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The Assam government has signed Memorandums of Understanding (MoUs) for twenty projects valued at Rs 229 billion, following proposals from the Advantage Assam 2.0 investment summit held in February. These agreements mark binding commitments now advancing to execution.

Chief Minister Himanta Biswa Sarma emphasised a balanced focus on large infrastructure and labour-intensive sectors such as agriculture and dairy. Key projects include waste management, the Tata Gateway initiative, solar power generation, and ethanol production.

Since the summit, Rs 230 billion worth of investments have been cleared for implementation, expected to create approximately six thousand jobs. Earlier, proposals without serious intent were filtered to ensure a higher conversion rate from planned investments to actual projects.

Significant infrastructure initiatives include the Guwahati ring road and the Narengi-Kuruwa bridge over the Brahmaputra, valued at Rs 78 billion, alongside the Union Cabinet-approved Guwahati-Silchar express highway costing Rs 230 billion.

The Chief Minister also announced plans for a subsequent MoU signing later this year and highlighted Amul鈥檚 Rs 750 million milk processing unit investment, projected to generate twenty thousand jobs. This exemplifies how sectors like dairy and agriculture can offer high employment relative to investment.

Source:Newsonprojects.com