Prime Minister Narendra Modi delivers his speech at the inaugural function of Advantage Assam Global Investor’s Summit 2018 in Guwahati. The inaugural day of the first-ever Global Investors’ Summit in Assam saw signing of 176 initial memorandums of understanding (MoUs) in a range of sectors with investment commitments worth Rs65,186 crore, an official said. Indian Oil Corporation (IOC) and Numaligarh Refinery Ltd also evinced interest to invest Rs3,432 crore and Rs3,410 crore, respectively, the spokesperson said. Spicejet outlined plans of Rs1,250 crore investment for Assam through seaplanes to boost the tourism sector besides connecting Lakhimpur and Jorhat under the Udaan Scheme. Other major companies announcing investments in Assam are BPCL (Rs350 crore), Essel Infraprojects (Rs6,000 crore), Star Cement (Rs2,100 crore), Infinity Infotech Parks (Rs1,000 crore) and Mahindra Holidays and Resorts India (Rs400 crore), among others, he added.

Source: Mint February 03, 2018 16:07 UTC