Assam, Star Cement ink Rs 1,400 cr investment pact

15 May 2023 CW Team

Star Cement and the Government of Assam signed a Memorandum of Understanding (MoU) today for an investment of Rs 1,400 crore in the state.

The MoU was signed by Chief Minister Himanta Biswa Sarma, Minister of Industry & Commerce Bimal Bora, Star Cement Chairman Sajjan Bhajanka and Executive Director Tushar Bhajanka.

The investment will be used to set up a cement grinding unit in Guwahati, another cement grinding unit in Cachar, as well as AEC Block and other construction manufacturing units in Guwahati.

The investment is expected to create thousands of direct and indirect jobs in the state.

Sajjan Bhajanka said that he felt privileged to be a part of this historic day and that their investment would contribute to the development of infrastructure in the state. He also said that they hoped to promote industrial activity in the state and become a dedicated agent in the overall development of the region.

Chief Minister Himanta Biswa Sarma called it a "red letter day" for the state and said that it had received Rs 8201.29 crore in private investment. He also said that they had resolved the fault line in their society and that they hadn't seen any bandh or agitation that endangered the industrial environment of the state in the last two years.

The investment by Star Cement is a major boost for the state's economy and will help to create jobs and promote industrial activity. It is also a sign of confidence in the state's investment climate.

Also Read
Bids are being sought for multi-state railway station construction
India plans to use green hydrogen fuel at major ports by 2035

Resources

08 Sep 2025

IGBC Launches 32nd Chapter in Ranchi to Drive Green Building Growth

The CII Indian Green Building Council (IGBC) has launched its 32nd Chapter in Ranchi to accelerate Jharkhand’s transition towards sustainable and resilient urban infrastructure. The launch event, held on September 6 at Radisson Blu Hotel, brought together government officials, industry leaders, and sustainability experts. Sunil Kumar, IAS, Principal Secretary, Urban Development & Housing Department, Government of Jharkhand, said, “The launch of the IGBC Ranchi Chapter marks a significant step in Jharkhand’s urban development journey. The state is committed to creating a policy e..

Mindspace REIT Marks Five Years With 14.8 Per Cent Annualised Returns

Mindspace Business Parks REIT, owner and developer of a Grade-A office portfolio, has completed five years since its listing on the Indian bourses in August 2020. Despite debuting during the global pandemic, the REIT has delivered 14.8 per cent annualised total returns, expanded its portfolio, and reinforced occupier trust. Key achievements over five years include: Portfolio expansion of 30 per cent to 31.0 msf through acquisitions and new developments. Gross leasing of 25.2 msf, with occupancy sustained at 93.7 per cent. Cumulative distribution of Rs 55.9 billion to unitho..

Great Value Realty Secures RERA Nod for Ultra-Luxury Ekanam Project

Great Value Realty, one of North India’s most trusted developers, has received RERA approval for its flagship ultra-luxury residential project, Ekanam (RERA No. UPRERAPRJ15109/2019). The announcement was made during the Great Partners Meet at Noida. Built on the only available land parcel in Sector 107, Noida, Ekanam embodies the company’s philosophy, “Great is the New Norm,” promising excellence in design, quality, and sustainable community living. With seamless connectivity to Noida Expressway, DND Flyway, metro stations, and proximity to the upcoming Jewar Airport, the project ..