The Assam cabinet on Sunday (February 23, 2025) authorized funding proposals price ₹1.22 lakh crore ahead of the second version of the state business summit, Chief Minister Himanta Biswa Sarma mentioned.
Addressing a press convention after a Cabinet assembly, Mr. Sarma mentioned that it had been determined that every one MoUs, which might be signed throughout the Advantage Assam 2.0 Investment and Infrastructure Summit in Guwahati, might be “properly scrutinised and then approved” by the council of Ministers.
The Cabinet, in its assembly chaired by the CM, rejected MoUs price ₹45,000 crore as these have been discovered to be on ‘flimsy grounds’, he mentioned.
“We don’t want to create unnecessary euphoria among people, we want to be reasonable and rational,” he mentioned on the Cabinet that had gone by means of all proposals earlier than approval.
The two-day Advantage Assam 2.0 Investment and Infrastructure Summit might be inaugurated by Prime Minister Narendra Modi on February 25, 2025.
Ambassadors and business delegations from a number of international locations together with high industrialists of India are anticipated to attend the programme.
Along with the funding proposals to be finalised on the summit in Guwahati, MoUs for funding as much as ₹50 crore might be signed on the district commissioners’ (DC) workplaces throughout the two days of the mega occasion.
Altogether, 2,590 such MoUs with funding proposals ranging between ₹5 lakh to ₹50 crore have been confirmed to be signed on the districts throughout the summit, Mr. Sarma mentioned.
These MoUs suggest a complete of ₹15,911 crore of funding, he added.
Published – February 23, 2025 04:54 pm IST
