On the eve of 2nd anniversary of Himanta Biswa Sarma govt, Assam govt signs MoUs worth Rs 8,201 cr

Big ticket companies like Pepsi India, DS Group and Ravi Jaipuria’s Varun Beverage would set shop in Assam. The entry of high networth companies would create 6,100 additional jobs in

Assam appears all set to give competition to popular investment destinations like Gujarat, Maharashtra, Tamil Nadu, Himachal Pradesh and Uttarakhand. On the eve of 2nd anniversary of Himanta Biswa Sarma government in Assam, the Assam government on Tuesday signed 9 MoUs that would bring in at least Rs 8,201 crore in investment and generate as many as 6,100 jobs in the state.

Big ticket companies like Pepsi India, the DS Group and Ravi Jaipuria owned Varun Beverage would be setting up shop in Assam and would be investing over Rs 1064 crore in the northeastern state that is fast emerging as an investment hotspot.

PepsiCo India, the Indian subsidiary of the American multinational company PepsiCo Inc would be setting up snacks manufacturing unit in Nalbari at an estimated cost of Rs 778 crore.
DS Group, an FMCG conglomerate with international presence and makers of popular brands like Catch, Pass Pass and Rajnigandha, would be investing Rs Rs 140 crore to manufacture electric vehicles.
Varun Beverage, PepsiCo’s second largest bottling company in the world outside the US, would invest Rs 146 crore to set up a soft drinks manufacturing unit in Assam.

Chief Minister Himanta Biswa Sarma shared details of the 9 MoUs signed and the investments that would come into the state over the next few months at a press conference in Guwahati today.

Some of the other big ticket investments include Rs 4,653 crore investment proposed by Calcom Cement, a subsidiary of Dalmia cement to set up a cement incrassation unit, cement grinding unit, captive solar plant and a captive power plant at Umrangso in Dima Hasao.

Star Cement Northeast would set up another unit for cement grinding, AAC block and manufacture other constructed materials with an initial investment of Rs 700 crore. Century Float glass Limited will invest Rs 800 crore to make glass from silica.
Taj Cement will invest Rs 342 crore and set up a plant for cement grinding and cement packaging. Star Cement will invest Rs 640 crore for setting up a cement grinding unit.
An MoU between AIDC and the Adani group is also on the cards.

Also Read : Assam CM to watch controversial film ‘The Kerala Story’ on May 11

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