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Essel Infra signs MoU of Rs 6,000 cr with Assam govt

Nearly 200 initial pacts worth nearly Rs 70,000 crore were signed at the summit

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Rajya Sabha member Subhash Chandra (right) with Assam Chief Minister Sarbananda Sonowal at the Advantage Assam summit on Sunday
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Essel Infraprojects Limited has pledged projects to the tune of Rs 6,000 crore to the Assam government. At the two-day business summit, Advantage Assam, organised by the Assam government under Chief Minister Sarbananda Sonowal, Essel Infraprojects signed a Memorandum of Understanding with the state committing projects worth Rs 6,000 crore.

Congratulating the Assam government and CM Sonowal, Rajya Sabha MP Subhash Chandra said that the programme has opened up the state to a global audience. “Before Independence, this part of the country was very prosperous, and the GDP and per capita income was much higher because there were cross-border trades with other countries adjoining the region,” said Chandra.

“However, post-Independence, the cross-border trade stopped. The Government of India looked everything North-East with security issues and gave certain grants to the BSF and other paramilitary forces. They looked at the development of the North-East only through the ‘Chicken’s Neck’. They did not look at borders beyond the region,” Chandra added.

Chandra also said that what followed was that in Assam, lots of jobs were also taken by people migrating from other states. “But, now your population, your talent and your younger people have woken up and are wanting to do things in life. They are ready to take on many kinds of challenges at the same time,” he said.

He also added that Prime Minister Modi’s Act East policy and the ASEAN Summit where he invited 10 heads of ASEAN countries can prove to be advantageous to Assam and other Northeastern states.

Nearly 200 initial pacts worth nearly Rs 70,000 crore were signed at the summit.

“The responses of the investors are very exciting and encouraging. I believe the investment commitments will make Assam a better economy,” Sonowal said.

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