Assam gets investment proposals of nearly INR 70,000 crore

The first-ever Global Investors Summit in Assam saw nearly INR 70,000 crores in investment commitments in various sectors including petroleum, telecom, health and tourism, said Assam Chief Minister Sarbananda Sonowal.

” Nearly 200 initial pacts worth nearly INR 70,000 crores were signed at the Advantage Assam summit. It is a very good beginning. The response of the investors is very exciting and encouraging. I believe the investment commitments will make Assam a better economy,” added Sonowal.

Among the private players, RIL Chairman and MD Mukesh Ambani announced an investment of INR 2,500 crores in Assam in various sectors, including retail, petroleum, telecom, tourism and sports, creating jobs for at least 80,000 people over the next three years.

SpiceJet Chief Ajay Singh has announced the plans of INR 1,250 crores of investments in Assam through seaplanes to boost the tourism sector besides connecting Lakhimpur and Jorhat under the recently launched central government scheme ‘UDAN’.

Sonowal said the investments will provide ample employment opportunities to the youth of the state. “We hope that Assam will be the gateway for India to connect ASEAN countries,” he said.

Media advisor to the Chief Minister, Hrishikesh Goswami, said tourism, which is one of the key focus areas of the government, saw an investment proposal to the tune of INR 736 crores and infrastructure sector saw a total investment proposal worth INR 2,347 crores.

Other major companies announcing investments in Assam were BPCL (INR 350 crores), Essel Infraprojects (INR 6,000 crores), Star Cement (INR 2,100 crores), Infinity Infotech Parks (INR 1,000 crores) and Mahindra Holidays and Resorts India (INR 400 crores).

Prime Minister Narendra Modi inaugurated the two-day event. Bhutanese PM Tshering Tobgay, several union ministers, Chief Ministers of neighbouring Arunachal Pradesh and Manipur, ambassadors and high commissioners of 16 countries, RIL Chairman Mukesh Ambani, Tata Sons Chairman N Chandrasekharan also attended the meet.