Guwahati: Mining major Vedanta Group chairman Anil Agarwal has announced that it will invest Rs 50,000 crore in Assam and Tripura’s oil and gas sector over the next 3-4 years.
Speaking at the inaugural event of the Advantage Assam investment summit in Guwahati, Agarwal said group firm Cairn Oil & Gas has already invested around Rs 2,500 crore in the two states of the northeast region.
“Assam has abundant natural resources and potential to become the world’s mega basin. We are poised to play a pivotal role in Assam’s sustainable growth and development,” he said.
He stated that the company has plans to invest Rs 50,000 crore in Assam and Tripura’s oil and gas sector over the next 3-4 years.
He said that the investment is aimed at producing 1,00,000 lakh barrels of gas and oil per day and creating employment opportunities for the youth of the region.
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Prime Minister Narendra Modi inaugurated Advantage Assam 2.0 Investment and Infrastructure Summit on Tuesday in Guwahati in the presence of industry captains and business delegations from foreign countries.
Reliance Industries Chairman Mukesh Ambani on Tuesday pledged over Rs 50,000 crore investment in Assam over the next five years.
Besides, Adani Group Chairperson Gautam Adani also announced an investment of Rs 50,000 crore in Assam.
Adani highlighted the transformative impact of such investor summits over the past two decades, stating that they have surpassed their original ambitions and played a crucial role in driving India’s development.
