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Indo-European Chambers of Commerce to invest Rs 5,000 crore in Assam

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  18 Feb 2016 12:00 AM GMT

By Our Staff Reporter

Guwahati, Feb 17: The Indo-European Chamber of Commerce will invest Rs 5,000 crore in sectors like health, agriculture, power and IT in Assam, State Industry minister Siddique Ahmed said today, adding that an agreement would be signed with the government on February 29.

"Discussions have been held with the Chief Minister. He has assured all support and help to the companies," Ahmed told a press conference here.

Cape Town-based company Solar Capital will invest in four mega solar parks in the State, each of 25 MW.

"The places will be decided by the Chief Minister. At least one of them will be in the outskirts of Guwahati. If things go as per planned, we hope the entire secretariat will be run on solar power in near future," he said.

An intertiol-level private medical college will be set up at Karimganj with an estimated investment of Rs 200 crore. The government will allot the land for the purpose.

Ahmed said four green industrial parks will be set up in the State with a total investment of Rs 2,000 crore. This, along with 300 Krishi Vikas Kendras proposed to be set up to train farmers, will generate employment for over 20,000 people.

Foreign firms will also set up 40 micro industries in association with the State government and they will be linked up with the Central government's startup initiative.

The minister also informed that Britannia Industries Limited will set up a plant in Kamrup district with an investment of Rs 143 crore. The plant, to be set up in a plot of 21 acres, is expected to generate direct employment for 500 people.

The JVL Agro Industries Ltd will also put up a plant at Palashbari, investing up to Rs 200 crore. It is likely to create jobs for 5,000 people.

Emami is planning two plants in the State - one at Amingaon and another at Dadara. To be set in an area of 65 acres, the company will invest Rs 65 crore in the two units.

A Rs 94-crore plastic plant is also coming up at Tinsukia, the minister said. The State government has sent proposals to the Central government for opening two border trade centres at Harigar and Phulkandi in Barak Valley, the minister added.

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