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Assam government inks MoUs for investments worth Rs 8201.29 cr

Wednesday, 10 May 2023
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The Assam government has inked nine memorandums of understanding (MoUs) with nine companies in Guwahati, for private sector investments estimated at Rs 8201.29 crore.

The agreements have been signed with Calcom Cement India, Star Cement, PepsiCo India Holding, Varun Beverages , Century Float Glass, Taj Cement Manufacturing , Star Cement India and DS Group. The Assam Industrial Development Corporation (AIDC) signed an MoU with the Adani Group to set up a centre for perishable cargo at LGBI airport which will provide the infrastructure for air cargo handling facility to boost export of horticulture products from the North-east region.

It is expected that the investments from diversified sectors of food manufacturing, beverages, cement, glass, electric vehicles manufacturing and others would result in setting up of mega industrial projects across the state, and an estimated 6115 employment opportunities in the state is expected to be generated.

Besides, the Assam Government has also formulated a customised industrial policy to enable individual private investments in the bracket of above Rs 100 crore in the state.

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