Assam to ink MoUs for 5 mega projects to boost industrial growth

The Assam government has decided to sign Memorandums of Understanding (MoU) to boost industrial growth with five companies which will attract an investment of around INR 3,000 crore.

GUWAHATI — To boost industrial growth, the Assam government has decided to sign Memorandums of Understanding (MoU) with five companies which will attract an investment of around INR 3,000 crore, state Minister Bimal Bora said.

To boost industrial growth, the #Assam government has decided to sign Memorandums of Understanding with five companies which will attract an investment around Rs 3,000 crore, state Minister #BimalBora said. pic.twitter.com/Vx2L9qMYNW

— IANS (@ians_india) August 3, 2023

The decision was taken during a state Cabinet meeting on Wednesday night.

Bora said that this will also produce at least 4,750 new jobs in the state.

“The state government has decided to ease the industry policy to attract investments. This will also pave the way for the youths to get employment. The government has already signed an MoU worth INR 8,000 crore. We have decided to sign MoU for another INR 3,000 crore,” he said.

Five mega projects will come up in different corners of the state, Bora said, adding that it will propel industrial growth.

Amidst a slew of visionary development projects orchestrated by GoI under the visionary leadership of Hon'ble Prime Minister, Adarniya Shri @narendramodi Ji, and complemented by the resolute dedication of the dynamic Hon’ble Chief Minister, Dr. @himantabiswa dangoriya, Assam is… pic.twitter.com/ki3H1zLy1Q

— Bimal Borah (@BimalBorah119) August 3, 2023

According to the Minister, the state government has eased the industry norms to send a positive signal to the top industrialists in the country.

“Assam has now become a good spot for investment.”

Also read: Assam Assembly witness to many important discussions, says Himanta