Investment Surge at Advantage Assam: Over Rs 90,000 Crore in Proposals Signed

The Advantage Assam business summit witnessed the signing of investment proposals worth over Rs 90,000 crore on its first day. With major agreements from Tata Power and JSW Group, over 30 MoUs were signed involving both private entities and public sector units. Substantial growth in investments is expected.

At the Advantage Assam business summit, investment proposals exceeding Rs 90,000 crore were signed on the first day. This figure is anticipated to grow significantly by the end of the summit, according to a senior official.

The agreements involve both financial and non-financial commitments, including major MoUs with top PSUs and various private companies. Notable deals include a Rs 30,000 crore agreement with Tata Power and significant pledges by JSW Group and Adani Total Gas Ltd.

Public Sector Undertakings like OIL and the Numaligarh Refinery have also made sizeable commitments. Over 30 MoUs have been signed, with private firms agreeing to invest over Rs 53,000 crore, while state entities have pledged over Rs 35,000 crore in Assam.