Will there be investments in Assam after the Global Investors’ Summit?

Thursday, 20 February 2020

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Over 50 MoUs to be inked during Advantage Assam

Rahul Chanda | February 02, 2018 22:26 hrs

But signing of MoU is just an indication of interest; many MoUs are pending in the state which were not worked upon after being inked
 
Will there be investments in Assam after the Global Investors’ Summit?

The government is confident and claims that over 50 memorandums of understanding (MoUs) would be signed during the two-day mega event.   

Commissioner & secretary of the department of industries & commerce, Ashutosh Agnihotri said, “There are around 100 proposals of MoUs with us, but we will sign them only if the investors have a business plan of Rs 50 crores or more during the summit.” He added that there were at least 50 investors who would be able to meet the criterion.

State minister of industries & commerce, Chandra Mohan Patowary, informed that in the first investment summit in Gujarat, 74 MoUs were signed and similarly the investors’ summit in other states like Jharkhand, West Bengal, Rajasthan and Maharashtra also witnessed similar agreements with the respective state governments. He expected a “huge investment” during the conclave.   

A city-based chartered accountant said, “Signing of MoUs is just an indication of interest.”

Few months ago, an MoU was inked between Assam and Singapore to develop the old jail campus at Fancy Bazar and link all the green areas of Guwahati. Enquiring about the status of the work, a source in Guwahati Metropolitan Development Authority (GMDA) revealed that after the signing of MoU nothing much had happened. Similarly, there are many such MoUs pending with the state government, admitted an official.

But in spite of these drawbacks, the government has rolled out the red carpet to a host of dignitaries and business leaders with the hope of clinching more agreements. Many MoUs with Vietnam, Laos, Myanmar, Cambodia, Bangladesh and Bhutan are expected to be inked.   

Patowary said that an MoU could be signed to construct a gas pipeline from Barauni to Assam. 

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