Singapore to invest BIG across Northeast India after historic ULFA peace deal

New Delhi: After the historic tripartite ULFA Peace Accord, signed amongst the United Liberation Front of Asom (ULFA), the Government of India and Government of Assam on December 29, the Singapore government on Saturday has expressed its interest to invest in the North Eastern states of India. Terming the event as ‘historic’, Singapore has emphasized that the tripartite peace pact will boost foreign investments in the region.

High Commissioner of Singapore to India Simon Wong on Saturday expressed his pleasure over the development and said that the Government of Singapore has expressed interest to invest in the North Eastern Indian states.

Wong, took to X to share his pleasure, saying, “We are happy to see the historic tripartite peace pact signed amongst ULFA, the Government of India and the Government of Assam.”

He further added, “This will anchor peace in the region and give a big boost to foreign investors like Singapore to move into the Northeast.”
 
The Memorandum of Settlement was on Friday signed in the presence of Union Home Minister Amit Shah and Assam Chief Minister Himanta Biswa Sarma. The pact is expected to end decades-old insurgency in Assam.

Following the signing of the peace pact, Assam CM Himant Biswa Sarma had said, “This agreement draws the curtains on Assam’s oldest armed resistance pursued by ULFA, protects the interests of our people and paves way for spurring growth in the region. Those who were once associated with violence will become partners in the nation's progress. For an entire generation, insurgency had stymied the potential of Assam.”

The oldest insurgent group in Assam continued to remain a headache for the central government for decades. However, after the peace pact, ULFA's pro-talks faction will shun violence, disband the organisation, and join the democratic process.

This has come up after nearly 12 years of consistent negotiations between the central government and the ULFA faction, led by Arabinda Rajkhowa to seal the pact.