176 MoUs worth of Rs 64,386 crore signed in Advantage Assam
Guwahati, Feb 3 (IBNS): The first ever investment promotion and facilitation initiative by the Assam government, Global Investors’ Summit 2018. Advantage Assam, saw Rs 64, 386 crore worth of Memorandum of Understanding (MoUs) being signed on the first day of the summit on Saturday.
The summit has witnessed the luminaries of Indian business fraternity descending on the most talked about investment summit in the largest economy of north-eastern India.
A total of 176 MoUs with 160 companies amounting to Rs 64,386 crore were signed in the first day the mega event held in Guwahati.
Prime Minister Narendra Modi on Saturday had inaugurated the 2-day long summit applauded the consistent determination by the Assam government led by Assam Chief Minister Sarbananda Sonowal, for being the guiding force behind charting out a growth story for the state.
As Assam embarks upon a new chapter, laying emphasis on new capital formation through business and industrial development, it received overwhelming support and appreciation from the champions of the industry.
Among the signed MoUs, Oil India will invest Rs 10,000 crore, Indo-UK Institute of Health to invest 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 invest 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 invest in Road Infra, Power and Water Resource.
Dalmia Bharat Cement has 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.
Knowing the passion towards football in the state, Indian Super League run by IMG Reliance wishes to set up a top class football academy in partnership with the Assam government.
Reliance Foundation will establish a University in Assam to promote wildlife protection and eco-tourism in a sustainable manner.
N. Chandrasekaran, Chairman, Tata Sons said that the company is working with the Assam government for cancer hospital facilities and plans to touch nearly two million lives in the state.
Foreign delegates and ministers who attended the summit were Prime Minister of Bhutan, Dasho Tshering Tobgay, spoke about Indo-Bhutan bilateral ties and the opening of the Royal Bhutanese Consulate in Guwahati.
He pointed out that Advantage Assam means Advantage Bhutan.
The Summit will be witnessing primary focus on sectors such as Agriculture and Food processing, Handloom, Textile and Handicraft, Tourism, Hospitality and Wellness, Plastics and Petrochemicals, Power, Pharmaceutical and Medical devices, Heavy Industries, Inland Water Transport, Port Township and River Front Development and IT & ITeS.
(Reporting by Hemanta Kumar Nath)
Image: facebook.com/BJP4Assam
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