Star Cement to Establish Rs 3,200 Crore Plant in Assam
Star Cement Ltd has proposed to set up a Rs 3,200-crore cement clinker and grinding plant in Assam, marking a significant investment in the state's infrastructure. The Memorandum of Understanding (MoU) was signed during the Advantage Assam business summit
Star CementInvestmentAssamMouInfrastructureReal EstateFeb 26, 2025
A Memorandum of Understanding (MoU) in this regard was signed between the state government and the company on the concluding day of the Advantage Assam business summit on Wednesday, Chief Minister Himanta Biswa Sarma said.
Apart from this, an agreement was also signed between the state government and Matheson Hydrogen Lvt Ltd, which is willing to set up a Rs 1,500-crore hydrogen and steam generation plant.
The state government also signed a Rs 500-crore MoU with Global Health Ltd, while two non-financial agreements were signed with ITE Education Service.
Sarma expressed his gratitude to the companies for their support and noted that more agreements will be signed during the day.
He emphasized the significance of these investments in boosting the state's economy and creating job opportunities for the local population.
A total of 164 MoUs of investment proposals with companies in 15 sectors were signed on the first day of the 'Advantage Assam 2.0 Investment and Infrastructure Summit 2025' on Tuesday.
These MoUs cover a wide range of sectors, including manufacturing, healthcare, education, and renewable energy, reflecting the diverse economic potential of Assam.
The establishment of the cement plant by Star Cement Ltd is a major step in the state's vision to enhance its industrial infrastructure.
The plant is expected to not only support the construction industry but also contribute to the state's overall economic growth.
The project is likely to create a significant number of direct and indirect jobs, further boosting the local economy.
The Advantage Assam business summit, organized by the state government, aims to attract more investments and promote business opportunities in the state.
The summit has already seen a robust response from various industries, indicating a positive outlook for Assam's economic future.
The state government's proactive approach in signing these MoUs demonstrates its commitment to fostering a conducive environment for business and investment.
With these investments, Assam is on track to realize its potential as a key player in the national and international markets.
The success of the summit is a testament to the state's ability to attract and retain investments.
The participation of leading companies like Star Cement Ltd, Matheson Hydrogen Lvt Ltd, and Global Health Ltd underscores the growing confidence in Assam's economic policies and infrastructure.
In conclusion, the proposed Rs 3,200-crore cement plant by Star Cement Ltd is a significant milestone in Assam's industrial development.
The state is poised to benefit from increased economic activity, job creation, and infrastructure enhancement, positioning it as an attractive destination for further investments.
Frequently Asked Questions
What is the proposed investment by Star Cement Ltd in Assam?
Star Cement Ltd has proposed to set up a Rs 3,200-crore cement clinker and grinding plant in Assam.
When was the MoU signed for the Star Cement plant?
The MoU for the Star Cement plant was signed on the concluding day of the Advantage Assam business summit.
What other significant investments were announced during the summit?
Apart from the Star Cement plant, Matheson Hydrogen Lvt Ltd will set up a Rs 1,500-crore hydrogen and steam generation plant, and Global Health Ltd will invest Rs 500 crore.
What is the purpose of the Advantage Assam business summit?
The summit aims to attract more investments and promote business opportunities in Assam, focusing on various sectors like manufacturing, healthcare, education, and renewable energy.
How many MoUs were signed on the first day of the summit?
A total of 164 MoUs of investment proposals with companies in 15 sectors were signed on the first day of the 'Advantage Assam 2.0 Investment and Infrastructure Summit 2025'.
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