The business magnates Gautam Adani and Mukesh Ambani announced plans to invest Rs 50,000 crore each in a number of Assamese sectors at the Assam Advantage 2.0 Summit, currently underway, providing a platform for businesses and leaders to explore new investment opportunities in the state.

Speaking at the summit, Reliance Industries Chairman Mukesh Ambani stated that his company wants to make Assam a technical powerhouse and accelerate its growth with its Rs 50,000 crore investment.

Young people from Assam would be vital to the development of artificial intelligence in the future, according to the chairman of Reliance Industries.

"Because of the popularity of Assam tea, until now, Assam has been known as the tea paradise," he said. "In the coming years and decades, I am sure Assam will be known to the world also as a technological paradise.

"Assam’s tech-savvy youth will give a new meaning to AI - where AI will not only stand for Artificial Intelligence but also Assam Intelligence."

 

In his remarks at the summit, Adani Group Chairperson Gautam Adani emphasized that his conglomerate would engage in a variety of industries, such as cement, road projects, city gas distribution, transmissions, airports, and aero-cities.

"It is with great pride that I announce today the Adani Group's commitment to invest Rs 50,000 crore in Assam," he said.

Adani reflected on how investor summits have shaped India's economic landscape, pointing out that during the previous 20 years, these gatherings have acted as catalysts for revolutionary change, drawing billions of dollars in investments and bolstering India's goal of a "Viksit Bharat" (developed India).

At the Madhya Pradesh Global Investors Summit in Bhopal, Adani announced a Rs 1.1 trillion investment in Madhya Pradesh the day before.  This investment, which is anticipated to create more than 100,000 jobs, will concentrate on a number of areas, such as a coal gasification project, an airport project, and a greenfield smart city.  There are still talks about making more investments in the state.

Adani drew a comparison between Gujarat's economic revolution and Assam's investor summit, recalling that the Resurgent Gujarat event in 2003 served as the precursor to the now-famous Vibrant Gujarat Global meeting.  "What started as a spark has now ignited a national movement inspiring every state to add up the power of investment-driven economic transformations," he said.

Inaugurated by Prime Minister Narendra Modi earlier today, the Advantage Assam 2.0 Summit seeks to bring together foreign business delegations and leading industry figures.