GUWAHATI, Feb 25: The Advantage Assam 2.0 business summit commenced with an impressive display of investment potential, as proposals worth over Rs 90,000 crore were signed on the first day, with expectations of the figure rising by the end of the two-day event.
A key highlight was Adani Group’s announcement, with Chairman Gautam Adani committing to invest Rs 50,000 crore across various sectors in Assam. These investments will be directed towards the development of airports, aero cities, city gas distribution, transmission, cement production, and road infrastructure.
The summit saw several top public sector undertakings (PSUs) and private companies signing Memorandums of Understanding (MoUs) to invest in the northeastern state. Among the notable agreements was a Rs 30,000 crore pact with Tata Power, Rs 7,000 crore with JSW Group, Rs 5,850 crore with Greenko Energies Pvt Ltd, Rs 5,000 crore with Adani Total Gas Ltd, and Rs 3,000 crore with PNB Investment Services Ltd. Additionally, Essar Group committed to a Rs 2,100 crore investment.
PSUs were also heavily involved in the summit, with Oil India Limited (OIL) committing Rs 23,300 crore, while Numaligarh Refinery pledged an investment of Rs 10,711 crore.
In total, more than 30 MoUs were signed on Day 1, with private companies contributing over Rs 53,000 crore and state-run entities committing more than Rs 35,000 crore in investments. The state government officials indicated that more announcements and MoUs are expected in the coming hours, with major announcements set for the following day of the summit.
The summit is seen as a significant opportunity for Assam to attract investment and foster economic growth, with the potential to create thousands of jobs and enhance infrastructure in the region.
