JK Lakshmi Cement (JKLC) will be investing Rs 1100 Crore in a new cement production project in Assam. The company has signed a Memorandum of Understanding (MoU) with the Assam Government during the Advantage Assam 2.0 Investment and Infrastructure Summit. The MoU was signed by Arun Shukla, President and Director of JKLC in presence of Assam Chief Minister Himanta Biswa Sarma.

The new project will be developed over the next 7-8 years and will produce cement and value added products. This is in line with the state government’s vision to make Northeast India an industrial and infrastructure hub.

The project will create thousands of jobs direct and indirect and boost the local economy. It will also contribute to the overall socio-economic development of the region. JK Lakshmi Cement’s commitment to sustainability will be reflected in this project as the company plans to use eco-friendly practices to minimize its impact on the environment.

This investment will also support India’s vision for Atmanirbhar Bharat and Inclusive growth. By 2030, JK Lakshmi Cement plans to have a cement production capacity of 30 MTPA and this project will be a part of that expansion plan.