Assam's Economic Engine: ₹23,000 Crore Projects Enter Execution

Assam Chief Minister Himanta Biswa Sarma has announced that investment proposals worth ₹23,000 crore under the Advantage Assam 2.0 initiative have moved into the execution phase, generating approximately 6,000 new employment opportunities across the state.

The announcement was made during a high-level investment conclave held at Srimanta Sankardeva Kalakshetra in Guwahati, where over 20 Memoranda of Understanding (MoUs) were signed in the presence of prominent industry leaders and senior government officials. Highlighting the state's progress, the Chief Minister noted that Assam has signed investment agreements amounting to ₹5.18 lakh crore, with a strong focus on translating infrastructure plans into on-ground projects.

Key developments include the ₹7,800 crore Guwahati Ring Road and the Narengi-Kuruwa bridge, both set to begin soon. Prime Minister Narendra Modi is scheduled to lay the foundation stones for these major infrastructure projects in September. In addition, the Union Cabinet has approved the ₹23,000 crore Guwahati-Silchar Express Highway, further enhancing connectivity in the region.

Leading investors include Hinduja Renewables with a ₹14,000 crore commitment, NEEPCO with ₹2,400 crore, and SJVN Green Energy with ₹950 crore. Construction is also underway on ethanol and cement production units worth ₹2,800 crore.

The event, attended by Industries Minister Bimal Borah and other dignitaries, marks a significant milestone in Assam’s journey toward industrial transformation and economic growth.

News by Rahul Yelligetti.