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Business
Assam Finance Minister Jayanta Mallabarua Highlights Human Capital as Key to Industrial Growth
✍️ The Economic Times
🗓 25 Sep 2026, 03:17 AM
👁 8
Finance Minister Jayanta Mallabarua said that Assam’s most valuable asset for industrialisation is its people, emphasizing the need to harness human talent.
Finance Minister Jayanta Mallabarua asserted that the state’s greatest driver of industrial development is its human resource base. Speaking at a recent economic forum, he underscored that skilled and educated workers form the backbone of any manufacturing push.
He noted that Assam has a youthful demographic and a growing pool of graduates, which, if properly trained and employed, can attract investment in sectors such as textiles, food processing and renewable energy. The minister urged both the private sector and government agencies to focus on vocational training and skill‑upgradation programmes.
Mallabarua’s comments come as the state government rolls out new policies aimed at improving infrastructure and easing regulatory hurdles for businesses. By aligning human capital development with these incentives, officials hope to create a virtuous cycle of job creation and economic growth.
The statement reflects a broader national trend where state leaders are positioning talent development as a cornerstone of regional industrial strategies, seeking to move beyond traditional reliance on natural resources.
He noted that Assam has a youthful demographic and a growing pool of graduates, which, if properly trained and employed, can attract investment in sectors such as textiles, food processing and renewable energy. The minister urged both the private sector and government agencies to focus on vocational training and skill‑upgradation programmes.
Mallabarua’s comments come as the state government rolls out new policies aimed at improving infrastructure and easing regulatory hurdles for businesses. By aligning human capital development with these incentives, officials hope to create a virtuous cycle of job creation and economic growth.
The statement reflects a broader national trend where state leaders are positioning talent development as a cornerstone of regional industrial strategies, seeking to move beyond traditional reliance on natural resources.