Advantage Assam 2.0: Mukesh Ambani, Gautam Adani, Vedanta Groups Commit to Invest Rs 1.5 Lakh Crore

Staff Reporter

GUWAHATI: Industrialists Mukesh Ambani, Gautam Adani and Vedanta groups promised to invest Rs 50,000 crore each in Assam. Tata Group also assured the Assam government that it would make more investments, apart from the Rs 27,000 crore in the semiconductor plant in the state.

The CMD of Reliance Industries Ltd., Mukesh Ambani, announced that his company would invest over Rs 50,000 crore in five priority areas in the next five years. “We committed to invest Rs 5,000 crore in Assam at the first Advantage Assam. However, our investment in the state exceeded the amount and reached Rs 12,000 crore in the state,” he said.

Ambani enumerated the priority sectors as (i) making Assam tech-ready and AI-ready, (ii) making Assam a hub of clean and green energy, (iii) mega food parks, (iv) doubling the number of Reliance’s retail stores, and (v) boosting high-end hotels and the hospitality economy.

Apart from these, Ambani said that Reliance Foundations, together with Swadeshi Stores, would like to collaborate with the Assam government to promote the silk industry in the state.

Speaking on the occasion, Adani Group chairman Gautam Adani announced that his group would invest Rs. 50,000 crore in Assam in the next five years in areas like clean energy and infrastructure creation, including road projects.

Adani said, “Assam is on the path of greatness, and the path, Adani Groups are honoured to walk with this path alongside the Assam Chief Minister. This is our commitment, this is our vision, and this is the promise we make today—to you, to Assam, and to the future we build together.”

The Vedanta Group chairman Anil Agarwal assured investment of Rs. 50,000 crore on underground wealth explorations, and JSW Group CMD Sajjan Jindal assured investments in sectors like renewable energy and thermal power in Assam. Jindal said, “I visited Assam in my childhood as my grandma was from Tinsukia. I’m amazed to have seen the development of Assam after many years. We’re interested in investing in Assam in the renewable energy sector.”

Chairman of Tata Sons, Natarajan Chandrasekaran, while underlining Assam’s rise in the technology sector, especially with the ATMP facility being developed by Tata Electronics at Jagiroad, complimented the favourable industrial ecosystem in Assam. While highlighting future areas of collaboration with the Assam government, he assured more investment in sectors like green energy and mobile manufacturing chips in Assam in the next five years.

ESSAR Group CEO Prashant Ruia said, “Assam has huge potential, and now Assam has become a land of attraction for investors. The Act East Policy will also help in this venture.” ESSAR Group signed a Rs 2,100-crore MoU in the renewable energy sector.

Also Read: Advantage Assam 2.0: Dispur Signs MoUs Worth over Rs 1 Lakh Crore

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