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Assam Investors' Meet: 176 MoUs of Rs 65,186 Crore Signed on Day 1

Guwahati: As many as 176 initial pacts worth Rs 65,186 crore with 160 firms were signed in Guwahatie on the first day of the Assam's maiden Global Investors' Summit, where Prime Minister Narendra Modi emphasised the need for an all-round development of the North East.

Modi in his inaugural speech said the government has speeded up the functioning of official machinery and laid stress on the importance of 'Act East Policy' for further momentum to the country's growth story.


"We want all programmes to be completed before target," the prime minister said at the programme attended by Bhutan Prime Minister Dasha Tshering Tobgay, Japan Ambassador to India Kenji Hiramatsu, captains of industry and representatives of USA, Germany, Japan, Korea, Israel, Vietnam, Myanmar, Cambodia, Czech Republic, Laos and Bangladesh.
 

 

Modi said the country has become the most preferred investment destination with the highest FDI of USD 60 billion last fiscal and the union government will now focus on development of infrastructure to turn Assam into the country's new growth engine.

The focus of the development strategy is on "transformation through transportation" and hence stress has been laid on improving the road and rail connectivity in the region, he said.

The government will work to bring about qualitative change in the lives of low and middle income classes and promote "Ease of Living" at the same time, he said.

The inaugural day of the first-ever Global Investors' Summit in Assam saw signing of 176 initial memorandums of understanding (MoUs) in a range of sectors with investment commitments worth Rs 65,186 crore, an official said. Public sector oil behemoth ONGC committed Rs 13,000 crore investment in the state, while another oil PSU Oil India Ltd pledged an investment of Rs 10,000 crore, according to the summit spokesperson.

Indian Oil Corporation (IOC) and Numaligarh Refinery Ltd also evinced interest to invest Rs 3,432 crore and Rs 3,410 crore, respectively, the spokesperson said. Among private players, RIL Chairman and MD Mukesh Ambani announced an investment of Rs 2,500 crore in Assam in various sectors, including retail, petroleum, telecom, tourism and sports, creating jobs for at least 80,000 people over the next three years.

With Tata Trusts joining hands with the Assam government to roll out an elaborate cancer care programme in 17 centres across 15 districts of the state from next year, the project will see an investment of around Rs 2,000 crore, Assam Health Minister Himanta Biswa Sarma said.

Indo-UK Institute of Health will be investing Rs 2,700 crore, while Century Ply has shared plans of investing Rs 2,100 crore, the spokesperson said.

Spicejet outlined plans of Rs 1,250 crore investment for Assam through seaplanes to boost the tourism sector besides connecting Lakhimpur and Jorhat under the Udaan Scheme.

Infinity Group will be investing Rs 1,000 crore in an IT park and real estate project in Guwahati, he said adding the Medanta Group proposed Rs 500 crore investment in the healthcare sector and Dalmia Bharat Cement announced an investment to the tune of Rs 1,100 crore.

"Tourism sector, which is one of the key focus areas of the government, saw an investment proposal in concurrence of around Rs 736 crore. Infrastructure sector, a prime determinant of progress, saw a total investment proposal worth Rs 2,347 crore," the spokesperson said.

Other major companies announcing investments in Assam are BPCL (Rs 350 crore), Essel Infraprojects (Rs 6,000 crore), Star Cement (Rs 2,100 crore), Infinity Infotech Parks (Rs 1,000 crore) and Mahindra Holidays and Resorts India (Rs 400 crore), among others, he added.

The government has identified 12 focus sectors for the summit, including agriculture and food processing, handloom-textile-handicrafts, logistics, river transport-port township, IT-ITeS, pharmaceutical-medical equipment, plastics-petrochemicals and power.

Tourism-hospitality-wellness, civil aviation, petroleum-natural gas and startups-innovation are other focus areas at the summit.

Assam Chief Minister Sarbananda Sonowal in his address asked investors to explore the investment potential in the state and come up with more ideas. He promised that the government would meet all of their expectations.

Describing the summit as a historic event in the economic growth story of the state, Sonowal said his government is committed to turning Assam into a prime hub of economic activity in the North East.

 

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36 minutes ago, perugu_vada said:

MoU’s raskunnavi materialise authay ani guarantee ledu, janala ni pichollu chestunaru politicians, MoU’s chupinchi development idhe ani chepthu

but India Government motham undi akkada summit lo............ state & center rendu BJP ne in Assam............... yeah 100% materialize avvavu........ But Hyderabad became a powerhouse today only after we had all these big summits during Vaypayee rule in early 2000's....Bill gates & Bill Clinton vacharu ante daaniki reason  AP & Center ki manchi links untunde appudu.......... right now AP ki center support ledu to organize those big investments.

 

No body will buy or invest in your product unless you do good marketing......... investors summits are just that tool to attract companies. 

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Bokka India lo anni paper meede ...reality lo caste fights, religion fights, factory unions ...dabbulunte shopping malls, movie business, religious business, cricket bets ...intha kante chatanainadi emaina cheyyalante country vadilesi veltame

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38 minutes ago, sattipandu said:

Ala antey 2 yrs back bobu garu ilaagey vizag lo anukunta 

first day lo 1.86 lakh crore investments ki mou sign cheyinchukunnam ani baagaaa dappu beated

Yes. One day lo 1 lac crores. Top 5 record in the world

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1 minute ago, TOM_BHAYYA said:

Pichhhhalite.. mana vizag lo cii summit lo 13 lakhs crores mou signed.. idhi jujubi

Ohhhh 13 lakh crores aaaa 

deeenakka mind blowing number kada adhi

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6 minutes ago, TampaChinnodu said:

Visionary CBN akkada. India ki PPT ni introduce sesina background. 

Cell phone ne prapanchaniki prichayam chesina visionary leader ki ppt dhi chinna achievement 

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16 minutes ago, TOM_BHAYYA said:

Cell phone ne prapanchaniki prichayam chesina visionary leader ki ppt dhi chinna achievement 

Satya Nadella ki Hello World program coding nerpinchina history kooda vundi.

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