Star Cement to Invest Rs 3,200 Crore in Assam with New Plant
Star Cement Ltd has signed an MoU with the Assam government to set up a Rs 3,200 crore cement clinker and grinding plant, boosting the state's infrastructure and economy.
Star CementAssamInvestmentInfrastructureEconomyReal Estate NewsFeb 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, as announced by Chief Minister Himanta Biswa Sarma.
Apart from this, an agreement was 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.
Chief Minister Himanta Biswa Sarma expressed his gratitude to the companies for their support and noted that more agreements will be signed during the day.
He emphasized the importance of these investments in boosting Assam's economic growth and infrastructure development.
The 'Advantage Assam 2.0 Investment and Infrastructure Summit 2025' has already seen a strong showing of investor interest.
On the first day of the summit, a total of 164 MoUs of investment proposals were signed with companies across 15 sectors.
These sectors include manufacturing, health, education, and renewable energy, highlighting the diverse economic opportunities in the state.
The proposed cement plant by Star Cement is a significant step towards enhancing Assam's industrial capabilities.
The plant will not only create jobs but also contribute to the state's infrastructure development, which is a key focus area for the government.
The investment is expected to bring modern technology and sustainable practices to the region, further enhancing the state's attractiveness to other investors.
The hydrogen and steam generation plant by Matheson Hydrogen Lvt Ltd is another noteworthy project.
This plant will play a crucial role in advancing the state's renewable energy sector, aligning with the national goal of reducing carbon emissions and promoting green energy solutions.
The MoU with Global Health Ltd is aimed at improving healthcare facilities in the state.
This investment will help in setting up modern healthcare infrastructure, which is essential for the well-being of the local population.
The non-financial agreements with ITE Education Service will focus on enhancing educational facilities and skill development programs, ensuring a skilled workforce for the growing industries.
Overall, these investments and agreements signify a positive trajectory for Assam's economic development.
The government's proactive approach in attracting investments and fostering a conducive business environment is expected to yield significant benefits in the coming years.
Frequently Asked Questions
What is the proposed investment by Star Cement in Assam?
Star Cement Ltd has proposed to set up a Rs 3,200-crore cement clinker and grinding plant in Assam.
What other major investment was announced during the summit?
Matheson Hydrogen Lvt Ltd has proposed to set up a Rs 1,500-crore hydrogen and steam generation plant.
What is the significance of the MoU with Global Health Ltd?
The MoU with Global Health Ltd is aimed at improving healthcare facilities in Assam by setting up modern healthcare infrastructure.
How many MoUs were signed on the first day of the 'Advantage Assam 2.0 Investment and Infrastructure Summit 2025'?
A total of 164 MoUs of investment proposals were signed on the first day of the summit.
What sectors are these investments covering?
The investments are covering sectors such as manufacturing, health, education, and renewable energy.
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