Assam cabinet approves investments of over Rs 7700 crore
Guwahati: Assam cabinet has approved investments of over Rs 7700 crore by 14 companies, including a Rs 1500-crore investment from a foreign company, along with incentives offered under the state's Industrial and Investment Policy (IIPA) that was rolled out 2019.
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These investments will be in various sectors — petrochemicals, pulp and specialised paper, EV battery component manufacturer, plastic recycling, brewery, ethanol manufacture, cement and grinding units and hotels and resorts of Taj and Marriott brands.
CM Himanta Biswa Sarma on Tuesday said, "Every industry and investor has its unique growth requirements. Realising this, Assam rolled out the IIPA, 2019 to offer customised incentives to companies investing over Rs 100crore in the state.
Yesterday, we approved incentives to 14 companies who will invest over Rs 7208 cr in Assam."
He added these investment proposals were given in the Advantage Assam 2.0 investment and summit held here in February. "These investments are expected to generate more than 16,000 direct employment," he said.
The February investment summit brought investment proposals of Rs 5.18 lakh crore from both govt and private entities, including the country's leading industrial conglomerates of Tata, Reliance, Adani, Vedanta and JSW, which together announced commitments totalling over Rs 1.8 lakh crore.
These investments, planned over a five to six-year period, span diverse sectors, including aero cities, cement production, technology and AI-enabled data centres, large-scale electronics manufacturing, sustainable energy projects, premium hospitality and hydrocarbon facilities.
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