Guwahati: Assam is actively implementing investments valued at approximately ₹2 lakh crore, a significant development confirmed by the state’s Minister for Industries and Commerce, Bimal Borah. These projects represent a substantial portion of the Memoranda of Understanding (MoUs) worth ₹5 lakh crore that were signed during the 'Investment Assam Summit 2' held in February last year.
Addressing the current status, Minister Borah elaborated that these substantial investments are progressing through various stages. He noted that some industrial units have already commenced production, while others are currently in the construction phase, and a considerable number are in the pipeline, awaiting initiation. Once completed, these ventures are expected to provide a major boost to the state's economy, fostering growth and generating employment opportunities.
According to Borah, the state government's customised industrial policy has been a key factor in attracting investors. This policy offers crucial infrastructure support, including the provision of connecting roads, reliable power supply, and adequate water supply, to industries that commit investments exceeding ₹100 crore and simultaneously create employment for more than 200 local youths. This strategic approach not only facilitates industrial expansion but also ensures that communities residing near these industrial hubs benefit from the improved infrastructure, thereby fostering inclusive development.
The Minister further stated that the progress of all MoUs signed at the summit is under regular and rigorous monitoring at the highest levels of government. This consistent oversight aims to ensure timely execution and the successful realisation of these projects' potential, reinforcing Assam's commitment to industrial development and economic prosperity.
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