Rs 5.18 lakh crore jackpot! Advantage Assam 2.0 puts state on fast track to industrial boom

Syllad | The Rising MeghalayaFebruary 28, 2025

Assam is set for a game-changing industrial revolution as Advantage Assam 2.0 secured record-breaking investment commitments worth Rs 5.18 lakh crore—nearly 80% of the state’s projected GDP for 2024-25. Announcing the massive boost, Chief Minister Himanta Biswa Sarma declared that Assam is on course to becoming India’s next big industrial powerhouse.

The two-day mega investment summit, held in Guwahati on February 25-26, attracted top global players, with participation from 33 EU delegates, 128 from Asia, 22 from Africa, 8 from North Korea, and 6 from South Korea. However, the U.S. presence remained limited due to political transitions, prompting plans for a grand roadshow in the U.S. in 2027.

For the first time ever, Assam has signed MoUs with international agencies across diverse sectors, including Industry (Rs 410 crore), Animal Husbandry (Rs 310 crore), Environment & Forest (Rs 228 crore), Health (Rs 444 crore), Mining (Rs 2,250 crore) and Transport (Rs 220 crore).

A six-month roadmap is being developed to implement at least 70% of these MoUs, which is expected to generate over 2 lakh jobs and position Assam as a key industrial hub.

Some of the biggest corporate giants are pouring billions into Assam’s future:

Mukesh Ambani (Reliance) – Rs 50,000 crore in AI, digital transformation, green energy, small nuclear reactors, and a hyperscaler data center

Tata Group – Rs 30,000 crore for a mobile manufacturing unit, solar & nuclear power, and luxury hotels in Guwahati, Jagiroad, and Kaziranga

Adani Group – Rs 50,000 crore for Guwahati airport expansion and an Aero City

Vedanta Group – Rs 50,000 crore in oil and gas exploration

JSW Group – A 600-800 MW thermal power plant

The government has also rolled out massive infrastructure projects to fuel growth BVFCL Namrup Project – Rs 12,000 crore (announced by PM Modi), Guwahati Railway Station Upgradation & IT Park – Rs 300 crore, New Railway Line (Kokrajhar-Gelephu, Bhutan) – Rs 3,500 crore, Railway & Telecom Packages – Rs 7,200 crore (Railways), Rs 2,000 crore (Telecom).

Nitin Gadkari’s Infrastructure Push – Rs 80,000 crore for highway expansion

ONGC – Rs 15,000 crore in oil & gas exploration

OIL – Rs 25,000 crore for energy production

Singapore-based Greenco – A sustainable aviation fuel hub

A significant milestone was the Rs 5,000 crore city gas project MoU between Adani Total Gas Ltd and the Assam government, signed in the presence of Minister Hardeep Singh Puri.

The MSME sector signed MoUs worth Rs 67,074 crore, ensuring support for smaller enterprises and fueling Assam’s local industries. A 5G development lab was also announced at Gauhati University to drive research and skill development in next-gen telecom technologies.

“Next 5 Years Will Change Assam Forever” – CM Sarma said.

Wrapping up the event, CM Sarma declared that Assam is now in a new league of development and will work to ensure seamless execution of at least 70% of the signed MoUs.

“From the next financial year, we will start individual discussions with companies to ensure investment materializes on the ground. We will prepare a roadmap over the next six months, offering necessary incentives and land for projects,” he stated.

With Advantage Assam 2.0, the state is on the brink of an economic transformation, setting the stage for a new era of industrial dominance and prosperity.