Advantage Assam: 176 MoUs worth Rs 65,186 crores to be signed on Day 1

The first day of the Advantage Assam Global Investors Summit at Sarusajai Stadium complex in Guwahati on Saturday witnessed signing of 176 MoUs with 160 companies, promising investments worth Rs 65,186 crores in the state.

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Kaziranga University

ONGC led the investment pledge with the signing of a Rs 13,000-crore MoU with the state government. Oil India Limited pledged Rs 10,000 crores of investment followed by Rs 3432 cr from IndianOil Corporation and Rs 3410 from NRL.

Other than the petroleum sector, the health sector saw MoUs with Indo UK Healthcare Pvt. Ltd. worth Rs 2700 crore. The group will set up an integrated medicity in Assam with a 1000-bedded hospital.

Besides, Tata Trusts promised Rs 800 crore for a PPP model cancer care mechanism in Assam. The Assam government will invest Rs 1000 crore in 5 years for cancer care while the Tata Trusts will invest Rs 800 crore within a year to roll out the plan. N Chandrasekaran, chairman, Tata Sons said that the company is working with Assam government for cancer hospital facilities and plans to touch nearly two million lives in Assam.

Interestingly, SpiceJet has signed an MoU with the Assam government’s agriculture department. The MoU pledged an investment of Rs 1250 crore. Earlier, in the inaugural function, SpiceJet CMD had expressed his desire to provide logistic support to the fruit producers of the region.

In the infra sector, a Rs 6000 crore MoU was signed between the department of industries and Essel Infraprojects.

Star Cement and Century Plyboards also signed Rs 2100 crore worth MoUs each.

Infinity Group will be investing Rs 1,000 crore in an IT Park and Real Estate in Guwahati. Medanta Group shared their proposal of Rs 500 crore investment in the Healthcare sector. Dalmia Bharat Cement announced an investment attuned to Rs 1,100 crore. Tourism sector which is one of the key focus areas of the Assam government saw an investment proposal in concurrence of around Rs 736 crore. Infrastructure sector a prime determinant of progress saw a total investment proposal worth Rs 2,347 crore.

Reliance Industries chairman Mukesh Ambani spoke at length about sustainable livelihood opportunity, Reliance Jio’s per capita data usage in Assam is the highest in India. Jio will be opening new offices in the State as it aims Reliance has already invested Rs 5000 crore in Assam and over the next three years will invest additional Rs 2,500 crore.

(The Story Was Updated)


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About Jayanta Deka

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Jayanta Deka is a Guwahati-based journalist with more than 10 years of experience in journalism. Tracking new media, technology, startups and politics interest him. He can be reached through [email protected]

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