresh and processed ginger. The nodal agency for implementing this project is Assam Industrial Development Corporation Limited. The zone is located in eight districts: Kamrup, Nalbari, Barpeta, Darrang, Morigaon, Nagaon, Karbi Anglong and North Cachar (NC) hills of Assam. Considering the importance of biotechnology, an integrated park to provide all infrastructural and other related services has been developed in Guwahati. The Guwahati Biotech Park undertakes research activities in biotechnology. The park was inaugurated on 25 February 2011. Tea Park A tea park is being set up at Chaygaon by AIDC in Kamrup District in an area of approximately 100 acres of land. The park would provide facilities for blending, storage and transshipment of Assam tea for the world market. Source: Government of Assam website (www.assam.gov.in), Software Technology Parks of India, Guwahati, Assam Industrial Development Corporation Ltd, Assam Small Farmers' Agri- Business Consortium, Guwahati BioTech Park 31

INDUSTRIAL INFRASTRUCTURE (3/3) Infrastructure Export Promotion Industrial Park Industrial growth centres Integrated Infrastructure Development (IID) Centres Border Trade Centres (BTC) Description Assam Industrial Development Corporation (AIDC) has implemented an Export Promotion Industrial Park (EPIP) at Amingaon, near Guwahati, in the district of Kamrup, at an estimated cost of US$ 3.0 million. The total area of the park is 68.1 acres. AIDC has constructed 3 industrial sheds and allotted them to 3 industrial units. There are 38 companies in the park, offering direct employment opportunities to 4,000 people & indirect employment opportunities to about 12,000 people. Industrial growth centres with supporting infrastructure have been set up at Balipara in the Sonitpur district and Matia in Goalpara. The Matia industrial growth centre has been set up with a total project cost of US$ 4.5 million & spans 700 acres. The Balipara industrial growth centre has been set up with a total project cost of US$ 5.3 million and is spread across 400 acres. IID centres have been planned at Parbatpur, Serphangguri, Dalgaon, Demow, Bhomoraguri, Malinibeel, Dahudi, Silapathar, Rangia, Banderdewa & Titabar. The projects at Bhomoraguri, Dalgaon, Malinibeel, Titabar, Demow, Dahudi, Banderdewa, Silapathar and Rangia are already completed & the other projects are also on the verge of completion. BTCs are located at Mankachar (Dhubri), Sutarkandi (Karimganj) & Darranga (Kamrup). Assam's proximity to SAARC countries like Bangladesh, Nepal and Bhutan gives it the investment potential considering the advantage of border trade with these countries Assam s has 11 integrated infrastructure development centres across the state of which 2 are under construction. The Government of India has approved 2 more projects under MSE-CDP at Pathsala (Barpeta) & Moran (Dibrugarh). Under the 12th Five Year Plan, a new Institute of Information Technology (IIT) has been set up in Guwahati through the public-private partnership (PPP) model. It would help promote research & industrial partnership in technical education Source: Government of Assam website, Assam Industrial Development Corporation Ltd, Economic Survey of Assam, 2014-15 32

SMART CITIES The state will be developing city of Guwahati under the proposed smart city program. The cities proposed under AMRUT include Guwahati, Silchar, Dibrugarh and Nagaon. In January 2018, plans were announced to develop five dedicated cycling corridors in Guwahati under the Smart City programme. In 2016, the first instalment of Central Assistance amounting to US$ 0.47 million funds were released for the state of Assam under AMRUT. Guwahati In 2016, Guwahati was included in the center's smart city list of 20 cities where smart city plan would be implemented. Smart cities in Assam Cities Population Area (sq. Km) Literacy rate Guwahati 962,334 216 91.47% Source: Aranca Research 33

STARTUP POLICIES & EMPLOYMENT GENERATION In September 2014, the government launched an Angel Fund to help first generation entrepreneurs of the state to start up businesses. Under this fund, a maximum amount of US$ 7,760 is extended at an interest of 5% per annum and with a moratorium period of 10 months for setting up new micro enterprise. In March 2017, the state government launched Sarothi. The scheme offers financial assistance in form of loans from bank with a subsidy on interest rates. Under Sarothi, applicants who have undergone skill development training will be given preference. The initiative has been undertaken to remove hurdle of equity or funds crunch. The scheme will be valid for five years. In July 2017, the Government of Assam partnered with Invest India, the parent organization of the Startup India initiative, to launch its first startup policy, with the objectives of nurturing pre-incubation stage startups, generating employment, and establishing Assam as the startup hub of North East India. For boosting employment in rural areas, state government has allocated US$ 164.5 million in the budget of 2017-18. As per the budget of 2017-18, a one time grant of US$ 15,520.7 will be made available Rural Self Employment Training Institute. In association with PM Kaushal Vikas Yojana, 33 skill development centres will be established. An allocation of US$ 1.5 million has been made in 2017-18 budget, for the same. US$ 0.3 million have been allocated for undertaking preparatory works of establishing Skill City in association with ITE, Singapore. In the 2017-18 budget, government highlighted the importance of Assam s fishery sector in generating employment for the rural youth. In February 2018, Reliance Industries announced an investment of Rs 2,500 crore (US$ 384 million) in Assam in various sectors, including retail, petroleum, telecom, tourism and sports, creating jobs for at least 80,000 people over the next three years A total of 200 initial pacts worth Rs 70,000 crore (US$ 10.81 billion) were signed at the Advantage Assam summit in February 2018. Source: Government of Assam Industries & Commerce website, Startup Assam, State Budget, 34

KEY INDUSTRIES Assam accounts for a share of over 55% in the country s overall tea production. Assam has huge reserves of crude petroleum, natural gas, coal, limestone & minor minerals. Key Industries in Major Districts Coal mined from Assam has high sulphur content and is mainly utilised by local railways, hydro power stations and steamers. The state is the 3rd largest producer of petroleum & natural gas in the country. Major state refineries are located at Digboi, Guwahati, Bongaigaon & Numaligarh. Ample availability of limestone has attracted several cement & chemical industries within the state. In February 2017, India s largest dry cell battery maker, Eveready Industries, began operations at its new battery and LED flashlight plant at Goalpara, Assam, with an investment of US$ 16.36-17.85 million. The unit has an annual manufacturing capacity of 500 million batteries & 9 million flashlights. In the 2017-18 budget, government announced an allocation of US$ 12.1 million for the IT sector. District Barpeta Bongaigaon Dibrugarh Jorhat Karimganj North Cachar Hills Sivasagar Tinsukia Kamrup Metropolitan Industries Metal, mustard oil Textiles, dairy, aluminium, oil and natural gas Fertilizer, petroleum and natural gas Tea, cement, pharmaceuticals, aluminium and food products Cement Cement Tea, oil and natural gas Tea, coal, oil and natural gas Cement, tea and textiles Government has announced formulation of a project Making Assam IT Nucleus and Electronics Hub (MAIN-eHub) incorporating components for High Performance Computing, hub for electronics manufacturing and allied infrastructure for external assistance. Key Industries in Assam Tea Coal, Oil and Gas Limestone and Cement Agriculture and Horticulture Food Processing Tourism Traditional Cottage Industry Sericulture 35 Source: Economic Survey of Assam, 2013-14, Ministry of Mines, Government of Assam

KEY INDUSTRIES TEA (1/3) Tea occupies an important place among the agriculture-based industries in Assam. About 17% of the workers of Assam are engaged in the tea industry. There are more than 765 tea gardens in the state of Assam. Under the PLA (Plantation Labour Act), 1951, it has been made mandatory to supply basic services such as primary education, water supply, health facilities, sanitation, etc. for the prosperity of tea workers in the state. Moreover, the building & upkeep of roads will be taken care by the Government of Assam. Assam contributed about 50.60% in India s total tea production in 2014-15. In 2014-15, 349.40 thousand hectares of land was under tea cultivation in Assam & tea production in the state stood at nearly 610.97 million kg, during the same period. During 2015-16, tea production in the state stood at 652.95 million kg. In 2016-17, tea production was recorded at 657.24 million kg. Tea production in the state stood at nearly 27.99 million kg, as of December 2017. Tea is grown in the Brahmaputra & Barak plains. Tea gardens are mostly found in the districts of Tinsukia, Dibrugarh, Sibsagar, Jorhat, Golaghat, Nagaon & Sonitpur. The government has secured a Geographical Indication (GI) for the tea produced in the state. As a result Assam Tea is known as Assam Orthodox Tea. The Government of India has created a Special Purpose Tea Fund (SPTF) for rejuvenation of the tea bushes. This would benefit 700-800 tea gardens of the state. For betterment of R&D in tea industry, Tocklai Experimental Station at Jorhat the oldest & largest tea R&D Centre of its kind is managed and operated under the guidance of Tea Research Association (TRA). Research on all aspects of tea cultivation & processing is carried out at this station which is the oldest & the largest research station of its kind in the world. In February 2017, Goodricke Group announced plans to acquire tea estates in Assam for an investment of US$ 5.95 million to produce 1 million kg of tea, annually. The brand is keen to expand tea production in Assam as the tea from the region is of premium quality and is very popular in both domestic as well as international markets. Source: Economic Survey Assam 2014-15, Tea Board of India 36

2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18* 436 487 502 512 487 500 480 589 590 629 611 653 657 631 KEY INDUSTRIES TEA (2/3) During 2015-16, the state government provided Assam State Electricity Board (ASEB) with US$ 1.52 million for the electrification of quarters of the Tea Workers. Also, for increasing tea exports through ICD (Inland Container Depots), the government will extend the benefit of US$ 0.1 per kg of made tea from Agricultural Income Tax till 2017-18. During 2015-16, a total of 0.2 million beneficiaries were provided grants under Family Oriented Income Generating Scheme. During 2016-17, the state government has proposed to construct a Tea Museum in Dibrugarh. A provision of US$ 2.32 million was made for the tea museum in the 2017-18 state budget. 700 600 500 400 300 200 100 0 Tea production in Assam ( 000 tonnes) 2018 is expected to be a favorable year for the tea industry in Assam, as per a report by ICRA. Source: Tea Board of India * Production during April 2017 December 2017 Some Key Players Assam Tea Corporation Ltd Assam Company India Ltd Apeejay Tea Ltd Williamson Magor Group Source: Tea Board of India Source: Tea Board of India, Economic Survey of Assam 2014-15, State Interim Annual Financial Statement and Demand for Drafts, 2016-17 37

KEY INDUSTRIES TEA (3/3) Established in 1972, the company is a wholly owned undertaking of the Government of Assam. Assam Tea Corp Ltd The company has 14 tea estates that are spread in over 13,000 hectares of land in six districts of Assam. Based in Dispur, the firm provides direct employment to more than 16,000 workers. Formed in 1839, the company operates 15 factories and 15 tea estates and gardens spread over 14,000 hectares. It was the first to have an organic tea estate (Rembeng Estate) in Assam. Assam Company India Ltd The firm has over 32,000 employees and produces around 15 million kg of tea annually. The company recorded revenue of US$ 8.7 million for Q2, FY 2018. The company was established as Assam Frontier Tea Limited in 1889. It has 17 estates spread over 50,000 acres in Assam, which together produce around 25 million kg of tea. Apeejay Tea Ltd Besides domestic auction, the company sells directly to international customers such as Unilever, Tetley, Tazo and Starbucks. The known brands are Typhoo, Mantra and Maha Mantra. The company was established in 1949 and produces over 65 million kg of tea every year, of which around 30 million kg is from its 23 tea estates in Assam. Williamson Magor Group Tez, Premium Gold and Jaago are the packet tea brands. The company recorded a revenue of US$ 2.16 million for Q2, FY 2018. 38

2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18* 1,110 2,500 4,714 590 605 664 780 397.0 600.0 140.0 1,545 2,182 2,726 5,023 2,681 4,861 2,695 4,869 2,722 4,877 2,903 4,513 2,914 4,202 KEY INDUSTRIES ENERGY: COAL, OIL AND GAS (1/2) The Assam-Arakan Basin in Northeast India is an important oilproducing region & contains more than 15% of the country s reserves. Assam has over 1.3 billion tonnes of crude oil & 156 billion cubic metric tonnes of natural gas reserves. Assam is the second place in the world where petroleum was discovered. The state also has a substantial reserve of coal bed methane (CBM) and about 1,200 million metric tonnes (MT) of coal reserves. The wells at Digboi, Duliajan and Sivasagar, among others, also produce natural gas, accounting for about 50.0% of India's total onshore production. As of March 2017, ONGC made new discovery of 10 million metric tonnes (MMT) of oil in the state. Two wells, one each at Sufayam and Dayalpur, have been drilled to exploit this 10 MMT oil reserve. Coal occurs mainly in the upper Assam districts of Tinsukia & Dibrugarh in the Makum & Dilli Jeypore coalfields. Small coal deposits occur sporadically in the central Assam districts of Karbi Anglong & North Cachar Hills. The proven reserve of coal in this belt is about 340 million tonnes. Margherita town in Tinsukia district is known as the Coal Queen of Assam. The state has a refining capacity of 150,000 barrels per day at Numaligarh, Bongaigaon, Guwahati & Digboi. In February 2018, plans were announced to create a 1,500 km gas pipeline from Guwahati to Tinsukia to supply gas to northeast states at a cost of Rs 6000 crore (US$ 926.79 million). 6,000 5,000 4,000 3,000 2,000 1,000 - Coal, Oil & Gas production in Assam ( 000 tonnes) Refining capabilities Region Coal ('000 MT) Natural Gas Utilised (MCM) Capacity (million MTPA) Numaligarh 3.00 Bongaigaon 2.35 Guwahati 1.00 Digboi 0.65 Note: * up to September 2017 Source: assamgovt.nic.in, US Energy Information Administration 39

KEY INDUSTRIES ENERGY: COAL, OIL AND GAS (3/2) Indian Oil Corporation is an Indian petrochemical company with over 100 years of experience in oil refining & marketing for the nation. Total revenue of the company stood at US$ 17.30 billion at the end of Q2, FY 2018. IOCL In 2015, Indian Oil is ranked at 119th position among the largest corporates around the globe in the Fortune Global 500 listing. IOCL controls 10 of India s 22 refineries and has a refining capacity of 65.7 million metric tonnes per annum (MMTPA), representing 31% of the country s refining capacity. The company has refineries at Digboi, Guwahati and Bongaigaon. The Digboi Refinery is India's oldest and was commissioned in 1901. It has a capacity of 0.65 mmtpa. ONGC is India s leading oil and gas, exploration & production company. ONGC The company has 240 onshore production installations, 77 drilling rigs and a 26,598 km pipeline network. The oil major has 42 oil wells in Jorhat and Golaghat districts. In 2012, the company was crowned the most admired company of the Northeast region. During the second quarter of 2017-18 period ended June 2017, the company recorded revenues of US$ 3.25 billion. OIL, a wholly owned Government of India enterprise, is a fully integrated upstream petroleum company. It was established in 1959 to expand & develop the newly discovered oil fields of Naharkatiya & Moran in Assam. Almost 90% of OIL s crude oil & gas production comes from Northeast India, while Rajasthan and onshore areas of Ganga and Mahanadi constitute the rest of the exploration sites. OIL OIL owns and operates 13 drilling rigs & 14 work-over rigs. The company s registered office is located in Duliajan, and the pipeline headquarter is in Guwahati. The company recorded a revenue of US$ 436.15 million at the end of second quarter of 2017-18. CIL is a Government of India undertaking and the single-largest coal-producing company in the world. CIL operates through 81 mining areas and 470 mines, of which 275 are underground. It commands nearly 81.0% of the Indian coal market. CIL North Eastern Coalfields, a unit of CIL, is located at Margherita, Assam. CIL registered a total revenue of US$ 35.99 million at the end of the second quarter of 2017-18. Source: IOCL - Indian Oil Corp Ltd, ONGC - Oil and Natural Gas Corp Ltd, OIL - Oil India Ltd, CIL- Coal India Ltd 40

KEY INDUSTRIES LIMESTONE AND CEMENT (1/2) Limestone is an important mineral, which is used in the manufacturing of cement. Several cement factories have come up in the Dima Hasao district in Assam due to the availability of high-quality limestone in the region. Medium and large industries have significant potential in the state because of availability of raw materials like hydrocarbon, coal, limestone, etc. Government will provide all possible support for setting up of medium and Large Industries in the state. Key players Cement Corporation of India Ltd Barak Valley Cements Ltd Jaypee Cements Ltd Good quality cement-grade limestone is found in central Assam districts of North Cachar Hills and Karbi Anglong, where a total reserve of about 670 million tonnes is available. The China clay of Karbi- Anglong district is a vital input for ceramic industries. Source: Economic Survey of Assam, 2014-15 41

KEY INDUSTRIES LIMESTONE AND CEMENT (2/2) CCI was incorporated in 1965 as a wholly-owned Government of India company. It has 10 units spread over eight states with a total annual installed capacity of 3,848,000 metric tonnes. Cement Corp of India Ltd (CCI) In Assam, the corporation has a plant at Bokajan, which has a capacity of 198,000 MT, and a regional office at Guwahati. BVCL was incorporated as a public limited company in 1999. The company is located in Assam and all its operations are concentrated in Northeast India. Barak Valley Cements Ltd The manufacturing unit of the company is located at Badarpurghat, Assam. Its subsidiary, Badarpur Energy Private Limited, has set up a 6 MW biomass captive power plant at Badarpurghat in Assam. During the second quarter ended September 2017, the company recorded total income from operations of US$ 4.46 million. The group is engaged in the businesses of engineering and construction, expressways, sports, agri-business, power, real estate, hospitality and cement. Jaypee Cements Ltd It has announced an investment of US$ 228 million to set up a greenfield cement plant in the North Cachar Hills district with an annual capacity of 2 million tonnes. This is a joint venture with Assam Mineral Development Corporation Limited. Jaiprakash Associates reported total income from operations of around US$ 135.59 million during the second quarter of 2017-18. 42

KEY INDUSTRIES MEDICINAL HERBS AND PLANTS Assam, with its vast area under hills and forests, is home to a variety of medicinal herbs and plants. About 300 types of medicinal herbs and plants are found in abundance in the state with the Brahmaputra valley alone having 150 varieties of herbs and plants of commercial value. An estimated 5-10% of the plants & herbs have been commercially exploited, offering vast potential for further investments. Major medicinal herbs and plants in the state include Sarpagandha (Rauvolfia serpentine Benth.ex.Kur), Pippali (Piper longam Linn), Amlakhi (Emblica officinalis Gaertn), Hilikha (Terinalia chebula Retz.), Bhomora (Terminalia belerica) and Arjuna (Terminalia arjuna Wight & Arn.). Funds released for development and sustainable management of medicinal plants Year Funds (US$ million) 2012-13 0.01 2013-14 0.01 2014-15 0.05 National Medicinal Plants Board (NMPB) (centrally sponsored scheme) Year Funds allocated (US$ million) Funds released (US$ million) 2015-16 0.02 0.02 National AYUSH Mission (centrally sponsored scheme) Year Funds allocated (US$ million) Funds released (US$ million) 2014-15 1.77 1.10 2015-16 2.10 0.66 Source: Economic Survey of Assam, 2015-16 Ministry of AYUSH, National Medicinal Plants Board 43

KEY INDUSTRIES AGRICULTURE AND HORTICULTURE An agrarian economy since time immemorial, agriculture is the major contributor to the state economy. It also provides livelihood to a significant proportion of the population of the state. The agro-climatic conditions support cultivation of a wide range of horticultural crops, including plantation crops and various fruits and vegetables, flowers, spices, medicinal and aromatic plants, nut crops and tuber crops. During 2016-17, the state accounted for an area of 707.55 thousand hectares under horticulture crops. Total production of horticulture crops in 2016-17 stood at 6,842.87 thousand metric tonnes. In 2016-17, total production of rice was recorded to be 5,231 thousand metric tonnes. Similarly, the production of pulses and oilseeds reached 119 thousand metric tonnes and 211.6 thousand metric tonnes during 2016-17, respectively. In 2017-18, US$ 31.4 million were allocated under Rashtriya Krishi Vikas Yojana for the development of the agriculture sector of the state. Pineapple, banana, cauliflower, Broccoli, rose and Bougainvillea are among high yielding varieties of horticulture crops in Assam. It also includes traditional fruits like Carambola, Leteku, Paniyal Thekera, Au tenga etc. The state government has set up one V type automated nursery in Guwahati for producing 5 million planting material per year. Further, the work for development of a horticulture college in Nalbari has also been initiated with a cost of US$ 1.33 million. The government has also ensured protective afforestation of 2,423.42 hectares of land from 2001-02 to 2015-16. Patanjali Ayurved had invested US$ 194.17 million for opening a food park in the state of Assam. The construction of this park was completed in March 2017. The facility has created a direct employment for 5000 people and is expected to create an overall production facility worth US$ 15.52 billion in the next five years.. Assam and the North East are mostly organic by default according to government figures, of the net cultivated area of 4.3 million hectares, around 30.92 lakh hectares have never seen the use of chemical or inorganic fertilizers. Assam has been using 56 kg of chemical fertilizer per hectare on an average. Assam is embracing organic farming in a big way with the help of the central government. Productivity (tonnes/ha) Year Total fruits Total vegetables Total plantation Total spices Loose flowers 2011-12 12.97 11.45 2.84 2.81-2012-13 13.76 12.25 1.87 2.97 6.5 2013-14 13.88 10.77 1.78 3.00 6.67 2014-15 14.42 13.75 2.44 3.00 6.67 2015-16 14.59 12.3 1.85 3.32 6.67 2016-17 14.66 12.41 1.89 2.45 Source: Department of Agriculture, Assam, Economic Survey of Assam, 2014-15, National Horticulture Board-AE 2015-16, RKVY 6.67 44

KEY INDUSTRIES TOURISM (1/2) Assam is popularly known for its natural beauty and pristine tea gardens, attracting photographers from all over the world. Under the Swadesh Darshan Scheme, amount sanctioned by the government as of March 2017, for a heritage circuit was US$ 15.26 million. Under the Prasad Scheme, for the expansion of Kamakhya temple along with pilgrimage destinations in and around Guwahati, the government sanctioned US$ 5.19 million during the same period. The key tourist destinations in the state are: Wildlife sanctuaries: Bhejan-Borajan-Padumoni, Panidehing, Nambor-Doigurung, Nambor, Sonai-Rupai, Laokhowa, Pobitora, Marat Longri, etc. 6 5 4 3 2 1 0 Total tourist arrivals in Assam (in million) 0.02 0.02 0.02 0.02 0.02 5.5 5.6 4.51 4.68 4.82 2012 2013 2014 2015 2016 Domestic Foreign National parks: Kaziranga, Manas, Orang, Nameri and Dibru- Saikhowa. Leisure/scenic beauty spots: Chandubi, Bhairabkunda, Daranga, Bhalukpung and Haflong. Pilgrimage sites: Guwahati, Hajo, Majuli and Batadrawa. Golf courses with air strips: Narengi, Borsola and East Boraoi. Historical places: Rang Ghar, Talatal Ghar, Kareng Ghar, Agnigarh and Madan Kamdev archeological site. Funds released under the Centrally Sponsored Scheme Integrated Development of Wildlife Habitats (in US$ million) 0.3 0.25 0.2 0.15 0.1 0.05 0.24 0.23 0.25 0.13 0 2012-13 2013-14 2014-15 2015-16 Source: Ministry of Tourism, Government of India 45

KEY INDUSTRIES TOURISM (2/2) Besides the existing national tourism circuit within Assam, the state plans to add several thematic and eco-tourism circuits. The subsidiary and regional circuits would boost domestic tourism. Due to the high potential for development of wildlife tourism in the state, the central government has increased the funds under the centrally sponsored Integrated Development of Wildlife Habitats scheme towards the state. During 2015-16, the Tourism Department started draft work on a policy of incentives for the tourism industry. During 2015-16, various projects related to the tourism sector were completed, which include Development of Tourist Arrival cum Reception Centre, Guwahati, Development of Heritage and Eco-Tourism Resort at Majuli, Destination Development of Brahmaputra River Front and Cruise Vessel on Brahmaputra, etc. Further, the state government has proposed to handle more road shows across the National and International level and will also be constructing a Tea Museum in Dibrugarh, during 2016-17. In January 2017, Assam Tourist Development Corporation signed a MoU in Guwahati with Rightstay, a subsidiary of MakeMyTrip, to promote the concept of homestay in the state. As of April 2017, the Indian Tourism Development Corporation has given the charge of Hotel Brahmaputra Ashok in Guwahati to the Assam Government. Along with this development, the Union Tourism Ministry has also sanctioned US$ 14.63 million for the development of the heritage tourism circuit in the state, comprising Tezpur-Majuli-Sivasagar. The financial support will be given under the Swadesh Darshan scheme of the Ministry of Tourism. Source: Ministry of Tourism, State Interim Annual Financial Statement and Demand for Drafts, 2016-17 46

KEY INDUSTRIES FOREST RESOURCES Assam is one of the richest biodiversity zones in the world and comprises of tropical rainforests, etc. Most of the biodiversity-rich areas are preserved as national parks and reserved forests. Since this region has the highest concentration of bamboo, which accounts for around 60.0% of the total bamboo of the country, Assam has ample scope for bamboo-based industries such as paper manufacturing. The objective of the Government of Assam is to promote bamboo as a substitute for wood and make it the timber of the 21st century. Assam has rich forests covering nearly a third of its land area. The forests in the state act as a reserve for commercially useful products such as timber, bamboo, stone, and cane. During 2014-15, in order to protect the forest, the state government raised the 2nd Assam Forest Protection Force Battalion, headquartered at Seconee (Nagaon). There has also been an increase in the number of wild animals in the state during 2015-16. Further, there has also been an increase in the amount of ex-gratia for the loss of human lives taken by the wild animals. A new scheme will be launched to aid problems being faced due to climate change. For this purpose, high emphasis would be given on technology and forestry. An amount of US$ 2.3 million for improvement of forest cover through restoration and afforestation was sanctioned by the Government, as per 2017-18 budget. Further, an amount of US$ 0.77million has been set aside for taking up a greening initiative for greater Guwahati city. Source: Economic Survey of Assam, 2014-15 47

KEY INDUSTRIES SERICULTURE (1/2) The climate & general environment of Assam is well suited for sericulture. Traditional varieties of silk cultured in the state include Eri, Muga & mulberry. Muga silk, known for its fine sheen & golden colour, is used by the local silk-weaving industry, which has contributed to the development of Muga in the state. Assam enjoys global monopoly in terms of Muga silk (also known as golden silk) production. The state accounts for around 95% of global Muga production. Moreover, Assam is the country s major Eri silk producer (accounts for 65% of the country s Eri silk production). Raw silk production in the state during 2015-16 was recorded to be 3,325 MT whereas during 2016-17 (up to May 2016), raw silk production in the state stood at 1,137 MT. The state government has announced that it will create a special fund to boost production of Muga, Eri & Pat yarn. Furthermore, the creation of exclusive branded products for Eri & Muga silk of Assam as part of the project has been proposed. Seneh Jori, an Assam Silk Outreach Mission, was proposed by the state government during 2015-16. This mission will be for a duration of 10 years & will aim at increasing eri silk production by 5 times & the Muga silk production by 10 times. By 2025, this mission aims to produce 1 million kg of Muga silk & 10 million kg of Eri Silk. In the 2017-18 budget, Government announced Mission Muga as one of their flagship programmes and allocated US$ 15.52 million towards this. This project would cover the entire process, from the production to the development of marketing outlets. Also, US$ 0.05 million were allocated for the development and betterment of yarn banks. 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500-3.50 3.00 2.50 2.00 1.50 1.00 0.50 0.00 2,068 2.34 Production of raw silk (in MT) 2,766 3.07 3,222 3,325 0.76 1.02 2012-13 2013-14 2014-15 2015-16 3,811 2012-13 2013-14 2014-15 2015-16 2016-17 (¹) Financial assistance to the handloom weavers (in US$ million) Note: 1 Assam and Bodoland Source: Ministry of Textiles, Government of India (1) Refers to April-May, 2016 48

KEY INDUSTRIES SERICULTURE (2/2) As per the state budget 2016-17, marketing incentives have been delivered to a total of 2,273 Weavers Cooperative Societies, during 2015-16, by the state government. For the development of Eri and Muga silk industries in the state, the government will take up Assam Silk Outreach Mission from 2016 at an estimated cost of US$ 366.63 million for a total period of 10 years. Further, in 7 districts of the state, Integrated Sericulture Development Project is being applied, out of which 3 districts are for Eri whereas 4 districts are for Muga. 49

KEY APPROVALS REQUIRED (1/2) List of Approvals and Clearances Required Incorporation of the Company Allotment of land/shed Departments to be Consulted Registrar of Companies A committee headed by Managing Director, Assam Industrial Infrastructure Development Corporation (AIIDC)/Assam Industrial Development Corporation (AIDC)/Assam Small lndustries Development Corporation (ASIDC), would allot land/shed of up to one acre under their respective control within the prescribed time period. The land requirement beyond 500 sq m would be allotted by a state-level committee governed by the Principal Secretary/Commissioner and Secretary, Industries and Commerce Department, with representatives from the Finance Department, Government of Assam, and Revenue Department, Government of Assam. Estimated Time Taken (Days) Micro and small-scale enterprises: Same day Other applications: Within 90 days Registration of new units under VAT Act: Within 15 days of the receipt of application Allotment of land up to the limit of one acre and shed up to 500 sq m in industrial estates/ industrial areas/ IIDC/ growth centres, etc: Within 30 days Others: Within 60 days 50

KEY APPROVALS REQUIRED (2/2) List of Approvals and Clearances Required Departments to be Consulted Estimated Time Taken (Days) Power Assam Electricity Regulatory Commission Pollution Pollution Control Board Low-tension connection: 30 to 107 days High-tension connection: 34 to 114 days Extra-high-tension connection: 197 days Non-polluting industries classified as green category: No approvals required Sanction of incentives/concessions District-level committee (for micro enterprises) State-level committee (for small-scale undertakings) AIDC committee (for medium- and large-scale undertakings) Within 90 days The State Investment Promotion Board (SIPB), headed by the Chief Minister, has been constituted to act as the final authority in matters of policy concerning industrial development of the state. The board meeting is held once in every quarter of the year to review the industrial and related policies of the state, and to oversee the process of simplification of government rules and regulations for rapid industrial development. 51

COST OF DOING BUSINESS IN Cost Parameter Cost Estimate Source Hotel costs (per room per night) US$ 40 150 Leading hotels in the state Residential Space Rent (Per sq ft per month) US$ 0.14 0.29 Industry sources Power Cost (per kwh) Commercial: US$ 0.10 Industrial: US$ 0.06 0.08 Assam Electricity Regulatory Commission Labor cost (minimum wages per day) Unskilled: US$ 3.0 Skilled: US$ 5 Ministry of Labour and Employment, Government of India Note: kwh: kilo-watt hour 52

CONTACT LIST Agency Contact Information Assam Industrial Development Corporation Ltd R.G Baruah Road, Guwahati-781024 Phone: 91-361- 2201215/2202216 Fax: +91 361 2200060 E-mail: aidcltd@gmail.com Website: www.aidcltd.com Assam Small Industries Development Corporation Ltd Bamunimaidan, Guwahati-781021 Phone: 91-361- 2550 264/2550 265 Assam Hills Small Industries Development Corporation Ltd Assam Agro Industries Development Corporation Ltd Dilajee, District Karbi Anglong Diphu - 782460 Phone: 91-3671- 272 648 G.S. Road, Khanapara, Guwahati - 781 022 Phone : 0361 2332215, 2333877 Assam Financial Corporation Vittiya Bhavan, M.S Road Paltanbazaar Guwahati - 781008 Phone: 91-361-2739839/2633658 E-mail: afcghy@gmail.com Website: www.afconline.gov.in 53

STATE ACTS AND POLICIES Objectives To facilitate the growth of the IT sector in the state. IT Policy of Assam 2009 To accelerate the use of information technology in the government at all possible levels to improve efficiency, transparency, accountability and increased productivity. Read more Industrial and Investment Policy of Assam 2014 Tourism Policy of Assam 2017 To generate economic development by accelerating industrialisation including the manufacturing and service sectors in the state. To make agro and rural area linked investment a focused program. Read more To promote Assam Tourism with a new approach of vigorous massive campaigning. To build a global brand 'Awesome Assam' to attract National and International tourists. Promote Film Tourism by developing single Window clearances and providing incentive to film makers. Read more Small Hydropower Policy 2007 To promote the development of the hydropower sector in the state, which serves as an engine to achieve the objective of promoting all-round development of the region by inducting private participation. Read more North East Industrial and Investment Promotion Policy (NEIIPP) 2007 Promote the Northeast as an attractive investment region through concessions and incentives promoting growth in the region. Read more Bamboo and Cane Policy 2005 To promote and support the development of the bamboo sector in a comprehensive manner through a multidisciplinary, multi-departmental and multi-dimensional integrated approach to provide economic benefits to the people of the state. Read more Public Private Partnership Policy 2008 To attract private sector investment in infrastructure projects in the state with the best possible terms. Read more 54

ACHIEVEMENTS & INITIATIVES UNDER GOVERNMENT PROGRAMMES Under the Swachh Bharat Mission, Guwahati ranked 134 th in the survey of 2017. Citing the state s poor performance, the government, in the state budget of 2017-18, set a goal for Open Defecation Free & Clean State under the Swachh Bharat Mission, by 2 nd October. In order to improve the Urban Sanitation scenario, under the Swachh Bharat Mission (Urban) Assam, all 97 Urban Local Bodies of Assam will be declared Open Defecation Free (ODF) before Oct 2nd 2017. For this, 66,624 Individual Household Latrines and 2,280 seats of community & Public Toilets will be constructed. As per the 2017-18 budget, the state government is investing in creating Cyber Dome project which would increase the technical intelligence gathering capabilities of the state using cutting edge technology and trained manpower. It will also includes cyber security, cyber forensics and social media monitoring cell. A budgetary provision of US$ 0.3 million is proposed for the same. In order to realise the dream of Digital India, Assam has come up with Digital Assam to transform Assam into a digitally empowered society and knowledge hub for better economy. 55

EXCHANGE RATES Exchange Rates (Fiscal Year) Year INR INR Equivalent of one US$ 2004 05 44.81 2005 06 44.14 2006 07 45.14 2007 08 40.27 2008 09 46.14 2009 10 47.42 2010 11 45.62 2011 12 46.88 2012 13 54.31 2013 14 60.28 2014-15 61.06 2015-16 65.46 2016-17 67.09 Q1 2017-18 64.46 Q2 2017-18 64.29 Q3 2017-18 64.74 Exchange Rates (Calendar Year) Year INR Equivalent of one US$ 2005 43.98 2006 45.18 2007 41.34 2008 43.62 2009 48.42 2010 45.72 2011 46.85 2012 53.46 2013 58.44 2014 61.03 2015 64.15 2016 67.21 2017 65.12 Source: Reserve bank of India, Average for the year 56 Andhra Pradesh

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