City
Epaper

Advantage Assam 2.0: Over Rs1.5 lakh cr investments expected as Assam charts a new growth story

By ANI | Updated: February 25, 2025 13:40 IST

Guwahati (Assam) [India], February 25 : The Advantage Assam 2.0 summit, held in Guwahati on Tuesday, is set to ...

Open in App

Guwahati (Assam) [India], February 25 : The Advantage Assam 2.0 summit, held in Guwahati on Tuesday, is set to be a game-changer for the state's economic landscape, with investment commitments surpassing expectations.

Minister of State for External Affairs Pabitra Margherita revealed that Memorandums of Understanding (MoUs) worth over Rs1.2 lakh crore have already been approved by the state cabinet, and the total investment is projected to exceed Rs1.5 lakh crore through the summit.

Speaking at the event, Margherita emphasized the significance of the summit, and said, "MoUs of more than Rs 1.2 lakh crores have already been passed by our state cabinet. We are expecting an investment of more than Rs 1.5 lakh crores in this summit."

He added, "Yesterday, in the presence of the PM, more than 10000 artists performed 'jhumoir', the folk dance of Assam's tribes. With this, we celebrated 200 glorious years of our Assam tea, the first industry of our state. This is a milestone in the context of development of Assam."

The initiative has drawn strong endorsements from key state leaders. Assam Assembly Deputy Speaker Numal Momin hailed the leadership of Chief Minister Dr Himanta Biswa Sarma, stating, "Our CM, Dr Himanta Biswa Sarma, has taken a very good step with Advantage Assam 2.0. It will help Assam have more investors and industries."

Echoing similar sentiments, Assam Minister Ashok Singhal praised the summit for "giving wings to Assam's aspirations."

He added, "He is giving wings to Assam's aspirations. The youth are looking forward to a developed and peaceful Assam. Advantage Assam 2.0 will be a landmark event and a milestone in Assam's journey to progress."

The summit, aimed at positioning Assam as a top investment destination, is expected to accelerate industrialization, infrastructure development, and employment generation, paving the way for a new era of economic prosperity in the region.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

Other SportsSatwik-Chirag suffer shock exit from Australian Open; Lakshya Sen keeps India's hopes alive

BusinessGovernment enforces four Labour Codes to simplify, streamline India's labour laws

NationalCM Mohan Yadav to visit Hyderabad tomorrow to woo investment for Madhya Pradesh

HealthChamoli: PM Jan Aushadhi scheme brings major relief as residents get quality medicines at low cost

NationalK’taka: Two arrested for passing sensitive Indian Navy intelligence to Pakistan

Business Realted Stories

BusinessGovt suspends enforcement of 55 IS Standards under steel quality control order to help local industry

BusinessUnion Ministers, industry hail India’s ongoing effort to modernise labour framework

BusinessOdisha Cabinet aprroves Global Capabilities Centre Policy 2025

BusinessBritish Dy HC team explores mineral exploration opportunities in Rajasthan

BusinessNITI Aayog draws up roadmap on urban data ecosystems to push growth, jobs