The correct answer is: d) All of the above.
The “Act East Policy” is a foreign policy initiative of the Government of India that aims to deepen India’s engagement with Southeast Asia and East Asia. The policy was announced in 2014 and has since been implemented through a number of initiatives, including increased trade and investment, greater people-to-people contacts, and enhanced cooperation in areas such as security and connectivity.
The “Act East Policy” has the potential to create significant opportunities for Assam’s industries. By expanding trade with Southeast Asia, Assam’s industries will have access to a larger market for their products. This will help to boost production and create jobs in the state. In addition, by accessing new markets, Assam’s industries will be able to diversify their exports and reduce their dependence on the Indian market. This will make them more resilient to economic shocks.
The “Act East Policy” can also help to attract investment from neighboring countries. This is because the policy has created a more favorable investment climate in India. In addition, the policy has made it easier for foreign companies to do business in India. This has made India a more attractive destination for investment, and Assam is well-positioned to benefit from this.
Overall, the “Act East Policy” has the potential to create significant opportunities for Assam’s industries. By expanding trade with Southeast Asia, accessing new markets, and attracting investment from neighboring countries, the policy can help to boost production, create jobs, and diversify the state’s economy.
Here are some additional details about each of the options:
- Expanding trade with Southeast Asia: The “Act East Policy” aims to increase trade between India and Southeast Asia. This will help to boost production and create jobs in Assam, as the state’s industries will have access to a larger market for their products.
- Accessing new markets: The “Act East Policy” also aims to help Indian businesses access new markets in Southeast Asia. This will help to diversify Assam’s exports and reduce its dependence on the Indian market.
- Attracting investment from neighboring countries: The “Act East Policy” has made it easier for foreign companies to do business in India. This has made India a more attractive destination for investment, and Assam is well-positioned to benefit from this.