Global Investors' Summit
Prime Minister Narendra Modi and Bhutanese Prime Minister Tshering Tobgay with other dignitaries during inauguration of the Global Investment Summit in Guwahati on Saturday. Photo credit: UB

The first day of Global Investors’ Summit, being held in Guwahati, witnessed signing of a total of 176 MoUs with 160 companies, amounting to Rs 64,386 crore.

Some major MoUs that were signed on Saturday included key players of the industrial sector of the country and the world.

Out of these, Oil India will be investing Rs. 10,000 crore, Indo-UK Institute of Health will be investing Rs 2,700 crore, Century Ply has shared plans of investing 2,100 crore, Spicejet outlined plans of Rs 1,250 crores worth of investment for Assam through sea planes boosting the tourism sector besides connecting Lakhimpur and Jorhat under the Udaan Scheme.

Spicejet CEO Ajay Singh said that the company is contemplating to use Guwahati as gateway to Thailand, Myanmar and other ASEAN countries.

Infinity Group will be investing Rs. 1,000 crore in an IT Park and Real Estate in Guwahati. Medanta Group shared its proposal of Rs. 500 crore investment in the Healthcare sector.

Essel Infra group will be investing in Road Infra, Power and Water Resources. Dalmia Bharat Cement announced an investment attuned to Rs. 1,100 crore. Tourism sector which is one of the key focus areas of the Assam government saw an investment proposal in concurrence of around Rs. 736 crore.

Infrastructure sector a prime determinant of progress which saw a total investment proposal worth Rs. 2,347 crore.

Significant investment has been made in the education sector as well. Ritnand Balved Education Foundation (Amity University) will invest Rs 400 crore, Padma Charitable Trust (Elektrans) will invest Rs 300 crore and Techno India University will invest Rs 500 crore.

Assam Chief Minister Sarbananda Sonowal urged the investors to take advantage of the state government’s industry friendly policies and make full use of the state’s abundant resources.

Initiatives like State Capital Region, setting up of industrial corridor, twin tower centre etc would go a long way in bringing industrial growth of the state, he added.

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