Latest news with #AdvantageAssam2
Time of India
24-05-2025
- Business
- Time of India
Assam CM Himanta Biswa Sarma urges industrialists to deliver on Advantage Assam 2.0 promises
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Guwahati: Assam Chief Minister Himanta Biswa Sarma met top industrialists in New Delhi and asked them to fulfill their commitments made during Advantage Assam 2.0 Investment and Infrastructure Summit in Chief Minister met the Chairman of Vedanta Group , Anil Agarwal at his official residence here on Friday evening and asked him to operationalise the group's investment commitment made during Advantage Assam Summit held in February this of Vedanta, Agarwal said the group is wholly committed to Assam's growth journey and is keen to expand its footprint in the State's hydrocarbon taking to X (formerly Twitter), the Chief Minister wrote, "Today in New Delhi, I met the very enterprising Chairman of @Vedanta_Group, Shri @AnilAgarwal_Ved Ji. We spoke on operationalising the group's investment commitment made during #AdvantageAssam2. Vedanta is keen to expand its footprint in the state's hydrocarbon sector."Later, the Chief Minister met Managing Director of ITC Hotels , Anil Chadha at his official residence here and discussed the potential of investment in the hospitality told the Chief Minister that his group is very keen in exploring opportunities in the hospitality sector in about the development, CMO Assam, tweeted, "Anil Chadha, MD, @ITCHotels called upon HCM Dr. @himantabiswa in New Delhi today. They discussed the potential of investments in Assam's hospitality sector as Shri Chadha expressed keen interest in exploring opportunities for expansion in the state."The Advantage Assam 2.0 has secured investment commitments worth Rs 5.18 lakh crore over the next five years, It may be mentioned that Chief Minister Sarma, who is closely monitoring the investment commitments made by different companies during the Advantage Assam 2.0, will hold one-to-one meeting with the industry honchos in the national capital on May 26."The Chief Minister has started individual discussions with the companies about how to go about realising the investment on the ground, what kind of incentives they might need, land they would need. We will prepare the preparatory roadmap over the next six months,' a senior official privy to the development said."If even a significant portion of the pledged investments materialises, Assam could emerge as a leading industrial hub in the Northeast and beyond. Therefore, the focus now shifts to implementation and execution, ensuring that these investments translate into job creation, infrastructure development, and long-term economic benefits for the state," the official achieve this goal, the Government of Assam plans to carefully analyse investment proposals in the current financial year and work toward a comprehensive roadmap within the next six months. "The roadmap will focus on addressing key challenges such as land allocation, ease of doing business, and incentive structures to ensure that projects move from paper to reality," the official quipped.
India Gazette
24-05-2025
- Business
- India Gazette
Assam CM meets industry leaders in New Delhi, urged to fulfill Advantage Assam 2.0 commitments
New Delhi [India], May 24 (ANI): Assam Chief Minister Dr Himanta Biswa Sarma on Saturday met top industrialists on the sidelines of ongoing Rising North East Summit 2025 in New Delhi and asked them to fulfill their commitments made during Advantage Assam 2.0 Investment and Infrastructure Summit in Guwahati, a release added. The Chief Minister met the Chairman of Vedanta Group, Anil Agarwal at his official residence here on Friday evening and asked him to operationalise the group's investment commitment made during Advantage Assam Summit held in February this year, the release by the state added. As per the release, Chairman of Vedanta, Agarwal said the group is wholly committed to Assam's growth journey and is keen to expand its footprint in the State's hydrocarbon sector. Later, taking to X (formerly Twitter), the Chief Minister Dr Himanta Biswa Sarma wrote, 'Today in New Delhi, I met the very enterprising Chairman of @Vedanta_Group, @AnilAgarwal_Ved Ji. We spoke on operationalising the group's investment commitment made during #AdvantageAssam2. Vedanta is keen to expand its footprint in the state's hydrocarbon sector.' The Chief Minister met Managing Director of ITC Hotels, Anil Chadha at his residence and discussed the potential of investment in the hospitality sector. Chadha told the Chief Minister Sarma that his group is very keen in exploring opportunities in the hospitality sector in Assam. Informing about the development, CMO Assam, tweeted, 'Anil Chadha, MD, @ITCHotels called upon HCM Dr @himantabiswa in New Delhi today. They discussed the potential of investments in Assam's hospitality sector as Chadha expressed keen interest in exploring opportunities for expansion in the state.' Assam's investor summit, Advantage Assam 2.0 secured investment commitments worth Rs 5.18 lakh crore over the next five years. The release added that CM Sarma is closely monitoring the investment commitments made by different companies during the Advantage Assam 2.0. He will hold one-to-one meeting with the industry leaders in the national capital on May 26. 'The Chief Minister has started individual discussions with the companies about how to go about realising the investment on the ground, what kind of incentives they might need, land they would need. We will prepare the preparatory roadmap over the next six months,' a senior official privy to the development said. 'If even a significant portion of the pledged investments materialises, Assam could emerge as a leading industrial hub in the Northeast and beyond. Therefore, the focus now shifts to implementation and execution, ensuring that these investments translate into job creation, infrastructure development, and long-term economic benefits for the state,' the official added. 'The roadmap will focus on addressing key challenges such as land allocation, ease of doing business, and incentive structures to ensure that projects move from paper to reality,' the official added. To achieve the goal, the Government of Assam plans to carefully analyse investment proposals in the current financial year and work toward a comprehensive roadmap within the next six months, the release added. (ANI)
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Business Standard
24-05-2025
- Business
- Business Standard
Assam CM Sarma urges Vedanta, ITC to fast-track ₹5.18 trn investments
Assam Chief Minister Himanta Biswa Sarma met top industrialists here and sought fulfilment of their commitments made at an investment summit held in Guwahati in February. The chief minister met Vedanta Group Chairman Anil Agarwal here on Friday evening and asked him to operationalise the group's investment commitment made during the Advantage Assam 2.0 investment summit, an official release said. Agarwal said the group is wholly committed to Assam's growth journey and is keen to expand its footprint in the state's hydrocarbon sector. Later, Sarma took to 'X' and wrote, "Today in New Delhi, I met the very enterprising Chairman of Vedanta Group Shri Anil Agarwal Ji". "We spoke on operationalising the group's investment commitment made during AdvantageAssam2. Vedanta is keen to expand its footprint in the state's hydrocarbon sector," he said. The chief minister also met the Managing Director of ITC Hotels, Anil Chadha, and discussed with him the potential of investment in the hospitality sector. Chadha told the chief minister that his group is very keen on exploring opportunities in the hospitality sector in Assam, the release said. Informing about the development, Sarma's officer wrote in 'X', "Shri Anil Chadha, MD, ITC Hotels called upon CM Himanta Biswa Sarma in New Delhi today. They discussed the potential of investments in Assam's hospitality sector as Chadha expressed keen interest in exploring opportunities for expansion in the state." The Advantage Assam 2.0 has secured investment commitments worth Rs 5.18 lakh crore over the next five years. The chief minister, who is closely monitoring the investment commitments made by different companies during the Advantage Assam 2.0, will hold one-on-one meetings with the industry honchos in the national capital on May 26. "The Hon'ble Chief Minister has started individual discussions with the companies about how to go about realising the investment on the ground, what kind of incentives they might need, the land they would need. We will prepare the preparatory roadmap over the next six months," a senior official privy to the development said. "If even a significant portion of the pledged investments materialises, Assam could emerge as a leading industrial hub in the Northeast and beyond," the official said. Therefore, the focus now shifts to implementation and execution, ensuring that these investments translate into job creation, infrastructure development, and long-term economic benefits for the state. To achieve this goal, the government of Assam plans to carefully analyse investment proposals in the current financial year and work toward a comprehensive roadmap within the next six months. "The roadmap will focus on addressing key challenges such as land allocation, ease of doing business, and incentive structures to ensure that projects move from paper to reality," the official added.
Time of India
19-05-2025
- Business
- Time of India
Assam govt signs MoUs for projects worth 22,900 crore
1 2 3 Guwahati: Assam govt on Sunday held an MoU-signing ceremony for 20 projects worth Rs 22,900 crore, The proposals for these projects were received during the Advantage Assam 2.0 summit . CM Himanta Biswa Sarma, who was present at the ceremony, said several infrastructure projects are underway and the govt is also focusing on innovation and employment-generating sectors that require lesser investment, including agriculture and dairy. Discussing the investment sector, he said binding MoUs are being signed for committed proposals worth Rs 22,900 crore in the execution stage, which includes pivotal projects in waste management, Tata Gateway, solar power production, and ethanol production. "At #AdvantageAssam2 we signed MoUs of Rs 5 lakh cr. Since then we did extensive due diligence on feasibility. While we continue to scrutinise other proposals, today Rs 23,000 cr of investment commitments are moving to an executionary phase which will create approximately 6,000 jobs," Sarma wrote on 'X'. The Advantage Assam 2.0 investment and infrastructure summit took place in Feb. "The state govt was expecting to achieve investments totalling Rs 1.50 lakh crore within the first year of the summit," he said. The chief minister highlighted that proposals considered unserious were filtered out to minimise disparity between the proposed monetary amount at the summit and the actual projects being executed. He added that following Advantage Assam 2.0, three major initiatives — Guwahati ring road and Narengi-Kuruwa bridge (Rs 7,800 crore) over the Brahmaputra, and the Guwahati-Silchar express highway (Rs 23,000 crore, approved by Union cabinet) — are now realities set for implementation. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Has Honda Done It Again? The New Honda CR-V is Finally Here. TheFactualist Undo Sarma announced another MoU-signing ceremony planned for Sept or Oct, during which agreements with some major players will be formalised. He expressed his gratitude to Amul for its initiative to set up a milk processing unit in Assam. "Amul signed an agreement of Rs 75 crore, others signed agreements of Rs 2,000 crore. But in terms of employment, Amul, with Rs 75 crore, will generate 20,000 jobs. That is the power of dairy, horticulture, veterinary, and agriculture," Sarma said.
Business Mayor
13-05-2025
- Business
- Business Mayor
Guwahati gears up for luxury boom: 11 five-star hotels, Marriott projects break ground
Sarma remarked that the construction of such state-of-the-art infrastructure represents a significant progression in Assam's hotel, hospitality, and tourism industries. He stated that the project holds the potential to influence the socio-economic landscape of the state in a substantive manner. He said that Assam has enjoyed a relatively peaceful environment over the past four years and underscored the importance of such stability in facilitating long-term development. Emphasising the inter-relationship between industrial expansion and economic stability, he noted its role in shaping the aspirations of younger generations. Referring to the Advantage Assam 2.0 Summit, the Chief Minister reiterated its intent to develop a favourable climate for investment in the state. In response to this initiative, Jonali Constructions Private Limited committed to undertake the development of two hotel properties in proximity to the Guwahati Airport. With preparatory work now complete, he announced the commencement of construction. The Guwahati Marriott Resort and Spa, he stated, would feature a total of 196 rooms, while Fairfield by Marriott Guwahati would comprise 288 rooms. In addition to both underground and open parking facilities, the properties would include ballroom space and open lawn areas, designed to accommodate large events. The projected timeline for completion is estimated at thirty-six to forty-eight months, he expressed confidence that the resort's location, given its proximity to the airport, would attract both domestic and international visitors. He further suggested that tourists may extend their visits to include sites such as Kaziranga, Manas, and Kamakhya. He stated that a rise in visitor expenditure would, in turn, positively influence Assam's gross domestic highlighted the increasing popularity of destination weddings. With reference to the hotel project, he observed that approximately 500 families stand to benefit from its implementation, either directly or indirectly. He anticipated that the surrounding area would, in time, witness heightened economic activity. Sarma stated in X, 'With 11 five-star hotels in the pipeline, Guwahati is becoming a hub for global hospitality chains who are seizing the opportunity to cater to the huge demand in the region. All of this has gained momentum post #AdvantageAssam2.' Mukesh Ambani-owned Reliance Industries has announced to invest Rs 50,000 crore in the state over the next five years. The group has announced plans to build a seven-star Oberoi hotel.
