In a big boost to Assam’s industrial growth, Star Cement Ltd has announced an investment of Rs 32 billion to set up a state of the art cement clinker and grinding plant in the state. This was formalized through a Memorandum of Understanding (MoU) signed between Assam government and the company on the final day of Advantage Assam 2.0 Investment and Infrastructure Summit 2025.
Chief Minister Himanta Biswa Sarma said, “Leading investors are committed to Assam’s growth. These projects will make Assam an industrial hub. The investments we have got proves Assam is a centre of industry and innovation. These projects will help us in our vision of developed and self reliant Assam,”
Star Cement’s proposal is in sync with Assam’s larger goal of large scale industrialization especially in manufacturing, infrastructure and green energy sectors. The project will create massive employment opportunities and impact the state’s economy.
Investments Across Sectors
Apart from Star Cement, Assam government also signed several other MoUs during the summit. One was with Matheson Hydrogen Ltd for a Rs 15 billion hydrogen and steam generation facility, a big step towards Assam’s clean energy journey. The state also signed a Rs 5 billion MoU with Global Health Ltd to enhance healthcare infrastructure and with ITE Education Services in two non-financial agreements to improve educational facilities.
Over the two day event, Assam signed 164 MoUs across 15 sectors making it the biggest ever in the state. Chief Minister hinted at more agreements in pipeline, indicating the growing confidence of investors in Assam’s future.
Market Outlook: Assam’s Industrial and Economic Growth
The increase in investments at Advantage Assam 2.0 summit shows the changing business landscape of Assam. With focus on industrial diversification, infrastructure development and sustainable energy solutions, Assam is going to be a big player in India’s growth story. The interest from big companies across sectors shows Assam’s economic growth story is looking up and the state is becoming a preferred destination for investors looking for growth and innovation.
