Assam Cabinet approves Rs. 969 crore investment to create 2,704 jobs in key sectors

Guwahati: In order to boost private investment and job creation, the Assam Cabinet has approved the customized incentives under Industrial and Investment policy (IIPA) 2019 to around four proposed ventures.

IIPA will be offered to Premier Cryogenics Limited it has proposed an investment of Rs. 125 crores for setting up a high-purity semiconductor-grade gas manufacturing plant at Jagiroad, which is expected to generate employment for 200 people. Jonali Construction Private Limited is investing Rs. 182.17 crore in tourism and hospitality services related to the Marriott Resort and SPA project, with the potential to create 204 jobs.

Assam chief minister Himanta Biswa Sarma said that Ambuja Neotia Healthcare Venture Limited has put forward a hospital project with an investment of Rs. 302.65 crore. Additionally, Ambuja Neotia Hotel Ventures Limited has proposed a hotel project with an investment of Rs. 360 crores. In total, these projects represent an investment of Rs. 969 crores and are likely to create 2,704 employment opportunities.


Assam Cabinet has approved the closure of the Assam Plantation Crops Development Corporation Ltd, Assam and corresponding financial sanction towards payment of VRS/one-time settlement and closure cost amounting to Rs. 600 lakhs.