Assam Attracts ₹1.89 Lakh Crore Investments on Day 1 of Business Summit – EQ
In Short : The Advantage Assam 2.0 Summit saw 114 MoUs worth ₹1.89 lakh crore signed on Day 1, boosting investments in green energy, logistics, and infrastructure. Key investors include Tata Power, Adani Total Gas, ONGC, and JSW Energy. Major projects focus on renewable energy and industrial growth, aiming to drive Assam’s economic expansion and job creation.
In Detail : The Advantage Assam 2.0 Investment and Infrastructure Summit kicked off in Guwahati, securing 114 Memorandums of Understanding (MoUs) worth ₹1.89 lakh crore on its first day. The agreements span multiple sectors, including green energy, logistics, infrastructure, mobile connectivity, and electric vehicles, marking a significant step toward industrial and economic growth in the state.
Major companies such as Tata Power, Adani Total Gas, ONGC, Oil India, Essar Group, JSW Energy, AMUL, Punjab National Bank, and DP World participated in the summit. These companies have pledged substantial investments in Assam, reflecting their confidence in the state’s business potential and future development opportunities.
One of the biggest investments came from Tata Power, which committed ₹30,000 crore to develop 5,000 MW of renewable energy projects in the state. Adani Total Gas also announced an investment of ₹5,000 crore to enhance Assam’s energy infrastructure, further boosting the region’s energy capabilities and sustainability efforts.
Other notable projects include expansions in the logistics sector, advanced refinery development, and improved mobile connectivity. Companies like Numaligarh Refinery Limited and Welspun have shown interest in developing infrastructure to support industrial growth and enhance Assam’s connectivity with national and international markets.
The summit also saw participation from the Bill & Melinda Gates Foundation, which is expected to contribute to social development initiatives in Assam. Their involvement indicates a focus not only on industrial growth but also on improving health, education, and overall quality of life in the region.
With these investments, Assam is set to witness significant economic expansion and job creation. The government expects that the agreements signed during the summit will drive sustainable development, strengthen industrial ecosystems, and position the state as a key investment hub in the northeastern region of India.
