In a historic move poised to redefine the economic landscape of Assam, billionaire industrialists Gautam Adani and Mukesh Ambani have each pledged investments of Rs.50,000 crore in the northeastern state. The announcements were made during the Advantage Assam 2.0 Summit in Guwahati, a landmark event aimed at bolstering industrial growth and sustainable development in the region.
Gautam Adani, Chairman of the Adani Group, unveiled plans to invest Rs.50,000 crore across multiple sectors, including airports, aerocity projects, cement production, gas distribution networks, transmission infrastructure, and road construction. “Our investments will not only create jobs but also lay the foundation for Assam’s long-term economic prosperity,” Adani said during his address at the summit.
Echoing Adani’s commitment, Reliance Industries (RIL) Chairman Mukesh Ambani announced a parallel investment of Rs.50,000 crore over the next five years. Ambani’s investment will focus on five key verticals, including energy, telecommunications, and retail, aiming to integrate Assam into India’s rapidly growing digital and green energy ecosystems.
Adding to the wave of investments, Tata Power announced a Rs.30,000 crore commitment to renewable energy projects in Assam. The company signed a Memorandum of Understanding (MoU) with the Assam government to develop up to 5,000 MW of renewable energy capacity, including solar, wind, hydro, and energy storage projects. “This investment underscores our dedication to sustainable development and clean energy solutions,” a Tata Power spokesperson stated.
Further bolstering the state’s energy sector, Vedanta Group Chairman Anil Agarwal revealed plans to invest Rs.50,000 crore in Assam and Tripura’s oil and gas sector over the next 3-4 years. Agarwal highlighted that Cairn Oil & Gas, a Vedanta subsidiary, has already invested Rs.2,500 crore in the region, signaling the group’s long-term commitment to the northeast.
Assam Chief Minister Himanta Biswa Sarma hailed the summit as a turning point in the state’s industrial journey. “With the blessings of Prime Minister Narendra Modi, Advantage Assam 2.0 marks the beginning of a new era of growth and opportunity for our state,” Sarma said. He also expressed gratitude to the Prime Minister for his unwavering support and celebrated Assam’s 200-year-old tea industry legacy as a testament to the state’s rich industrial heritage.
The combined investments of Rs.1.8 lakh crore by these corporate giants are expected to generate thousands of jobs, enhance infrastructure, and position Assam as a hub for renewable energy and industrial innovation. The summit has not only attracted global attention but also reaffirmed the northeast’s potential as a key driver of India’s economic growth.
