Assam Chief Minister Himanta Biswa Sarma met with Vedanta Group, a major energy company in the private sector, on Monday to draft a comprehensive strategy for the Rs 50,000 crore investment that was announced for the state. This is a big step for the state. In February, Anil Agarwal, the chairman of the Vedanta Group, declared that the company would invest Rs 50,000 crore in the oil and gas industry in Assam and Tripura during the following three to four years.
“Today I had an extensive meeting with representatives from Vedanta to chalk out a time frame on realizing these investments, particularly in the field of energy exploration and drilling,” he stated. The chief minister claims that the Assam administration is placing the utmost emphasis on making sure that the vast majority of the expensive investment proposals succeed this fiscal year. At the opening event of the Advantage Assam investment summit, Agarwal announced that the group company Cairn Oil & Gas has already invested over Rs 2,500 crore in the two Northeastern states.
