Assam bags record Rs 5.18 lakh crore investments commitment, matching 80% of state’s GDP

Assam has achieved a historic investment milestone, with total commitments at Advantage Assam 2 reaching Rs 5,18,295 crore, equivalent to nearly 80 per cent of the state’s Gross Domestic Product (GDP). 

Chief Minister Himanta Biswa Sarma made the announcement, highlighting Assam’s growing prominence as a leading investment destination in India.

Taking to social media, CM Sarma stated, "The overall Government sector and private sector commitment in #AdvantageAssam2 now totals ₹5,18,295 crore, which is around 80% of our GDP!"

Notably among others, the diversified conglomerate Kothari Industrial Corporation Ltd has signed a Memorandum of Understanding with the Assam government to establish mineral and ore extraction projects with an investment of Rs 500 crore, a top official said. 

Also Read: Himanta Biswa Sarma predicts long jail term for USTM Chancellor Mahbubul Hoque

The project will be developed in collaboration with the government and public sector undertakings, creating approximately 3,000 new jobs in the region. 

The company stated on Friday that the MoU was signed in the presence of Assam Chief Minister Himanta Biswa Sarma at the Advantage Assam 2.0 Investment and Infrastructure Summit, which was recently held in Guwahati.

With Rs 5.18 lakh crore in fresh commitments, Assam is poised for job creation, rapid industrial development, and large-scale economic transformation. 

The government is expected to fast-track approvals and policy support to ensure the seamless execution of these investment projects.