Guwahati (Assam) [India]: The Assam government has received investment commitments worth approximately ₹5 lakh crore through multiple Memorandums of Understanding (MoUs) signed during the recently concluded Advantage Assam 2.0 summit, announced Industries and Commerce Minister Bimal Borah on Wednesday.
Borah highlighted the success of the summit, which took place on February 25-26 in Guwahati, stating, “Advantage Assam 2.0 was held very successfully. Around ₹5 lakh crore MoUs were signed in different sectors…now, we will scrutinise all the MoUs, department-wise. We will form a committee, and after the scrutiny, discussions will be held on which projects can be implemented here.”
According to Assam Chief Minister Himanta Biswa Sarma, the summit witnessed investment commitments and announcements totaling over ₹5.18 lakh crore. He emphasized that if even 70% of the signed MoUs are successfully implemented, Assam will move into the next league of development over the coming five years.
The Chief Minister further mentioned that the investments have the potential to generate employment for approximately 2 lakh youths. “From next month, we will thoroughly discuss the MoUs. It has a potential of providing employment to 2 lakh youths, on a conservative note,” CM Sarma informed reporters.
Among the major announcements at Advantage Assam 2.0, Reliance Industries Chairman Mukesh Ambani committed an investment of ₹50,000 crore, which includes setting up a mega food park and a 7-star hotel in Guwahati.
Similarly, Adani Group Chairman Gautam Adani announced plans to invest ₹50,000 crore in Assam, covering sectors such as airports, aerocity, defence, cement, and road projects.
In addition, the Tata Group has proposed to establish an electronics manufacturing facility in Assam, with an investment similar to that of its under-construction semiconductor plant, which is valued at ₹27,000 crore.
The successful conclusion of the Advantage Assam 2.0 summit and the substantial investment commitments reflect Assam’s growing appeal as an investment destination and its potential for significant economic growth in the years ahead.