Assam Cabinet Nod For Rs 1.22L Cr Investment

Guwahati: The Assam cabinet on Sunday approved investment proposals worth Rs1.22 lakh crore ahead of the second edition of the state business summit, Chief Minister Himanta Biswa Sarma said. Addressing a press conference after a Cabinet meeting, Sarma said that it had been decided that all MoUs, which will be signed during the Advantage Assam 2.0 Investment and Infrastructure Summit here, will be “properly scrutinised and then approved” by the council of ministers.

The cabinet, in its meeting chaired by the CM, rejected MoUs worth Rs45,000 crore as these were found to be on ‘flimsy grounds’, he said. “We don’t want to create unnecessary euphoria among people, we want to be reasonable and rational,” he said on the cabinet that had gone through all proposals before approval.