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Assam Cabinet approves ₹1.22 lakh cr investment boost
The Statesman Siliguri
|February 24, 2025
The Assam state Cabinet, chaired by Chief Minister Himanta Biswa Sarma, on Sunday approved major investments, urban development projects, healthcare reforms, and policy updates in the textile and biotechnology sectors.
The Cabinet approved Memorandums of Understanding (MoUs) worth Rs 1.22 lakh crore, set to be signed at the upcoming Advantage Assam Summit.
Assam's premier global investment summit aims to position the state as an economic hub in the Northeast by attracting investors across sectors, including manufacturing, logistics, IT, and renewable energy.
The government expects these investments to significantly boost employment and industrialisation.
The Advantage Assam Summit, first launched in 2018, has been instrumental in drawing global interest in the region.
The 2025 edition is expected to witness participation from over 60 countries.
This story is from the February 24, 2025 edition of The Statesman Siliguri.
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