Assam govt clears Rs 1.22 lakh cr investment ahead of Advantage Assam 2.0 Summit

Guwahati: The Assam Cabinet has cleared investment proposals worth Rs 1.22 lakh crore ahead of the Advantage Assam 2.0 summit, scheduled to take place on Tuesday and Wednesday.

Assam Chief Minister Himanta Biswa Sarma said that the Cabinet rejected investment proposals worth about Rs 35,000-45,000 crore. Those projects were rejected by the cabinet, finding it to be casual.

He added, “flimsy kind of proposal, we are not taking them for MoU. We will discuss this with them later. We don't want to create unnecessary euphoria among people. Assam is expecting announcements from big business leaders as they address the summit.”


Around 2,600 MoUs will be signed at the district levels for small investments - investments worth from as low as Rs 5 lakh to upwards of Rs 50 crore. The chief minister, about Rs 15,900 worth MoUs have been confirmed so far, and they are in addition to the Rs 1.22 lakh investments approved by the state Cabinet.

The 2025 summit will be inaugurated by Prime Minister Narendra Modi on Tuesday along with participation from several Union ministers - S Jaishankar, Jyotiraditya Scindia, Ashwini Vishnaw, Piyush Goyal, Nirmala Sitharaman, Hardeep Puri, Sarbananda Sonowal, Pabitra Margherita, among others.

Among the business leaders, N Chandrasekaran, Mukesh Ambani, Gautam Adani, Sajjan Jindal, Prashant Ruia, Anil Agarwal will be present at Advantage Assam 2.0 summit.

High-level delegations from several countries -- Australia, South Korea, Singapore, Malaysia, Taiwan, Indonesia, Thailand, Bhutan, and industrialists from Japan will join the summit.

The chief minister earlier said, “Unlike other investment summits where MoUs are signed first and later approved by the cabinet, Assam will take the reverse approach—with the cabinet reviewing each proposal beforehand.”

The cabinet meeting held on Sunday approved amending the biotechnology; textile and apparel policies of the state to attract more investors in these areas.