Growth can be defined as a permanent increment in dry weight, size, mass or volume of a cell, organ or organism, which is usually irreversible in nature. Generally, it requires both anabolic and catabolic processes.
Growth of plants is exceptional because they retain the ability of unlimited growth throughout their lifetime.
In plants, growth is accomplished by cell division as well as cell enlargement.
Higher plants possess specific areas which retain the ability to divide, called meristems. This form of growth where there is addition of new cells to the plant body by the activity of meristematic cells is called the open form of growth.
Plant growth is localised because of the meristems. Cells of the meristematic tissue have the ability to divide and self-perpetuate.
Hence, both assertion and reason are correct and reason is the correct explanation of the assertion.