Guwahati: The Assam Cabinet has approved memorandums of understanding (MoUs) valued at over Rs 1.22 lakh crore, which are set to be formalized during the upcoming Advantage Assam 2.0 infrastructure and investment summit in Guwahati on 25-26 February.
This summit aims to attract significant investments across several sectors to boost the state’s economic and industrial landscape.
Announcing the decision, Assam Chief Minister Himanta Biswa Sarma stated that the approvals were finalized following extensive deliberations, ensuring that only credible investment proposals were considered.
I am joining Adarniya Prime Minister Shri @narendramodi ji in the historic #AdvantageAssam2 which is set to transform Assam’s development trajectory. https://t.co/2Y5v7TlTXX
— Himanta Biswa Sarma (@himantabiswa) February 25, 2025
The state government rejected MoU proposals worth Rs 45,000 crore to prevent speculative agreements and unnecessary hype.
“We did not want to encourage flimsy or casual deals that could create false expectations among the people. Our focus is on genuine and impactful investments,” Sarma said.
He further added that while some MoUs would include financial components, others would focus on technology transfers and employment generation for local youth.
A key highlight of the summit will be 2,590 district-level MoUs, collectively bringing an additional investment of Rs 15,911 crore. These agreements, involving projects valued under Rs 50 crore, will be signed at district locations where the initiatives will be implemented.
Advantage Assam 2.0 is a follow-up to the state’s first investment summit held in 2018 under former CM Sarbananda Sonowal, where MoUs worth over Rs 65,000 crore were signed.
The summit to witness key industry leaders, as well as several Union ministers. Prime Minister Narendra Modi has reached the Summit to attend key sessions and engage with industry stakeholders.
With an ambitious investment agenda, Advantage Assam 2.0 is poised to reinforce the state’s position as a major investment hub in the Northeast, paving the way for economic growth and employment opportunities in the region.
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