Guwahati: Assam Chief Minister Himanta Biswa Sarma on Sunday announced that the implementation of projects worth over Rs. 60,000 crore has already begun, following investment proposals received during the Advantage Assam 2.0 Summit held in February.
Speaking at a Memorandum of Understanding (MoU) signing ceremony in Guwahati for 20 new projects valued at Rs. 22,900 crore, the chief minister said the state is targeting a total investment of Rs. 1.5 lakh crore within the first year post-summit.
“The summit garnered investment proposals worth Rs. 5.18 lakh crore. We made a conscious decision to filter out non-serious proposals to ensure that the gap between proposed and implemented investments remains minimal,” Sarma said.
He highlighted that several infrastructure projects announced during the summit, including the Guwahati Ring Road, the Narengi-Kuruwa bridge over the Brahmaputra, and the Guwahati-Silchar Expressway—together worth Rs. 30,000 crore—have been approved and are moving forward.
Sarma further revealed that MoUs worth Rs. 22,900 crore were signed on Sunday for projects already in the execution phase.
These include ventures in waste management, solar and ethanol production, and the Tata Gateway initiative.
A significant contributor to the Rs. 60,000 crore investment is a new Rs. 10,000-crore brownfield fertiliser plant in Namrup, which is currently being developed.
“We expect total confirmed investments of Rs. 1.5 lakh crore in the first year after the summit,” the chief minister reiterated.
Another MoU-signing event is planned for September or October, where Sarma said deals with major investors will be formalised.
He expressed optimism that some projects with already signed agreements will be inaugurated before the end of the year.
The chief minister stressed the importance of employment-oriented sectors such as agriculture, horticulture, veterinary services, dairy, and allied industries, which he said are critical to the state’s inclusive development strategy.
He expressed gratitude to Amul for setting up its first milk processing unit in Assam, and encouraged the cooperative giant to establish a second facility to support the state’s growing dairy sector.
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Highlighting Assam’s investment-friendly environment, Sarma said, “Unlike industrially saturated states like Gujarat, Haryana, or Tamil Nadu, we treat every investor as a state guest. We don’t have the luxury to pick and choose yet—but maybe in 20 years, we will.”
He also underscored the importance of local innovation and integrating indigenous practices with modern technology to drive sustainable and profitable growth.
“Land banks are being created and supportive infrastructure is under development. The commitments made during Advantage Assam are being closely monitored and reviewed,” Sarma concluded.
