By Partha Chatterjee
Guwahati- The Assam Cabinet on Sunday approved investment proposals worth Rs 1.22 lakh crore ahead of the second edition of the state business summit.
The Summit is being held in Guwahati on 25 and 26 February, 2025, Chief Minister Himanta Biswa Sarma announced.
Addressing a press conference after a cabinet meeting, Sarma said that it had been decided that all MoUs, which will be signed during the Advantage Assam 2.0 Investment and Infrastructure Summit here, will be “properly scrutinised and then approved” by the council of ministers.The cabinet rejected MoUs worth Rs 45,000 crore as these were found to be on “flimsy grounds”, he said.
“We don’t want to create unnecessary euphoria among people, we want to be reasonable and rational,” he said of the cabinet that had gone through all proposals before approval.
The two-day business summit will be inaugurated by Prime Minister Narendra Modi on February 25.
Ambassadors from over 60 countries and business delegations from several countries along with top industrialists of India are expected to attend the programme.
“The cabinet cleared MoUs worth Rs 1.22 lakh crore today and more details of these will be shared during the summit. We had decided that no MoU will be signed in the piggery sector. Other than that, MoUs have been approved in various sectors, ranging from handloom and textile to power to industry to mines and minerals,” Sarma said.
Besides the MoUs approved, announcements of investments by some companies are also likely during the summit, he added.
He said the MoUs and investments to be announced through the summit can be broadly categorised into four segments – announcements for investment, announcements for infrastructure, MoU financial and MoU non-financial.
Some of these investment announcements will be by the government sector, some by PSUs and also by private parties, he added.
Along with the investment proposals to be finalised at the summit here, MoUs for investment up to Rs 50 crore will be signed at the district commissioners’ (DC) offices during the two days of the mega event.
Altogether, 2,590 such MoUs with investment proposals ranging between Rs 5 lakh to Rs 50 crore have been confirmed to be signed at the districts during the summit, Sarma said.
This landmark event presents a unique opportunity to forge and strengthen partnerships and collaborations, while gaining valuable insights into the myriad possibilities available in the State for expanding business and pursuing new investments.
Traditionally known for its sprawling tea estates, verdant agriculture and petroleum reserves, the state is now diversifying into various emerging sectors.
Key investments, such as the Rs 27,000 crore OSAT project by TATA in Jagiroad, showcase Assam’s ability to attract high-value investments.
Advantage Assam 2025 offers a unique platform for businesses to explore trade and investment opportunities across a wide range of sectors, including food processing, tourism, IT, manufacturing, green energy, infrastructure, connectivity, defence, aerospace, automobile manufacturing, sports, pharma, healthcare, agriculture and financial services.
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