Advantage Assam 2.0: Adani, Ambani, and Tata Pour in Over Rs 1 Lakh Crore, Assam Set for a Game-Changing Economic Boom

The landmark event showcased Assam’s rising potential as an investment hub, with commitments spanning infrastructure.

Assam is on the brink of a massive economic transformation as industry giants Adani Group, Reliance Industries, and Tata Sons announced a combined investment of over Rs 1 lakh crore at the Advantage Assam 2.0 Investment and Infrastructure Summit in Guwahati. The landmark event showcased Assam’s rising potential as an investment hub, with commitments spanning infrastructure, telecom, renewable energy, manufacturing, hospitality, and agriculture.

Adani Group Chairman Gautam Adani, while addressing the summit on Tuesday, announced a massive Rs 50,000 crore investment in Assam. Highlighting the impact of investor summits over the last two decades, Adani said such events have become transformative forces in India’s economic journey.

“In the past two decades, these investor summits have far exceeded their original ambitions. They have become catalysts for transformative change, attracting billions of dollars in investments and foundationally driving your vision of a Viksit Bharat,” Adani stated.

Praising Assam Chief Minister Himanta Biswa Sarma, Adani remarked, “Every time I meet you, I leave inspired. I have known no recent first-time Chief Minister who has ignited such hope and then transformed that hope into action and remarkable progress.”

Reliance Industries Ltd (RIL) Chairman Mukesh Ambani also made a big commitment, announcing a Rs 50,000 crore investment in Assam over the next five years. Ambani highlighted Assam’s role as a growing economic hub, stating, “Assam indeed has the potential to develop so fast that Southeast Asia and East Asia will begin to look westwards towards Assam as the land of growth opportunities.”

He highlighted several key investment plans, including:

• Doubling the number of Reliance stores in Assam from 400 to 800.
• Establishing two world-class compressed biogas plants.
• Setting up a mega food park.
• Prioritising investments in high-end hospitality and hotel sectors.
• Partnering with the Assam government to boost the bamboo and silk industries.

Ambani also credited Reliance Jio for transforming Assam’s telecom sector, stating, “Jio has turned Assam from a ‘2G-mukt’ state to a ‘5G-yukt’ state.”

Mukesh Ambani says “In the previous summit in 2018, Reliance had committed an investment of Rs 5,000 crores in Assam. Since then, our investment in the state has exceeded Rs 12,000 crores. Our first priority is to make Assam tech-ready and AI-ready. After building world-class connectivity infrastructure, we will now install high-performance computing infrastructure. Reliance will establish an AI-ready data centre in Assam, which will benefit students with AI-assisted teachers, patients with AI-assisted doctors, agriculture will benefit from AI-assisted farmers, and AI will help Assam’s youth to learn from home and earn from home.”

Natarajan Chandrasekaran, Chairman of Tata Group, reaffirmed the company’s deep-rooted ties with Assam, announcing new investments in electronics and mobile manufacturing.
“The Tata Group has a very large and significant presence in Assam. We already employ more than 55,000 people in the state,” he said.
Key Tata initiatives in Assam includes, Setting up a semiconductor plant, marking 2024 as a defining year for the group. Connecting 3 lakh households to solar power.

Chandrasekaran also recalled the late Ratan Tata’s deep affection for Assam, noting his “profound love and respect” for the state.

The Advantage Assam 2.0 Summit served as a crucial platform for businesses to explore new opportunities, positioning Assam as an emerging economic powerhouse. With commitments from leading industrialists, Assam is set for unprecedented growth, attracting global attention as a hub of investment and innovation.

Also Read: Advantage Assam 2.0: Assam Transformed from Disturbed to Peaceful State Under PM Modi’s Leadership: CM Himanta Biswa Sarma

COMMENTS