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Assam has commenced the implementation of projects valued at over INR 60,000 crore, drawn from the INR 5.18 lakh crore investment proposals received during the Advantage Assam 2.0 summit held earlier this year. Chief Minister Shri Himanta Biswa Sarma, while addressing an MoU-signing ceremony for 20 projects worth INR 22,900 crore, emphasised that the state government expects investments totalling INR 1.50 lakh crore to be realised within the first year of the summit. Key projects in the infrastructure sector, including the Guwahati ring road, Narengi-Kuruwa bridge over the Brahmaputra, and the Guwahati-Silchar express highway, have already received approval. Additionally, MoUs have been signed for projects in waste management, solar power, ethanol production, and a new brownfield plant in Namrup worth INR 10,000 crore.
Projects totaling more than INR 60,000 crore, which were the result of investment proposals received at the Advantage Assam 2.0 summit earlier this year, have already begun the implementation phase, according to Assam Chief Minister Shri Himanta Biswa Sarma. Speaking at a recent MoU-signing ceremony in Guwahati, Sarma revealed that 20 projects worth INR 22,900 crore were formalised, encompassing sectors such as waste management, solar power, and ethanol production. Advertisement
The Chief Minister stated that the state government is targeting a total investment of INR 1.50 lakh crore within the first year of the summit. Notable projects in the infrastructure sector, including the Guwahati ring road, Narengi-Kuruwa bridge over the Brahmaputra, and the Guwahati-Silchar express highway, have already been sanctioned. Sarma highlighted that the government was prudent in filtering out non-serious proposals to avoid a significant gap between proposed and implemented projects.
The MoUs also cover projects in waste management, Tata Gateway, and solar and ethanol production, signifying Assam's shift towards sustainable and innovative business sectors. Additionally, the inclusion of a new INR 10,000 crore brownfield plant in Namrup has further bolstered the investment tally.
Sarma noted that another MoU-signing event is scheduled for September or October, targeting collaborations with major industry players. The Chief Minister expressed optimism about inaugurating some of the projects with finalised agreements by the end of the year. He also urged Amul, which has already committed to establishing its first milk processing unit in the state, to consider setting up a second unit to strengthen Assam's dairy sector.
Sarma underscored the importance of sectors such as agriculture, horticulture, veterinary services, and allied industries, given their potential to generate employment. He emphasised that Assam remains an attractive destination for investors due to its business-friendly environment, contrasting it with more industrially developed states like Gujarat, Haryana, and Tamil Nadu. The Chief Minister also advocated for leveraging indigenous knowledge and innovation to develop more profitable business ventures.
The proactive approach of the Assam government, exemplified by the focus on infrastructure, renewable energy, and employment-centric sectors like agriculture and dairy, reflects a strategic shift towards sustainable and inclusive economic development. As more MoUs are expected to be formalised in the coming months, the state's investment landscape is poised for significant transformation.
Source - PTI
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