Assam Government Signs Investment Agreements worth Rs. 22,900 Crore

The Government of Assam signed investment agreements worth Rs.22,900 crore during a high-profile Investment Agreement Exchange Ceremony held at Srimanta Sankardev Kalakshetra. 

Chief Minister Himanta Biswa Sarma graced the occasion, terming the day a significant milestone in the state’s economic transformation.

The agreements, stemming from the successful Advantage Assam 2.0 Summit, represent 20 major projects across diverse sectors. Addressing the gathering, Sarma highlighted that the state is now firmly positioned as an investment destination, thanks to the proactive policies and initiatives spearheaded by the government.

He said the Advantage Assam 2.0 Summit, held in the presence of Prime Minister Narendra Modi, played a pivotal role in creating an investor-friendly ecosystem in the state.

“MoUs worth Rs.5.18 lakh crore were signed during the summit, and we have already moved to the implementation stage for several key projects,” Sarma added.

The Chief Minister announced that three major infrastructure projects have already been initiated, including the ₹7,800 crore Narengi-Kurua bridge on the Guwahati Ring Road, the foundation stone for which will be laid by the Prime Minister in September. The Guwahati-Silchar Access-Controlled Expressway, with an outlay of ₹23,000 crore, has also received Cabinet approval.

Projects Under Implementation

Dr. Sarma informed that investment of Rs.30,000 crore has been secured in the infrastructure sector so far, with ₹22,900 crore worth of projects already in the implementation phase. Noteworthy among these are two paper mills by Kohinoor Pulp and Paper Pvt Ltd and RPN Speciality Pvt Ltd at Matia in Goalpara, with an investment of Rs.1,800 crore. A Rs.137 crore plastic recycling plant by SKJ Clean Enviro Ventures Ltd in Changsari is also scheduled to commence by December.

In the renewable energy sector, MoUs have been signed for ethanol production, and progress has been reported in projects by Kamakhya Biofuels, Gulshan Polyols, Aadhar Green, and Cis Biotech. The Brahmaputra Breweries project in Tihu has also recorded significant progress.

Additionally, cement sector investments worth Rs.2,800 crore have been committed by Megashree, Meghatop, and Max Cement. The hospitality sector is also witnessing robust development, with projects by Shailaja LLP, Downtown Hospital (Courtyard by Marriott), and Jonali Constructions Pvt Ltd (Marriott Resort & Spa) underway.

A strategic MoU with Tata has been signed for the Tata Gateway project in Jagiroad, which is expected to gain momentum owing to the ongoing semiconductor project in the region.

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Focus on Green Energy and Dairy

In the green energy domain, the state is collaborating with SJVN to set up 200 MW solar power projects in Tezpur and Bilasipara with a Rs1,000 crore investment. Agreements have also been signed with ATPC Ltd for a 250 MW Battery Energy Storage System (BESS) and NLC India Ltd (NLCIL) for a 100 MW solar project in West Karbi Anglong. Hinduja Renewables Energy Pvt Ltd will also develop a Pumped Storage Project (PSP).

Dr. Sarma stated that Amul is set to generate 20,000 employment opportunities with a Rs.75 crore investment. An MoU with the National Dairy Development Board will bolster milk production in Dhemaji, Dibrugarh, and Jorhat, targeting an output of 3 lakh litres per day by September. A fourth agreement with Amul has also been signed to further enhance the state’s dairy capacity, aiming for a long-term production target of 10 lakh litres per day.

Support for Startups and Industrial Ecosystem

Underscoring the need for innovation, Sarma highlighted the formation of a dedicated Department of Startup and Innovation, which is supporting 24 startups under the MASI Startup Programme with financial assistance of Rs.2 crore. These startups span sectors such as biotechnology, clean technology, and advanced innovation.

To ease industrial investments, the state has established a land bank and is developing requisite infrastructure including logistic parks, reliable power supply, and a digital single-window clearance system. The CM reiterated that most of the MoUs signed during the Advantage Assam summit are set to be operational by September–October this year.

Next Investment Event in September–October

The Chief Minister revealed that another investment-focused event is scheduled for September–October, where additional major MoUs are expected. He expressed confidence that by the end of the year, several of these projects would be formally inaugurated.

Sarma was accompanied by Industries Minister Bimal Bora, Urban Affairs Minister Jayanta Malla Baruah, Sports Minister Nandita Gorlosa, MP Bijuli Kalita Medhi, Chief Secretary Dr. Ravi Kota, Amul MD Amit Vyas, and senior industry leaders and government officials.