Over 110 MoUs Worth Rs 1.89 Lakh Crore Signed at Advantage Assam Summit
On the first day of the Advantage Assam business summit, over 110 MoUs worth approximately Rs 1.89 lakh crore were signed, with the total expected to rise significantly by the end of the two-day event. In addition to four international non-financial MoUs, prominent domestic companies like Adani Group, Tata Power, JSW Energy, and state-owned enterprises such as OIL, ONGC, and NRL committed to investing in the northeastern state during the 'Advantage Assam 2.0 Investment and Infrastructure Summit.'
"On Day 1 of #AdvantageAssam2, the state signed 114 MoUs worth approximately Rs 1.89 lakh crore with leading companies, including Adani Total Gas, Tata Power, ONGC, Oil India, Essar Group, JSW Energy, AMUL, PNB, DP World, Welspun, Bill & Melinda Gates Foundation and NRL etc", the Chief Minister's Office (CMO) said in a post on X.
"These strategic partnerships will fuel industrial growth, generate employment, and drive Assam's economic expansion. With a thriving business ecosystem, the state is poised to usher in a new era of prosperity," it added.
The government signed a Rs 30,000 crore-pact with Tata Power, Rs 7,000 crore one with JSW Group, Rs 5,850 crore with Greenko Energies Pvt Ltd, Rs 5,000 crore with Adani Total Gas Ltd, Rs 3,000 crore with PNB Investment Services Ltd and Rs 2,100 crore pact with Essar Group.
Among PSUs that signed MoUs during the day are OIL, pledging investment of Rs 23,300 crore, and an investment proposal of Rs 10,711 crore by the Numaligarh Refinery.
The MoUs signed were in varied sectors, from energy to healthcare to manufacturing.
Four international MoUs were signed today, including one with the Bill and Melinda Gates Foundation to collaborate on developmental support in areas such as health and agriculture. The Ministry of Trade and Industry of Singapore signed an MoU for nursing talent skills cooperation, ASEAN One Co Ltd from Japan signed another to establish a skill training institute, and Spice Lemon will set up a Japanese Language institute.
During the inaugural session, major private sector companies, including Reliance, Adani, Vedanta, and the Tatas, collectively announced an investment of approximately Rs 2 lakh crore in the Northeastern state.