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Advantage Assam 2.0: Investors open investment floodgates on Day 2 as well, several MoUs inked with State Government

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GUWAHATI, Feb 26: A day after India’s top industrial houses like the Mukesh Ambani-owned Reliance Industries, Adani and Tata group pledged investments running into at least 2 lakh crore rupees in the State on the opening day of the Advantage Assam 2.0 Infrastructure and Investment Summit, investment floodgates were opened for the second day as well with several industrial and business groups inking Memorandums of Understanding (MoUs), pledging to be a part of Assam’s economic growth and progress in the coming years and decades.

Among the key agreements signed by various business and industrial houses with the Government of Assam include:

Star Cement: Rs 3,200 Crore to establish Cement Clinker and Griding Plant in Assam.

Matheson Hydrogen Pvt. Ltd.: Rs 1,500 Crore for a 95 KTPA Hydrogen and Steam Generation Plant in Assam.

Global Health Ltd. Medanta: Rs 500 Crore for construction of a state-of-the-art multi-speciality hospital in Assam.

Tamara Leisure Experiences Pvt. Ltd.: Rs 275 Crore for a 5-star luxury eco-resort in Kaziranga.

Varun Beverages: Rs 510 Crore for carbonated soft drinks and juice manufacturing unit.

Virinchi Ltd.: Rs 3,000 Crore (initial investment scalable to Rs 6,000 crore) for a 200 MW Data Center.

Virinchi Healthcare: Rs 200 Crore for construction of a 500-bed super-speciality hospital.

UltraTech Cement: Rs 700 Crore for cement grinding unit and cement bulk terminal in Assam.

Simba Logistics: Rs 400 Crore for quartz processing industry in Assam.

Copper Plus Holdings: Rs 1,000 Crore in mining industry.

Asasa International Mining Ltd.: Rs 1,000 Crore under Mines & Minerals department, Government of Assam.

Kothari Industrial Cooperation Ltd.: Rs 500 Crore in minerals and mining value chain.

Yuvan Developers Pvt. Ltd. : Rs 144.12 Crore of proposed investments in Assam.

Alemby Ceramics Pvt. Ltd.: Rs 120 Crore of proposed investments in Assam.

Valley Strong Cements: Rs 480 Crore of proposed investments in Assam.

Earlier on Tuesday (Feb 25), the Advantage Assam 2.0 Infrastructure and Investment Summit on its opening day lived up to its expectation of attracting huge investments with Mukesh Ambani and Gautam Adani announcing a combined investment of Rs 1 lakh crore as many other investors made a beeline to grab opportunities for investment in the State.

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