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Industries & Commerce Department organized Ground-breaking Ceremony of Rs 1,161 crore

Industries and Commerce Department organized the 1st ground-breaking ceremony on Wednesday

Ground-breaking Ceremony

Sentinel Digital Desk

Industry Minister felicitates investors of 78 projects

GUWAHATI: Industries and Commerce Department organized the 1st ground-breaking ceremony on Wednesday to recognize the contribution of investors in driving growth and ushering in prosperity through investment in the State.

In the Ground-breaking Ceremony, investors of 78 projects were felicitated with cumulative investment of Rs 1,161 crores. The projects included a mix of local as well as investors from rest of the country. Industrial land for majority of investors has been allocated by Assam Industrial Development Corporation (AIDC), Assam Industrial Infrastructure Development Corporation (AIIDC) and Assam Small Industries Development Corporation (ASIDC). More than half of investments are in food processing sector while other investments are majorly in manufacturing sector. According to a release, some of the key investors in the food processing sector are PepsiCo (INR 500 crore), Bisk Farm (Rs 127 crore), Shree Agro Farms (INR 30 crore), Shri Mansa Industries (INR 35 crore), Trasm Ventures (INR 125 crore) etc. Commercial poultry sector saw an investment of Rs 47 crore by local investors.

Speaking on the occasion, Industries and Commerce Minister Chandra Mohan Patowary thanked the investors for choosing Assam as an investment destination in ensuring ground-breaking projects worth Rs. 1,161 crore in the post-COVID scenario.

"The State government has been able to achieve this feat, as the government has been continuously working on improving upon the ease of doing business, simplifying rules and procedures, building an online single window system for approval and clearances. The State has a lot to offer with the upcoming Multi Modal Logistics Park at Jogighopa, Perishable Air Cargo Complex at LGBI airport, upcoming Assam Agar Industrial Trade Centre at Golaghat, Assam Start-up Incubation Centre and Border trading centres at Darranga and Sutarkandi," said Patowary.

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