Assam Secures Major Investments With Key MoU's For Cement And Hydrogen Projects At Advantage Assam 2.0

GUWAHATI: The Government of Assam has signed various Memorandums of Understanding (MoUs) with renowned organizations, a milestone step in the growth of the state's economy on the second day of Assam Advantage 2.0.

Among the notable MoUs is one with Star Cements Ltd., which intends to establish a Cement Clinker and Grinding Plant at Assam under its subsidiary company Star Cement North East Limited (SCNEL). This project will take an investment of Rs. 3,200 crore to boost the country's domestic cement industry and generate employment opportunities.

Further, the government has signed a deal with Matheson Hydrogen Pvt. Ltd. to establish a Hydrogen and Steam Generation Plant in Assam with an installed capacity of 95 KTPA. The project involves an investment of Rs. 1,500 crore and is likely to make a big contribution to the energy sector of the state, encouraging sustainable measures and decreasing dependency on conventional sources of energy.

On the first day of the two-day conclave, four big players from the private sector—Reliance, Adani, Vedanta, and Tata—committed investments worth more than Rs. 2 lakh crore in Assam together. Such a huge commitment reflects the increased interest of top companies in the economic scenario of the Northeast region.

Of the total investment announcements, Rs. 1.89 lakh crore was formalized through 164 agreements signed between various companies and the Assam government. Such deals are anticipated to open the doors to unprecedented infrastructure development and employment opportunities in the state, boosting its economic potential.

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