Investment over Rs 65,000 cr pledged to Assam on first day of global summit

Investment over Rs 65,000 cr pledged to Assam on first day of global summit

Guwahati, Feb 3: Investments worth over Rs 64,000 crore, in the form of more than 175 MoUs, were pledged to Assam by industry bigwigs on the inaugural day of the two-day global investors’ summit, ‘Advantage Assam’, here today.

Prime Minister Narendra Modi inaugurated the summit, in the presence of delegations from more than 10 countries, other international dignitaries and industry leaders, pledging to transform North Eastern region into the growth engine of the nation.

Modi said, “We created the Act East Policy and the Northeast is at the heart of it. The Act East Policy requires increased people to people contact, trade ties and other relations with countries on India’s east, particularly ASEAN countries.”

“The tagline of this Summit is very appropriate and gives a big message. ‘Advantage Assam: India’s Express way to ASEAN’ is not just a statement but it is a comprehensive Vision,” he added.

Giving details of various provision of Union Budget 2018 and how will it impact the Northeastern region, the Prime Minister said eight North Eastern states are ‘Astalaxmi’ of India and could well turn out to be new engine of growth for new India.

Delving on growth potential of the eight states of the region, Modi said polices are now being designed according to the needs of North East people and will have a long term positive impact on the region in near future.

Prime Minister of Bhutan, Dasho Tshering Tobgay, who was among the international guests, spoke at length about Indo-Bhutan bilateral ties and the opening of the Royal Bhutanese Consulate in Guwahati, Assam.

He pointed out that Advantage Assam means Advantage Bhutan.

The first day of the summit saw a mammoth 176 MoUs worth Rs 65,186 crore signed in the presence of Assam Chief Minister Sarbananda Sonowal.

Oil India will be investing Rs 10,000 crore, Indo-UK Institute of Health will be investing Rs 2,700 crore, Century Ply has shared plans of investing Rs 2,100 crore, Spicejet outlined plans of Rs 1,250 crore worth of investment for Assam through sea planes boosting the tourism sector besides connecting Lakhimpur and Jorhat under the Udaan Scheme.

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.

Essel Infra group will be investing in Road Infra, Power and Water Resource, while Dalmia Bharat Cement announced an investment attuned to Rs 1,100 crore.

Tourism sector which is one of the key focus areas saw an investment proposal in concurrence of around Rs 736 crore, while Infrastructure sector, a prime determinant of progress, saw a total investment proposal worth Rs 2,347 crore.

Reliance Group Chairman Mukesh Ambani, who spoke at the inaugural ceremony, committed to make an investment of Rs 2,500 crore in next three years in Assam in sectors like tourism, telecom and related areas.

Ambani also promised to open Reliance Jio offices in all 150 tehsils headquarter of the state. Reliance will also increase its petrol pump network from existing 27 to 165.

In creation of new livelihood opportunities, the Mukesh Ambani owned company will create 20 thousand sustainable projects and will create one lakh job opportunity.

Ambani also said Reliance will build a world class football academy in the state.

Spicejet Chief Managing Director Ajai Singh said the mighty Brahmaputra could be developed as the world’s largest runaway for sea planes.

Singh said Guwahati airport will act as gateway to connect to ASEAN countries.

The chairman of Tata Sons, N Chandrasekaran, said the company is working with Assam Government for cancer hospital facilities and plans to touch nearly two million lives in Assam.

Parallel thematic sessions were organized in five halls where discussions were held on the sectors — agriculture & food processing, plastic and petrochemicals, innovation and start-up, power and country sessions for Czech Republic and Japan. (UNI)


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