GUWAHATI: In a significant move for a major boost in the state, Assam Chief Minister Himanta Biswa Sarma held discussions with private sector energy major Vedanta Group on Monday to prepare a detailed plan for the announced investment of Rs 50,000 crore in the state.
Vedanta Group Chairman Anil Agarwal in February announced that the firm would pump in Rs 50,000 crore in Assam and Tripura's oil and gas sector over the next 3-4 years.
Taking to X, CM Sarma stated, "At #AdvantageAssam2 we received investment commitments of Rs 5.19 lakh crore, of which the Vedanta Group has set a target of investing Rs 50,000 cr in the state."
"Today I had an extensive meeting with representatives from Vedanta to chalk out a time frame on realizing these investments, particularly in the field of energy exploration and drilling," he added.
According to the chief minister, the Assam government is giving the highest priority to ensuring that a majority of the big-ticket investment proposals take off this fiscal year.
Group firm Cairn Oil & Gas had already invested around Rs 2,500 crore in the two states of the Northeast, Agarwal said while announcing the investment at the inaugural function of the Advantage Assam investment summit.
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