Latest news with #AdvantageAssam2.0
Time of India
28-05-2025
- Business
- Time of India
Amul Dairy to set up Rs 100cr processing plant in Assam
Vadodara: The Kaira District Milk Producers Union Limited, popularly known as Amul Dairy, is set to establish a dairy processing plant in Assam with an investment ranging between Rs 75 crore and Rs 100 crore. The move is aimed at boosting dairy production in the region and expanding Amul's footprint in the eastern belt of the country. The Assam govt has allotted a 20-bigha parcel of land on lease to Amul Dairy at the Institute of Farm Management Campus in Rani, near Guwahati. The decision to lease the land was approved earlier this month by the state cabinet as part of a broader initiative to enhance the dairy sector under the Advantage Assam 2.0 programme. Amul Dairy chairman Vipul Patel confirmed the development, stating that the Assam plant is part of the cooperative's ongoing expansion across India. "Our new projects, including the Chittoor Dairy in Andhra Pradesh and the ice cream plant in Pune, are already operational. Paneer and sweets production has also begun at the Pune facility," he said. According to the agreement signed with the Assam govt, the new plant is expected to benefit around 20,000 dairy farmers in the state. Initially, the plant will have a milk processing capacity of one lakh litres per day, with plans for future expansion. "The plant in Assam will become operational within the next one and a half years," said Amul Dairy managing director Amit Vyas, told TOI. He added that the facility will play a significant role in strengthening Amul's operations in the northeastern region.
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
23-05-2025
- Business
- Time of India
Adani Group, Reliance, Vedanta to invest Rs 30,000-50,000 cr each in northeast India
Adani Group, Reliance Industries , and Vedanta plan to invest an additional ₹30,000-50,000 crore each in northeast India, the conglomerates announced at the Rising Northeast Investors Summit on Friday. Reliance's investments across the region span retail, healthcare, and telecom services, while the Adani Group has invested in infrastructure, logistics networks, energy projects, and digital connectivity solutions. Speaking at the event, Mukesh Ambani, chairman and managing director, said Reliance Industries has committed to investing ₹45,000 crore more in the Northeast. "Reliance has invested around ₹30,000 crore in the region in the past 40 years," he said, adding, "In the next five years, we will more than double our investments, with our target at ₹75,000 crore". ET Bureau RIL's investments will cover telecom, retail, renewable energy, biofuel, healthcare, and sports infrastructure across all eight Northeastern states. Reliance Jio plans to double its 5G user base in the region this year, and deploy AI-based tools in schools, hospitals, businesses, and homes. On the retail front, Reliance will increase sourcing of agricultural produce and set up local FMCG manufacturing units. On the other hand, Gautam Adani-led Adani Group pledged a ₹1 lakh crore investment commitment for Assam and the broader Northeast region over the next decade. Adani said the group's investment will focus on green energy, power transmission, roads, digital infrastructure, logistics, and human capital development. The commitment doubles the ₹50,000 crore investment announced by the Adani Group just three months ago at the Advantage Assam 2.0 summit. Natural resources major Vedanta announced a ₹80,000 crore investment in the region, including ₹50,000 crore in Assam that it had announced earlier this year. These investments will be made in oil & gas, critical minerals, refining facilities, power, optical fibre, system integration, renewable energy, transmission sectors and data centres in six northeastern states. The investment is expected to generate 100,000 jobs.
